SOURCE: Industrial Info Resources

Industrial Info Resources

January 22, 2010 05:30 ET

Despite Lower Earnings, Union Pacific Holds Optimism for Future, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - January 22, 2010) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Rail and intermodal transport company Union Pacific Corporation (NYSE:UNP) (Omaha, Nebraska) has reported earnings for the fourth quarter of 2009, which ended December 31. Like transport company CSX Corporation (NYSE:CSX) (Jacksonville, Florida), earnings for the quarter were down from the previous year, falling from $651 million in 4Q08 to $551 million in 4Q09, a 17% decline. The company's largest drops in revenue came from the transport of industrial and energy products, which experienced revenue declines of 22% and 28%, respectively. Despite these year-over-year declines, the final quarter of 2009 presented somewhat of a lift in revenues from the rest of the year, suggesting that 2010 will be more profitable.

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