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DFDS to acquire Turkey's U.N. Ro-Ro
COPENHAGEN: April 18, 2018. European short-sea RoR...

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Etihad Cargo supports bustard relocation
ABU DHABI: April 18, 2018. In the past three years...

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New CMA CGM rail link between UK and China
LONDON GATEWAY: April 18, 2018. GB Railfreight, ow...

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Dutch add more short-sea capacity to London
LONDON: April 18, 2018. Dutch-based A2B-online Con...

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Saudia Cargo gets new CEO
JEDDAH, Kingdom of Saudi Arabia: April 17, 2018. F...

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Turkish Cargo to introduce new routes
ISTANBUL: April 17, 2018. Turkish Cargo is to begi...

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South Carolina opens second inland port
DILLON, SC: April 16, 2018. The South Carolina Por...

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North Sea Port reports increase in first combined traffic
GENT, Belgium: April 16, 2018. North Sea Port (NSP...

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Delta Cargo up 23 percent in Q1 2018
ATLANTA: April 12, 2018. Delta Air Lines has repor...

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DFDS to acquire Turkey's U.N. Ro-Ro
Etihad Cargo supports bustard relocation
New CMA CGM rail link between UK and...
Dutch add more short-sea capacity to London
Saudia Cargo gets new CEO
Turkish Cargo to introduce new routes
South Carolina opens second inland port
North Sea Port reports increase in first combined...
Delta Cargo up 23 percent in Q1 2018...

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OMAHA, Nebraska: January 19, 2017. Union Pacific Railroad has reported a two percent increase in Q4 net profit of US$1.14 billion on a one percent drop in revenue of US$5.16 billion year-on-year.

The company ended 2016 with an 11 percent drop in net profit of US$4.23 billion compared to the previous 12 months on revenue of US$19.94 billion, a decline of 9.0 percent for the comparable period.

Union Pacific Chicago 2"While full-year volumes were down substantially year over year, we did see declines moderate in the fourth quarter," commented Union Pacific chairman, president and CEO Lance Fritz.

Fourth quarter volumes measured by total revenue carloads declined three percent compared to 2015. While shipments of agricultural products grew eight percent, the company experienced declines in its Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal businesses during the period.

The railroad's capital program last year totaled just under US$3.5 billion, a decrease of approximately US$800 million compared to 2015, and the company repurchased 35.1 million shares at a cost of US$3.1 billion.

"Looking to 2017, we are fairly optimistic about some of the macro-economic indicators that drive our core business. Higher energy prices, favorable agricultural markets and improving business and consumer confidence all support a return to positive volume growth this year," Fritz said.

"We continue to have confidence in the strength and diversity of the Union Pacific franchise, which will position us well to safely and efficiently leverage stronger volumes as our markets begin to rebound," he added.

Union Pacific connects 23 states in the western two-thirds of the U.S. by rail; operates from all major West Coast and Gulf Coast ports to eastern gateways; connects with Canada's rail systems; and is the only railroad serving all six major Mexico gateways.

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