(Reuters) – Union Pacific Corp on Thursday posted a 1.6% fall in quarterly profit, as the U.S. railroad was hurt by lower freight revenue.
The company’s net income fell to $1.38 billion, or $2.05 per share, in the fourth quarter ended Dec. 31, from $1.40 billion, or $2.02 per share, a year earlier.
Total operating revenue fell to $5.14 billion from $5.21 billion.
(Reporting by Sanjana Shivdas in Bengaluru; Editing by Maju Samuel)
