Union Pacific: Effect of Winter Storm, Fires, Heavy Rain More Than $100 Million in FY21
September 17 2021 - 10:14AM
Dow Jones News
By Michael Dabaie
Union Pacific Corp. said the financial effect of the winter
storm in February, California wildfires, and heavy rains in the
South and Southeast part of its network exceeds $100 million so far
this fiscal year.
The railroad and freight transportation services company said in
a U.S. Securities and Exchange Commission filing that the financial
effect includes revenue, operating expenses and capital
investment.
For the third quarter, the company said it estimates the
wildfire and heavy rain effect on operating expenses to be about
$20 million.
Shares were down slightly, falling 0.2%, to $203.05, in early
trading.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
September 17, 2021 09:59 ET (13:59 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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