Union Pacific 1Q profit increases 43 percent as economy improves and railroad hauls more
By APThursday, April 22, 2010
At a Glance: Union Pacific operations statistics
Union Pacific Corp. reported a 43 percent jump in its first-quarter profit as shipping volume improved. The improved results suggest the economy is strengthening.
Here’s a look at some key operating statistics for the nation’s largest railroad:
SHIPMENTS: The number of carloads Union Pacific hauled grew 13 percent overall to 2.08 million carloads. The only area where volume decreased was in coal where carloads slipped 1 percent.
EFFICIENCY: The number of gross ton-miles per employee grew 16 percent to 5.33.
COSTLY FUEL: Union Pacific consumed 4 percent more fuel, and fuel prices jumped 43 percent to $2.16.
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