Jul 21, 2020

Union Pacific to provide first look into pandemic-driven earnings session

Posted Jul 21, 2020 7:55 PM

HUTCHINSON, Kan. — The first glimpse of what the pandemic has done to major companies with ties to Hutchinson could be revealed on Thursday when Union Pacific releases its second quarter earnings.

The nation's largest railroad reported first quarter net income of $1.5 billion, or $2.15 per diluted share, back in April. But at the time, the railroad noted that it expected carloads to fall by as much as 25% in the following three months.

Union Pacific operates about 25 trains per day through Hutchinson.