Thursday, January 19, 2012

Union Pacific profit jumps, sees record 2012

(Reuters) - Union Pacific Corp (UNP.N), the No. 1 U.S. publicly held railroad, reported above-forecast quarterly results driven by higher volume and pricing, and forecast record profit in 2012 on slow but steady economic growth.
The company's shares, up 45 percent from October's low, ran up to a split-adjusted lifetime high on Thursday.
Core pricing rose 5 percent as automotive, chemical, energy and industrial products helped push total revenue carloads up 3 percent in the fourth quarter from a year ago. Freight revenue rose in all six of the company's business segments. Continued

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