Union Pacific posts record 25pc first quarter profit hike to US$863 million

2012 04 24

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AMERICA's western railway, the Union Pacific, has posted a record 25 per cent year-on-year first quarter profit increase to US$863 million drawn on revenues of $5.1 billion.

During the first quarter revenue per carload rose 12 per cent year-over-year to $2,175 attributed to higher pricing and fuel surcharges.

Omaha-based Union Pacific, America's largest, experienced double digit revenue increases in four of its six business segment despite a decline in agricultural and coal volumes.

Intermodal volume increased one per cent year on year in the same period and double digit volume increase in automotive and industrial product.

Said UP chief executive Jack Koraleski: "We're clearly realising the benefits of our diverse franchise, despite current coal challenges."

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