Thu, Jul 25, 7:30 PM (44 days ago)
Union Pacific Corporation's Q2 2024 report highlights a 1% increase in freight revenues to $5.6 billion, driven by core pricing gains and slight volume increases, despite a decrease in fuel surcharge revenues. Operating expenses decreased by 4% due to productivity improvements and a one-time gain from the sale of intermodal equipment, partially offset by inflation and higher environmental remediation costs. Net income rose to $1.7 billion, with earnings per share increasing to $2.74. The operating ratio improved to 60.0%. Cash provided by operating activities was $4.0 billion, up from $3.9 billion in 2023, with capital investments totaling $1.7 billion. The company maintains strong liquidity with $1.1 billion in cash and $2.0 billion available under its revolving credit facility.