Overview
- Net income rose about 10% to roughly $917 million as revenue increased around 3% to approximately $3.66–$3.7 billion for the quarter ended Sept. 30.
- Diluted earnings per share climbed to $1.01, reflecting improved profitability year over year.
- Operations set company records with terminal dwell down about 5%, average train speed up 7% and locomotive productivity up 6%, driven by the integrated network.
- Freight mix was uneven, with potash revenue up 15% and other fertilizers up 11%, modest gains in grain and coal, and declines in forest products and energy/chemicals/plastics, with forest products pressured by a U.S. sectoral tariff.
- CEO Keith Creel cautioned that Union Pacific’s roughly US$85 billion bid for Norfolk Southern could, without major conditions, put close to 40% of U.S. freight with a single railway and harm competition.