Union Pacific Q3 net income $1.3 billion
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Operating revenue of $5.6 billion was down 10 percent in the third quarter 2015.
Volume declined in each of the Company's business groups with the exception of automotive.
Quarterly freight revenue decreased 10 percent compared to the third quarter 2014, as volume declines, lower fuel surcharge revenue, and negative business mix more than offset core pricing gains.
Union Pacific's 60.3 percent operating ratio was an all-time quarterly record, 2 points better than the third quarter 2014 and 1.1 points better than the previous all-time quarterly record set in the fourth quarter 2014. The operating ratio benefited by about 1.5 points from the net impact of lower fuel prices during the quarter.
The $1.81 per gallon average quarterly diesel fuel price in the third quarter 2015 was 40 percent lower than the third quarter 2014.
Quarterly train speed, as reported to the Association of American Railroads, was 25.6 mph, 8 percent faster compared with the third quarter 2014.
The company repurchased 13.8 million shares in the third quarter 2015 at an aggregate cost of more than $1.2 billion. ■