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History

Traffic Booming on Historic ‘Stormy’

Railroaders call it the “Stormy” for its wild summer thunderstorms. Historians call it the Sunset Route. It has become a vital link handling booming traffic, and to address this growth, the 760-mile Union Pacific corridor between Los Angeles and El Paso is in the midst of an on-going effort to add capacity.

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Union Pacific

Davidson: ‘High fuel prices and increased operating costs continued to impact earnings’

Union Pacific Corporation on Jan. 24 reported 2004 fourth quarter income from continuing operations of $79 million, or $0.30 per diluted share compared to $333 million, or $1.28 per diluted share in the fourth quarter of 2003. Included in the 2004 results is the impact of the $154 million after-tax, or $0.58 per diluted share, non-cash charge for unasserted asbestos claims that the company announced in December.