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Union Pacific profit rises, boosted by higher freight rates
July 18, 2013 / 12:12 PM / 4 years ago

Union Pacific profit rises, boosted by higher freight rates

July 18 (Reuters) - 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 $159.7 Wednesday on the New York Stock Exchange.

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