From the linked article:
Fourth-quarter revenue climbed 8% year over year thanks to higher fuel surcharge revenue, strategic price increases, and demand growth. Also helping to drive revenue in Q4 was Union Pacific's fuel consumption rate, which improved 2%.
In fact, Union Pacific has improved its fuel consumption rate for four straight years. Last quarter, thanks largely to locomotive modernizations, was the most fuel efficient the railroad has ever been. A more efficient fleet not only reduces Union Pacific's carbon footprint but also makes for a more productive and reliable operation.
From its all-time high of nearly $280 in March 2022, Union Pacific stock dropped 25% to its current price range around $209. Meanwhile, the railroad is breaking records for annual operating revenue, operating income, net income, and earnings per share. And according to Yahoo! Finance, Union Pacific is estimated to grow at an annual rate of over 9% per year for the next five years. With an ever-improving workforce and more efficient railway network, I think it's time to buy the dip on Union Pacific stock.If the company executes its network recovery initiatives as expected, record earnings could eventually translate into record-high stock prices.
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