Oct 21, 2021 4:14 PM

Union Pacific posts positive third quarter

Posted Oct 21, 2021 4:14 PM

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.

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