Transport Topics Online
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
7/24/2014 9:00:00 AM Write a Letter to the Editor Write a letter to the Editor

Union Pacific Net Income Rises 17%


Ken James/Bloomberg News

Union Pacific Corp.’s second-quarter net income rose 17% to $1.29 billion, or $1.43 per share, continuing a trend of profit growth reported by other railroads.

Revenue at Union Pacific, in Omaha, Nebraska, rose 10% to $6.02 billion, and shipments rose 7%. Second-quarter 2013 net income was $1.11 billion, or $1.18 per share.

Five other North American railroads have reported higher quarterly earnings over the past two weeks, with Canadian Pacific Railway Ltd. posting the largest increase.

“We are optimistic about the second half of the year,” CEO Jack Koraleski said in a statement.

Truck-rail freight posted the second-largest revenue gain of any commodity hauled by the railroad, rising to $1.15 billion, a 16% improvement, reflecting a 12% rise in shipments. Agricultural freight revenue rose the most at 19%.

By Transport Topics

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2014, Transport Topics Publishing Group. All rights reserved.


  RELATED ARTICLES
Intermodal Rail Traffic Rises 5% (9/19/2014 10:20:00 AM)
Railroad Delays Criticized (9/15/2014 4:00:00 AM)
Editorial: Freight Rail Slowdown (9/15/2014 4:00:00 AM)
BNSF Union Members Reject 1-Person Train Crew Plan (9/12/2014 10:45:00 AM)
Weekly Intermodal Traffic Rises 4.5% (9/12/2014 8:40:00 AM)
DOT Freight Transportation Index Rises 3.2% in July (9/10/2014 12:05:00 PM)
 <

 
LATEST NEWS



 
LATEST JOBS
Follow Us

Newsletters

TTExpress
This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.

Services

Advertising




© American Trucking Associations, Inc., All Rights Reserved TTNews.com Privacy Statement