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Union Pacific +1.8% as 2018 operations top expectations

Published 01/09/2019, 05:42 PM
© Reuters. Union Pacific +1.8% as 2018 operations top expectations
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  • In an SEC filing, Union Pacific (NYSE:UNP) issued an operational update where it says December carloadings were better than anticipated.
  • At November's end, the company said it didn't expect year-over-year improvement in its full-year operating ratio, due to slowing revenue growth and higher costs tied to severance and inefficiencies.
  • But the company now expects the ratio to land at 62.7%, a 0.1-point improvement from 2017, thanks to higher revenues, lower diesel fuel prices and improved cost performance.
  • “December carloadings were stronger than expected, led by international container imports,” says CFO Rob Knight. “We are also encouraged to see improved cost performance driven by early results from our Unified Plan 2020 implementation.”
  • Shares are up 1.8% after hours.
  • The company reports Q4 earnings before the open Thursday, Jan. 24, with a conference call to follow at 8:45 a.m. ET.
  • Now read: Lessons From A Bear Market Survivor


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