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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Union Pacific Corp | NYSE:UNP | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.37 | -0.15% | 247.03 | 248.40 | 246.831 | 247.41 | 206,521 | 16:10:36 |
From May 2023 to May 2024
By Dean Seal
Union Pacific said it is expecting to incur a one-time, pre-tax expense of about $70 million in the second quarter from the ratification of a crew-staffing union agreement.
The Omaha, Neb.-based railroad company said in a securities filing that the charge will raise its operating ratio for the second quarter by 120 basis points.
The added expense, combined with lower business volumes and higher operating costs, are expected to push Union Pacific's operation ratio for 2023 above 2022 levels, the company said.
Union Pacific also said Tuesday that a recent change in Nebraska's state income tax rate is expected to add almost $75 million in after-tax income for the second quarter.
Shares were half a percentage point higher at $200 in premarket trading.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
June 13, 2023 09:47 ET (13:47 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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