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To: Johnny Canuck who wrote (49114)	1/24/2013 1:09:46 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 68173

Union Pacific's profit beats estimates; warns on 2013 Reuters 9:29 AM, E.T. \| January 24, 2013 U.S. Tags: CSX, Union Pacific AA Share on emailFollow this Union Pacific Corp. (UNP-N 133.15 -2.2 -1.63%), the No.1 U.S. railroad, reported a quarterly profit above analyst estimates as higher pricing helped to make up for a fall in volumes but it warned of a tough 2013. Railroads have been hit by lower shipments of coal, both for domestic and export, due to low natural gas prices, high stockpiles and weak global demand. Shipments of grains and other agricultural commodities have also been weak due to drought. "For 2013, we're expecting to see many of the same challenges we faced last year," Chief Executive Jack Koraleski said in a statement. "We'll also be watching to see what happens in Washington and how it impacts potential economic growth." CSX Corp. (CSX-N 22.04 0.36 1.66%), Union Pacific's closest publicly traded rival, said on Wednesday a return to volume growth was dependent on how soon Washington agreed on a long-tem fiscal plan as the uncertainty was affecting business and consumer confidence. Omaha, Nebraska-based Union Pacific's shipment volumes fell 2 percent in the quarter. Volume declines in coal and agricultural products more than offset growth in chemicals, automotive and intermodal shipments, the company said. Net income rose to $1.04 billion US, or $2.19 per share, in the fourth quarter, from $964 million, or $1.99 per share, a year earlier. Operating revenue rose 3 percent to $5.25 billion. Analysts expected earnings of $2.16 per share on revenue of $5.31 billion, according to Thomson Reuters I/B/E/S. Union Pacific's stock, which has gained about 25 percent since the beginning of 2012, closed at $135.35 on the New York Stock Exchange on Wednesday.