This story originally appeared on Trains.com.
OMAHA, Neb. – Union Pacific’s profits rose in the second quarter despite a sharp drop in coal traffic.
“When you remove coal, our total volume was up 3% in the second quarter. This demonstrates that even in a tough freight environment, we are winning with our customers to bring new business to the railroad,” CEO Jim Vena said on the company’s earnings call on Thursday morning.
Quarterly operating income increased 9%, to $2.4 billion, as revenue grew...