HUTCHINSON, Kan. — Union Pacific Corporation kicked off the latest round of earnings reports for the area with its third quarter numbers.
The nation's largest railroad reported third quarter net income of $1.7 billion, or $2.57 per diluted share. This compares to $1.4 billion, or $2.01 per diluted share, in the third quarter 2020.
The railroad was able to navigate through the global supply chain disruptions, a major bridge outage, and additional weather events to produce a strong quarter.
Operating revenue was $5.6 billion, up 13% although car loadings were flat for the quarter.
UP operates about 25 trains per day through Reno County and is currently finishing up a major siding extension project at Whiteside. The railroad has the fourth highest valuation in the county.
CLICK HERE to download the HutchPost mobile app.
CLICK HERE to sign up for the daily HutchPost email news update.