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Railroads are considered bellwethers of the economy because of the variety of consumer goods they carry. In the past week, three major U.S. railroads have reported better profit than a year ago, although mixed results in the amount of goods carried. Last week, Union Pacific Corp. reported that fourth-quarter net income jumped 24 percent as it raised prices and hauled more freight. On Monday, CSX Corp. said profit grew 6 percent but volume fell. Norfolk Southern, which operates over 20,000 miles of track in 22 states in the eastern U.S., carried 20.8 percent more cars and automotive components, a reflection of the increase in North American vehicle production. Carloads of metals and construction materials also gained 5.7 percent, as mild winter weather extended the building season in parts of the country.
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