Washington (Platts)--24Jan2013/1244 pm EST/1744 GMT
Union Pacific's revenue from hauling coal fell to $990 million in the fourth quarter, 7% below the $1.07 billion it received in the same period of 2011, the Omaha, Nebraska-based railroad said Thursday. Freight revenues from shipping agricultural products such as grains and biofuels fell 8% to $785 million from $854 million in the year-ago period. The company reported Q4 net income of $1 billion up 7% from $964 million in the same period of 2011. Article continues below... Request a free trial of: Coal Outlook Coal Outlook is delivered daily and focuses on marine fuel prices and supply in major ports worldwide. It is essential reading for those who require accurate and timely data on this market sector.
Union Pacific's revenue from hauling coal fell to $990 million in the fourth quarter, 7% below the $1.07 billion it received in the same period of 2011, the Omaha, Nebraska-based railroad said Thursday. Freight revenues from shipping agricultural products such as grains and biofuels fell 8% to $785 million from $854 million in the year-ago period. The company reported Q4 net income of $1 billion up 7% from $964 million in the same period of 2011.
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"Our diverse portfolio of business, solid core pricing gains, and efficient network operations drove these results despite significantly weaker coal and grain markets," CEO Jack Koraleski said in a statement.--Regina Johnson, regina_johnson@platts.com --Edited by Jeff Barber, jeff_barber@platts.com
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