Union Pacific Corp., the biggest U.S. railroad, posted fourth-quarter profit that topped analysts’ estimates as U.S. economic growth fueled increases in volumes and supported higher rates.
Union Pacific Corp. rose to the highest price in at least 31 years after the biggest U.S. railroad’s profit topped estimates amid shipment-volume gains.
CSX Corp. unexpectedly boosted its full-year profit forecast as the biggest railroad in the eastern U.S. bets on intermodal freight to help stanch declines in shipments of coal, its largest cargo.
China rejected a global shipping alliance to protect companies navigating a choppy market. The decision will probably hurt cargo firms’ earnings, including its own.
CSX Corp., the biggest railroad in the eastern U.S., reported second-quarter profit that topped analysts’ estimates as shipments of coal to domestic utilities climbed for the first time since 2010.
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