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Updated:
10/22/2009 8:45:00 AM
Union Pacific’s 3Q Profit Drops
Union Pacific Corp.’s third-quarter profit fell 26% to $517 million, or $1.02 per share, from $703 million, or $1.38, a year ago.
Revenue dropped 24% to $3.7 billion, the company said Thursday.
Revenue from intermodal freight fell 22% to $656 million, while automotive revenue declined 30% to $227 million, UP said.
Union Pacific, the largest U.S. freight railroad by revenue, operates west of the Mississippi River.
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