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Union Pacific’s Income, Revenue Jump for 4Q, Full Year
Western freight railroad Union Pacific Corp. said Thursday its fourth-quarter profit jumped to $485 million or $1.78 a share, from $296 million or $1.10 cents for the same quarter a year earlier.
Revenue rose 9% to $3.96 billion from $3.62 billion, the company said in a statement. Intermodal revenue rose 4% for the quarter.Full-year 2006 net income was $1.6 billion or $5.91 per share, up from $1 billion or $3.85 a share in 2005.Revenue for the full year rose 15% to $15.6 billion, from $13.6 billion in 2005.Union Pacific is the largest U.S. freight railroad by revenue.