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Mon, Jun 6 2016

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Oregon derailment likely to reignite oil-by-rail safety concerns

A Union Pacific train carrying crude oil derailed and burst into flames along Oregon's scenic Columbia River gorge on Friday in the first major rail accident involving crude in a year. | Video

UPDATE 6-Oregon derailment likely to reignite oil-by-rail safety concerns

June 3 A Union Pacific train carrying crude oil derailed and burst into flames along Oregon's scenic Columbia River gorge on Friday in the first major rail accident involving crude in a year.

BRIEF-Union Pacific expects Q2 total volumes to be down in low teens

* Company now expects total volumes to be down in low teens in Q2 of 2016 versus prior year

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.

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