An adjustment period

摘要

The still-sluggish economy and either favorable or unfavorable conditions in key business sectors-from coal to agricultural products to merchandise - colored financial results for the six publicly traded Class Is in the third quarter. The primary color was black for four large railroads that either set several financial records or posted profits, and red for the two others that registered revenue and income declines. Count Union Pacific Corp. among the record-setters. Despite stiff coal and agricultural products headwinds in 3Q, the Class I set the following quarterly records: $5.3 billion in operating revenue, up 5 percent year over year; $1.8 billion in operating income, up 13 percent; $2.19 per share in diluted earnings, up 18 percent; and a 66.6 operating ratio, down 2.5 points.