Union Pacific quarterly profit rises 21.5% on higher prices, shipments -Breaking
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© Reuters. FILE PHOTO – A Union Pacific railway car is parked at Scarborough Yard of Canadian Pacific Railway (CP Rail), Scarborough, Ontario Canada. March 20, 2022. REUTERS/Chris Helgren/File photo(Reuters). – U.S. railroad operator Union Pacific Corporation (NYSE:) reported a 21.5% increase in its first quarter profit Thursday. This was due to higher shipments and increased U.S. manufacturing.
From $1.34billion or $2 per share a year prior, net income for the March 31 quarter was $1.63billion or $2.57/share.
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