HUTCHINSON, Kan. — The earnings parade for the past three months kicks off Thursday when Union Pacific releases its third quarter earnings report. The nation’s largest railroad was hurt by the pandemic in the previous quarter, although the news wasn’t as bad as first predicted.
UP reported second quarter net income of $1.1 billion, or $1.67 per diluted share, compared to $1.6 billion, or $2.22 per diluted share, in the second quarter 2019. Some economic recovery over the past three months may turn things around, but car loads are still expected to be in decline, especially in the energy sector.
Union Pacific operates an average of 25 trains per day in Reno County and carries a total valuation in the county of more than $7.5 million.