Union Pacific profit climbed 5% as it builds the case for its acquisition of rival Norfolk Southern
Tamara Ceaikovski
OMAHA, Neb. (AP) — Union Pacific delivered 5% higher earnings in the first quarter as the railroad worked to prepare its case to convince regulators that its $85 billion acquisition of eastern rival Norfolk Southern is a good idea. The Omaha, Nebraska-based railroad said Thursday that it earned $1.7 billion, or $2.87 per share, but it estimated that merger-related costs weighed down the results by 6 cents per share. That’s still up from last year’s $1.63 billion, or $2.70 per share. And the
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