Higher revenues propel Union Pacific’s Q2 profit by 59%

A photograph of a Union Pacific locomotive.

Union Pacific’s net profit for the second quarter of 2021 rose by 59% from a year ago to $1.8 billion amid a 30% increase in operating revenue.

Second-quarter net income was $1.8 billion, or $2.72 per diluted share, compared with $1.1 billion, or $1.67 per diluted share, in the second quarter of 2020.

Operating revenues were $5.5 billion, a 30% increase from the second quarter of 2020. Revenues were higher across all of UP’s (NYSE: UNP) segments as volumes improved from the second quarter of 2020...

https://www.freightwaves.com/news/higher-revenues-propel-union-pacifics-q2-profit-by-59

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