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UP profit up 13% but railroad predicts slower volume growth

Por: Associated Press Business October 21, 2022

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OMAHA, Neb. (AP) — Union Pacific delivered 13% more profit in the third quarter, but the railroad predicted Thursday that its customers will ship fewer items than it expected, confirming the economy is slowing down in the face of soaring inflation.The Omaha, Nebraska-based railroad said it now expects the number of shipments it handles to be up about 3% this year and match the third-quarter number. Previously, Union Pacific had predicted that... + full article



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