An uncertain economic environment continued to impact intermodal volumes, Union Pacific said in a statement.
The company said it expects profit of $2.45-$2.48 per share for the quarter ending September. Analysts on average had expected a profit of $2.56 per share, according to Thomson Reuters I/B/E/S.
Union Pacific, which links 23 states in the West and Midwest, also forecast a $10 million hit to operating income related to the flooding. (Reuters)