Union Pacific Corp. reported lower first-quarter profit...
Union Pacific Corp. reported lower first-quarter profit and revenue and blamed the decline on tumbling oil prices, which caused a 77% drop in earnings by the rail company’s Champlin Petroleum unit. The parent of Union Pacific Railroad, the country’s third-largest rail network, said first-quarter net income fell to $103 million from $113 million.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.