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Union Pacific Q3 Net Income Down 26%
Friday, October 23, 2009 5:56 AM


(Source: Datamonitor)trackingUnion Pacific has reported a net income of $517 million or $1.02 per diluted share in the third quarter of 2009, down 26%, compared to $703 million or $1.38 per diluted share in the third quarter of 2008.

The company's total operating revenues for the third quarter of 2009 were $3.67 billion, down 24%, compared to $4.85 billion in the same quarter of 2008.

For the first nine months of 2009, the company has reported a net income of $1.35 billion or $2.67 per diluted share, compared to $1.68 billion or $3.24 per diluted share in the same period of 2008.

Total operating revenues for the first nine months of 2009 decreased 24% to $10.4 billion, compared to $13.7 billion in the same period of 2008.

Jim Young, chairman and CEO of Union Pacific, said: "Union Pacific's third quarter results were clearly affected by the global recession and related decline in our rail traffic. In the face of that challenge, the Union Pacific team achieved a record third quarter operating ratio, as well as record customer satisfaction levels, by concentrating on our business fundamentals of safety, service, value and productivity."

A service of YellowBrix, Inc.



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