Union Pacific Reports Third Quarter 2017 Results
"During the quarter, our company faced the unprecedented challenge of Hurricane Harvey," said
Third Quarter Summary
Operating revenue of
* Quarterly freight revenue improved 4 percent compared to the third quarter 2016, as increased fuel surcharge revenue, core pricing gains and positive mix of traffic all contributed to the increase.
*
* The
* Quarterly train speed, as reported to the
* The year-to-date reportable personal injury rate of 0.78 per 200,000 employee-hours increased from the record year-to-date rate of 0.77 achieved in 2016.
*
* Included in the third quarter results are the following previously disclosed items:
See table here (https://www.up.com/media/releases/171026-3q-earnings.htm)
Summary of Third Quarter Freight Revenues
* Automotive down 3 percent
* Agricultural Products down 2 percent
* Coal down 2 percent
* Chemicals up 2 percent
* Intermodal up 3 percent
* Industrial Products up 26 percent
2017 Outlook
"As the economy continues to ebb and flow, we will focus on executing our value strategy. We will use innovation to enhance our customer experience while continuing to drive resource productivity throughout the organization as we progress our G55 + 0 initiatives," Fritz said. "Looking ahead to 2018, our engaged team is laser focused on building upon our recent success. Our goal is to continue creating long-term enterprise value for all of our stakeholders as we improve our top-line and progress toward our margin improvement targets."
Third Quarter 2017 Earnings Conference Call
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