Union Pacific 4Q Profit Slips 4 Percent on Weather, Hiring Problems

Union Pacific 4Q Profit Slips 4 Percent on Weather, Hiring Problems
A Union Pacific train engine sits in a rail yard in Commerce, Calif., on Sept. 14, 2022. Ashley Landis/AP Photo
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OMAHA, Neb.—Union Pacific’s fourth-quarter profit slipped 4 percent as severe winter weather snarled shipments in late December and disrupted the railroad’s efforts to eliminate the delayed deliveries and other problems shippers complained about last year.

The Omaha, Nebraska-based railroad said it earned $1.6 billion, or $2.67 per share, in the fourth quarter. That’s down from $1.7 billion, or $2.66 per share, a year ago.