(Source: Associated Press, July 21, 2022)
Union Pacific’s second-quarter profit improved a bit, but the railroad’s expenses jumped as it tried to reduce the delivery delays that have left its customers waiting for trains at times. UP said Thursday that its profit grew 2% to $1.84 billion, or $2.93 per share, in the quarter. That’s up slightly from last year’s $1.8 billion, or $2.72 per share. The railroad said its revenue grew 14% to $6.27 billion in the period, also topping Street forecasts.
Full story: Associated Press