Union Pacific’s (UNP) cost-cutting approach is boosting the company’s bottom line. A shareholder-friendly approach and efforts to expand are also commendable. However, the freight market downturn is adversely impacting the company’s performance.Factors Favoring UNPIn the first quarter of 2024, Union Pacific reduced operating expenses by 3% year over year, driven by cost-cutting measures, such as deploying longer trains and increasing freight car velocity. These efforts are improving the company’s efficiency ...