Union Pacific Corporation the main rail operator in the western two-thirds of the US, has reported a net income of $1 billion, for the second quarter of 2012,  compared to $785 million for the same period last year.
“We’re clearly delivering on the strength of our diverse franchise,” said Jack Koraleski, Union Pacific chief executive officer. “Volume growth across many of our market sectors offset the 17 percent decline in coal volumes. When combined with solid pricing, efficient network operations and continued productivity gains, the net result was our best-ever quarter by nearly every financial measure.”
Five of Union Pacific’s six business groups reported freight revenue growth:
- Automotive up 25 percent
- Industrial Products up 14 percent
- Chemicals up 13 percent
- Intermodal up 10 percent
- Agricultural up 1 percent
- Coal down 9 percent
