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News: Union Pacific Corp (UNP)

UNP on New York Consolidated

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Thu, Apr 21 2016

Union Pacific profit beats expectations on cost cuts

CHICAGO Union Pacific Corp on Thursday posted an unexpectedly higher first-quarter profit as it cut costs to meet falling demand, but the No. 1 U.S. railroad said it remained challenged by low energy prices, a strong U.S. dollar and weak retail sales.

Union Pacific CEO: 'more downward pressure' than upward on capex

CHICAGO No. 1 U.S. railroad Union Pacific Corp said on Thursday that it was trimming its planned capital expenditures for 2016 by 2 percent and could further cut investments depending on demand in a weak freight market across most of its segments.

UPDATE 1-Union Pacific CEO: "more downward pressure" than upward on capex

CHICAGO, April 21 No. 1 U.S. railroad Union Pacific Corp said on Thursday that it was trimming its planned capital expenditures for 2016 by 2 percent and could further cut investments depending on demand in a weak freight market across most of its segments.

Union Pacific CEO: falling freight could push 2016 capex lower

CHICAGO, April 21 No. 1 U.S. railroad Union Pacific Corp said on Thursday that it was trimming its planned capital expenditures for 2016 by 2 percent and could further cut investments depending on demand in a weak freight market across most of its segments.

UPDATE 2-Union Pacific profit beats expectations on cost cuts

CHICAGO, April 21 Union Pacific Corp on Thursday posted an unexpectedly higher first-quarter profit as it cut costs to meet falling demand, but the No. 1 U.S. railroad said it remained challenged by low energy prices, a strong U.S. dollar and weak retail sales.

Union Pacific profit falls, beats expectations

CHICAGO, April 21 Union Pacific Corp on Thursday posted a lower quarterly profit due to falling freight volumes, driven primarily by declines in coal, but the results came in above expectations as the No. 1 U.S. railroad cut costs to match falling demand.

Union Pacific CEO says consumers 'just don't seem to be showing up'

CHICAGO Facing a freight recession caused by slumping commodity prices and industrial output, No. 1 U.S. railroad Union Pacific Corp said Thursday hopes of strong economic growth have so far been undermined by a key missing ingredient - the American consumer.

Falling freight hurts Union Pacific profit, outlook bleak; shares drop

CHICAGO Union Pacific Corp reported a lower quarterly profit on Thursday as slumping commodities prices and ailing industrial production hurt freight volumes, and the No. 1 U.S. railroad warned 2016 does not look much better for its business.

UPDATE 3-Falling freight hurts Union Pacific profit, outlook bleak; shares drop

CHICAGO, Jan 21 Union Pacific Corp reported a lower quarterly profit on Thursday as slumping commodities prices and ailing industrial production hurt freight volumes, and the No. 1 U.S. railroad warned 2016 does not look much better for its business.

Union Pacific quarterly profit drops with freight volumes

CHICAGO, Jan 21 No. 1 U.S. railroad Union Pacific Corp on Thursday posted a lower quarterly profit amid a 9 percent drop in freight volumes.

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