UP has record profit in second quarter

Rail

Thursday, July 19, 2012

Union Pacific said its second quarter ending June 30 was its most profitable ever. The Class I railroad had a profit of $1 billion, 28 percent more than the $785 million it earned in the same 2011 period. Revenue for the quarter was $4.9 billion, 7 percent more than the $4.6 billion recorded in the second quarter of 2011. “Volume growth across many of our market sectors offset the 17 percent decline in coal volumes,” said Chief Executive O...

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