Tags: freight | Union Pacific | profit | railroad

Union Pacific Profit Rises, Boosted by Higher Freight Rates

Thursday, 18 Jul 2013 08:13 AM

Union Pacific Corp., the biggest U.S. railroad, posted a higher second-quarter profit on Thursday as increased freight rates offset lower volumes.

The company earned $1.1 billion, or $2.37 per share, up from $1 billion, or $2.10 per share, a year earlier.

Revenue rose to $5.5 billion from $5.2 billion.

Union Pacific shares closed at $159.70 Wednesday on the New York Stock Exchange.

 

© 2017 Thomson/Reuters. All rights reserved.

 
1Like our page
2Share
Companies
Union Pacific Corp., the biggest U.S. railroad, posted a higher second-quarter profit on Thursday as increased freight rates offset lower volumes.
freight,Union Pacific,profit,railroad
62
2013-13-18
Thursday, 18 Jul 2013 08:13 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved