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)

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