By ROD ZOOK
HUTCHINSON, Kan. — After seeing carloads decline under the pressure of the pandemic, it will be interesting to see if Union Pacific is seeing those numbers growing again in the face of the rapidly-moving economy. The push to get goods to shopping-frenzied customers could help the railroad. UP will release its 2Q earnings report Thursday morning.
The nation's largest railroad recorded first quarter net income of $1.4 billion, or $1.93 per diluted share, and operating revenue of $5.4 billion.
Analysts believe the pandemic will still have a negative effect on the railroad even into the second quarter. Estimates have UP’s 2Q revenue to be about $5.25 billion, which would come in below more estimates.
Union Pacific operates about 25 trains per day through Reno County, hauling mostly intermodal and grain traffic.