FREIGHT FORTUNES: Union Pacific’s second-quarter profit jumped 28 percent to just over $1 billion because the railroad increased prices and collected more fuel surcharge revenue.
HAPPY HAULER: Union Pacific’s $2.10 per share net income easily topped the $1.97 per share that Wall Street was expecting.
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COAL CRUNCH: The number of coal carloads Union Pacific hauled fell 17 percent in the quarter, but strength in automotive, chemical, industrial and intermodal shipments offset that. Total freight volume increased less than 1 percent to 2.3 million carloads.
