OMAHA, Neb. — Union Pacific’s third-quarter revenue and earnings declined, but cost-cutting and efficiency gains — particularly from running longer trains — helped the railroad produce a new record-low operating ratio. Operating income fell 9%, to $2 billion, as revenue declined 11%, to $4.9 billion, UP announced on Thursday morning. Earnings per share declined 9%, to $2.01. […]
Union Pacific posts record operating ratio despite traffic, revenue declines
