Railroad operator Union Pacific's quarterly profit rises
The company's bulk shipments, which consists of grain products, fertilizer, coal and renewables, accounted for 32% of total freight revenues in 2024.
Union Pacific, seen as a bellwether for the U.S. economy, has, however, benefited from strong volumes in its grain and grain products segments following a strong harvest season.
The company's quarterly profit rose to $3.15 per share, from $2.74 per share, a year earlier.
The West Coast rail giant has reportedly been in early-stage talks with its East Coast peer, Norfolk Southern (NSC.N), opens new tab, to explore a cross-continental railroad merger, possibly creating a single-line network stretching from coast to coast.
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