Union Pacific’s 1Q Earnings Jump 14%
Union Pacific Corp.’s first-quarter earnings jumped 14% to $1.1 billion, or $2.38 a share, the company reported April 17. Revenue rose 6.6% to $5.64 billion.
The Western freight railroad was among U.S. railroads least affected by snowstorms that pounded the Northeast at the beginning of the year, which caused trains to slow and drove up costs for extra crews and fuel.
Higher factory production in February and March drove the rail line’s shipments of industrial goods and consumer products, while shale-oil drilling fueled demand for sand, pipe and crude oil.
