(Source: Trains.com, July 25, 2024)
Union Pacific’s profits rose in the second quarter despite a sharp drop in coal traffic. Quarterly operating income increased 9%, to $2.4 billion, as revenue grew 1%, to $6 billion. Earnings per share rose 7%, to $2.74. UP’s operating ratio improved 3 points, to 60%. UP set an average train length record for the quarter, at 9,544 feet, which included a highest-ever monthly figure above 9,600 feet in June, says Eric Gehringer, executive vice president of operations.
Full story: Trains.com