In Q4: Operating revenue of $6.2B was up 8% driven by higher fuel surcharge revenue, core pricing gains, and volume growth, partially offset by a negative business mix. Business volumes, as measured by total revenue carloads, were up 1%. Union Pacific’s 61.0% operating ratio deteriorated 360 basis points. Falling fuel prices late in the quarter positively impacted the operating ratio by 20 basis points. Operating income of $2.4B declined 1%. The company repurchased 3.5M shares in fourth quarter 2022 at an aggregate cost of $0.7B.
Published first on TheFly
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