By Thomas Black, Bloomberg Technology; January 25, 2018
Union Pacific Corp. lost ground to Warren Buffett’s BNSF Railway Co. for a third year as the nation’s two largest railroads battled for western U.S. cargo. Shares fell the most in more than a year.
While Union Pacific reversed a two-year decline in carloads, its 1.7 percent growth rate in the fourth quarter trailed BNSF’s 5.5 percent. The pitched battle for freight has throttled Union Pacific’s ability to raise freight rates, a key lever for boosting revenue and improving efficiency.
Click here to read the full story.