Union Pacific’s (NYSE: UNP) net profit for the fourth quarter of 2020 was on par with the fourth quarter of 2019 amid a $278 million, pretax, noncash impairment charge related to its change of plans for the Brazos yard in Texas.
Union Pacific’s (UP) fourth-quarter net income was $1.4 billion, or $2.05 per diluted share, compared with $1.4 billion, or $2.02 per diluted share, in the fourth quarter of 2019.
Without the impairment charge, UP’s fourth-quarter net profit would have been $1.6 billion,...
https://www.freightwaves.com/news/impairment-charge-flattens-union-pacifics-q4-profit-gains