NEWS
Union Pacific 3Q Profit Up 19%
Thu Oct 23, 2014 09:17 AM CDT

OMAHA, Neb. (AP) -- Union Pacific Corp. delivered a 19 percent increase in its third-quarter profit as the railroad hauled 7 percent more freight and increased rates.

"We are optimistic about the remainder of the year," CEO Jack Koraleski said. "Assuming the economy and weather cooperate, we are well positioned to finish up the year with record results."

The Omaha, Nebraska-based railroad said Thursday that it earned $1.37 billion, or $1.53 per share, for the quarter ended Sept. 30. That's up from $1.15 billion, or $1.24 per share, a year ago.

Union Pacific's revenue climbed 11 percent to $6.18 billion ...

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