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Shares of the company were down 1.1% at $197.77 before the bell.
Service disruptions caused by labor shortages, supply-chain snags and port congestion have dented the railroad operator’s shipments over the past year.
Union Pacific (NYSE:UNP) also included a $114 million charge for a change to prior-period accounting estimates related to new, tentative and ratified labor agreements.
Still, net income rose to $1.89 billion, or $3.05 per share, in the quarter ended Sept.30, from $1.67 billion, or $2.57 per share, a year earlier.
