Union Pacific profit beats, boosted by volume and price gains
Share:
(Reuters) - Union Pacific Corp, one of the biggest U.S. railroads, on Thursday reported higher-than-expected quarterly profit and said efficiency gains will bolster profits in 2019.Shares in the company, which connects 23 states in the western two-thirds of the United States by rail, rose 3.3 percent to $159.37.Its operating ratio - a measure of operating expenses as a percentage of revenue and a key metric for Wall Street - improved 1.1 points to 61.6 percent in the fourth quarter from the same..