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OMAHA, Neb. — Union Pacific’s fourth-quarter profit crept up 1% as the railroad delivered more fertilizer, imported goods and vehicles.

Union Pacific says it will stop imposing temporary limits on certain businesses’ shipments while it reviews the policy that federal regulators and shippers criticized at a hearing in mid-December.

Federal regulators and shippers are questioning Union Pacific’s decision to temporarily limit some businesses’ shipments as part of its effort to clear up congestion across the railroad.

Union Pacific Corp. saw strong fourth-quarter earnings and record results for 2021, the company announced Jan. 20.

Union Pacific saw its fourth-quarter and full-year results decline versus year-ago levels, but the Class I rail carrier said its implementation of precision scheduled railroading is reaping benefits for its operations.

Union Pacific Corp. is the latest Class I railroad to report lower third-quarter earnings when measured against 2019, with company officials saying Oct. 22 the COVID-19 pandemic is responsible for the drop in net income and revenue.

The most ambitious rail project of California’s future is increasingly dependent on the cooperation of the very railroad that shaped the state’s past — and there are signs their relationship is growing strained.

Union Pacific and a former switchman at the railroad’s Grand Junction, Colo., rail yard have settled for an undisclosed amount his allegations that he was discriminated against because he has arthritic knees, the parties told Bloomberg on June 6.

Union Pacific Corp. operations are about 80% of normal, after it deployed more locomotives and crews to clear network congestion that began eroding service last year, CEO Lance Fritz said.

Union Pacific Railroad announced Jan. 25 the company started construction this month on a major rail yard near Hearne, Texas, a $550 million project that’s the largest in the railroad’s 103-year history.