Union Pacific’s 3Q Profit Jumps 32%

Union Pacific Corp. said Thursday its third-quarter profit rose 32% to $703 million, or $1.38 per share, from $532 million, or $1.00 per share, last year.

The company achieved record profits despite Hurricane Ike, record fuel prices and economic downturn during the quarter.

Intermodal freight revenue rose 9% to $842 million.

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