Omaha-based railroad conglomerate Union Pacific Corp. has raised its expectations for first quarter earnings to between $1.00 and $1.10 per diluted share, up from 80 to 90 cents a share. This optimistic forecast is based on stronger than anticipated commodity revenue growth and profit margins, boosted in part by higher intermodal activity.
The company said total commodity revenue should grow approximately 17% in the first quarter, versus previous expectations of 15%, driven by strong demand for intermodal shipments, industrial and agricultural products.
