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10/18/2012 11:00:00 AM Write a Letter to the Editor Write a letter to the Editor

Union Pacific’s 3Q Income Rises, CSX’s Slips

Two of the largest U.S. freight railroads reported third-quarter results, with intermodal revenue rising at both companies.

Union Pacific Corp. said Thursday its net income rose to $1 billion, or $2.19 a share, from $904 million, or $1.85, a year ago.

Revenue rose 5% to $5.3 billion, the Western freight railroad said. Intermodal revenue rose 8% to $1 billion.

Volume growth at four of its six business groups — automotive, chemicals, industrial products and intermodal — was offset by declines in shipments of coal and agricultural products.

CSX Corp.’s profit slipped to $455 million, or 44 cents per share, from $464 million, or 43 cents, a year earlier.

Revenue fell 2% at $2.89 billion, although intermodal revenue jumped 10% to $399 million, the Eastern freight railroad said.

By Transport Topics

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