Union Pacific's (UNP +4.2%) crude oil shipments more than doubled in Q1 as railroads continue to...

|About: Union Pacific Corporation (UNP)|By:, SA News Editor

Union Pacific's (UNP +4.2%) crude oil shipments more than doubled in Q1 as railroads continue to get a lift from the U.S. oil-and-gas drilling boom. UNP's overall volume fell 2%, in line with CSX, as weaker shipments of coal and agriculture products weighed on results. Still, Q1 earnings rose 11% on modest revenue growth, and UNP sees a short-term recovery in coal shipments as utilities rebuild stocks.