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The Omaha, Nebraska-based rail operator benefited from rising shipments ahead of the holiday season as an increase in industrial activity resulted in more companies shipping out products to consumers.
Union Pacific (NYSE:UNP)’s fourth-quarter total operating revenue rose to $5.73 billion from $5.14 billion a year ago.
Shares of the company were up about 1% before the bell.
Net income for the U.S. railroad operator in the fourth quarter ended Dec. 31 rose to $1.71 billion, or $2.66 per share, from $1.38 billion, or $2.05 per share, a year ago.
