By Dave Sebastian


Union Pacific Corp. said its profit and revenue fell for the first quarter as the railroad took a hit from bad weather and rising fuel prices.

The Omaha, Neb.-based company on Thursday posted a net income of $1.34 billion, compared with $1.47 billion in the comparable quarter last year. Earnings were $2 a share, compared with $2.15 a share in the prior year.

Operating revenue fell 4% to $5 billion. Analysts polled by FactSet were looking for $5.05 billion.

Business volumes for the quarter, as measured by revenue carloads, fell 1% due to declines in industrial and bulk shipments, partially offset by premium carloads.

Quarterly freight revenue fell 5% as lower fuel surcharge revenue and volume declines partially offset core pricing gains.

Union Pacific affirmed its 2021 guidance.


Write to Dave Sebastian at


(END) Dow Jones Newswires

April 22, 2021 08:28 ET (12:28 GMT)

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