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Union Pacific shares fall amid concern over economy, COVID-19 vaccine rollout

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(Reuters) - Union Pacific Corp, one of the largest U.S. freight railroad operators, on Thursday reported better-than-expected quarterly profit, bolstered by higher shipping volumes of grain, refrigerated food and drinks, and retail goods.
FILE PHOTO: A Union Pacific rail car is parked at a Burlington National Santa Fe (BNSF) train yard in Seattle, Washington, U.S., February 10, 2017. REUTERS/Chris Helgren
Still, shares in the company fell 4.3% to $208.85 in midday trading on concern that the pace of volume growth and efficiency gains could moderate as a slow vaccine rollout threatens an economy battered by the COVID-19 pandemic.
“All of that all raises some questions,” Edward Jones analyst Jeff Windau said. ....

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