Union Pacific’s 2Q Earnings Rise 28%
Union Pacific Corp. said Thursday its second-quarter profit rose 28% to $1 billion, or $2.10 a share, from $785 million, or $1.59, a year ago.
Revenue rose 7% to $5.2 billion, the Western freight railroad said in a statement. Intermodal revenue improved 10%.
Volume growth in four of Union Pacific's six business groups — automotive, chemicals, industrial products and intermodal — was offset by declines in shipments of coal and agricultural products.
Union Pacific operates west of the Mississippi River.
