That's up 15% for the Omaha-based railroad, thanks to more car and chemical shipments.
(AP) —
Union Pacific says its profit was up 15 percent to $1 billion in the third quarter. Price increases and more automotive and chemical shipments helped the Omaha-based railroad offset a 12 percent drop in coal shipments.
Railroad results are considered an indicator of the health of the economy. That's because the carloads of products and raw materials railroads carry can tell investors how other businesses are doing.
Union Pacific operates 32,400 miles of track in 23 states from the Midwest to the West and Gulf coasts.
