Fueling Scrutiny for Union Pacific's Norfolk Southern Deal A recent filing by Union Pacific Corporation has raised eyebrows in the world of railroads.
The company reported a $91 million surplus in fuel surcharge revenue compared to its actual fuel costs, a discrepancy that takes on greater significance given the proposed acquisition of Norfolk Southern.
The numbers are striking: in the second quarter, Union Pacific generated more in fuel surcharges than it paid out in fuel expenses. This surplus accounted for about 4% of its quarterly net income.