(Source: Freight Waves, July 18, 2019)
CHATTANOOGA, Tenn. — Union Pacific set an all-time record for its operating ratio in the second quarter despite lower freight volumes and a decline in freight revenue. The western U.S. railroad reported an operating ratio of 59.6 percent for the second quarter, compared with 63 percent for the same period in 2018. Operating ratio can gauge the financial health of a company, with a lower operating ratio implying more profitability.
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