Union Pacific’s 2Q Profit Jumps 19%

Union Pacific Corp. said Thursday its second-quarter profit rose 19%, on higher demand for agricultural transportation.

The freight railroad’s net income rose to $531 million, or $1.02 a share, from $446 million, or 82 cents, last year.

Sales rose 13% to $4.57 billion, the company said.

Intermodal freight revenue rose 7% to a record $769 million, UP said.

Union Pacific, the largest U.S. freight railroad by revenue, operates west of the Mississippi River.