Union Pacific quarterly profit rises 21.5% on higher prices, shipments By Reuters


© Reuters. FILE PHOTO: A Union Pacific rail car is parked at the Canadian Pacific Railway (CP Rail) Toronto Yard in Scarborough, Ontario, Canada March 20, 2022. REUTERS/Chris Helgren/File Photo

(Reuters) – U.S. railroad operator Union Pacific Corp (NYSE:) posted a 21.5% rise in first-quarter profit on Thursday, benefiting from higher shipments due to a rise in U.S. factory production and price hikes.

Net income in the quarter ended March 31 rose to $1.63 billion, or $2.57 per share, from $1.34 billion, or $2 per share, a year earlier.

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