Jan 27 (Reuters) – Union Pacific reported nearly a 7% rise in fourth-quarter profit on Tuesday, helped by firmer pricing and higher freight revenue.
The Omaha, Nebraska-based railroad operator’s net income for the quarter rose to $1.85 billion, or $3.11 per share, from $1.76 billion, or $2.91 per share, a year earlier.
Union Pacific had unveiled an $85 billion agreement in July last year to buy smaller rival Norfolk Southern, a merger that would connect their eastern and western networks to create the first coast-to-coast U.S. freight rail operator.
(Reporting by Apratim Sarkar in Bengaluru; Editing by Shilpi Majumdar)
