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What Railroads Are Saying About 2023’s Economy. It Isn’t Pretty.

Por: MarketWatch Business January 27, 2023

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Tuesday, (ticker: UNP) said that price increases helped December quarter revenue rise 8% to $6.2 billion. But higher costs produced a 4% drop in net income, even though a lower share count allowed earnings per share to edge up 0.2% to $2.67. That EPS number missed Wall Street’s consensus forecast of $2.79. Union Pacific executives blamed weak growth in the volume of goods shipped on the economy and harsh weather, telling conference-call... + full article



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