Union Pacific Posts Profit Despite Coal Slowdown

Reuters reported that despite a 12 percent drop in coal volumes, Union Pacific Corp (NYSE: UNP) offset this drop with strong activity in chemicals and autos, posting a 15 percent rise in profits for Q3.

As quoted in the market report:

The Omaha, Nebraska-based company reported a 12 percent drop in coal volumes, reflecting a long slump in shipments that has affected U.S. railroads since the mild winter of 2011-2012. Strong shipments of chemicals and autos helped offset that decline.

To view the whole Reuters report, click here.