Union Pacific
HUTCHINSON, Kan. — Union Pacific released its third quarter numbers on Thursday.
The nation's largest railroad is continuing a strong 2023, where it reported third quarter net income of $1.5 billion, or $2.51 per diluted share.
This compares to 2022 third quarter net income of $1.9 billion, or $3.05 per diluted share.
“We faced many challenges in the quarter, including continued inflationary pressures and a drop in carloads,” said Jim Vena, Union Pacific Chief Executive Officer. “Operationally we gained momentum through the quarter, which positions us to provide our customers with great service. Operating and safety metrics are showing solid improvement, as we increase asset utilization. We are aligning the team around our strategy focused on being the best in safety, service, and operational excellence as we drive growth to the railroad. Through our day-to-day actions, we will continue to make improvements as we exit the year.”
Business volumes, as measured by total revenue carloads, were down 3%.
UP operates about 25 trains per day in Reno County, which include intermodal and grain shipments.
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