Union Pacific Quarterly Profits Up, Plans $3.1 Billion in 2017 Capital Expenditures

SUGAR LAND--January 20, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--Rail operator Union Pacific Corporation (NYSE:UNP) (Omaha, Nebraska) reported net income of $1.14 billion for fourth-quarter 2016 compared to $1.12 billion in fourth-quarter 2015. Despite an overall decline in shipping volumes, cost-cutting measures helped lift the company's bottom line. Industrial Info is tracking $973 million in projects involving Union Pacific.