OMAHA, Neb. (AP) — Union Pacific railroad is scheduled to release its third-quarter earnings report Thursday morning.
The Omaha, Nebraska, based railroad has been dealing with reduced demand for freight shipments over the past year.
All the major railroads have faced weak coal demand for several years as utilities switch to natural gas because of low costs and environmental regulations.
Analysts surveyed by FactSet expect Union Pacific to report earnings per share of $1.40 on $5.17 billion revenue.
Union Pacific operates 32,400 miles of track in 23 states from the Midwest to the West and Gulf coasts.
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