Economic slowdown drags Union Pacific 3Q profit down 2%

The slowing economy and ongoing trade disputes are dragging railroad profits down in the second half of the year. Union…

The slowing economy and ongoing trade disputes are dragging railroad profits down in the second half of the year. Union Pacific and CSX railroads both reported declining profit and revenue as they hauled less grain, imported goods and other products. Union Pacific said volume fell 8% in the quarter.

Follow the live information on our channel