HUTCHINSON, Kan. — Earnings for companies with ties to Reno County kick off the first quarter of 2022 on Thursday when Union Pacific releases its numbers.
The nation's largest railroad looks to continue its upward trend since the pandemic after reporting fourth quarter net income of $1.7 billion, or $2.66 per diluted share.
The railroad is suffering from crew shortages due to COVID, which reduced train miles by 12% at the end of 2021, and car loadings fell 4%. Still, the numbers were positive as the railroad tries to get trains moving again.
UP operates about 25 trains per day in Reno County, which include intermodal and grain shipments. The railroad carries the fourth-highest valuation in the county.
CLICK HERE to download the Hutch Post mobile app.
CLICK HERE to sign up for the daily Hutch Post email news update.