BY BOB SECHLER
Union Pacific Corp.'s fourth-quarter earnings rose 24%, as the railroad benefited from price increases and a booming business hauling materials to and from new shale-oil drilling sites.
The company, based in Omaha, Neb., said Thursday that its overall volume climbed 3% compared with a year earlier. Shipments related to the shale-oil sector accounted for as much as half of the gain.
Union Pacific transports steel, sand and pipe to drilling sites where oil and natural gas are extracted from shale rock, and then hauls out resulting crude ...
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