Rail Giant Union Pacific Sees Profit Soar 7% in Q4
Strong Grain and Fertilizer Shipments Drive Growth
Union Pacific, the Omaha, Nebraska-based rail giant, announced a 7% increase in fourth-quarter profit, driven by improved grain and fertilizer shipments, as well as core pricing gains. The company’s net income for the quarter reached $1.76 billion, or $2.91 per share, up from $1.65 billion, or $2.71 per share, in 2023.
Intermodal Volumes See 6% Boost
The company’s intermodal volumes also saw a significant increase of 6%, thanks to strong imports through West Coast port gateways. This growth is a testament to Union Pacific’s ability to adapt to changing market conditions and capitalize on opportunities.
Full-Year Results Impressive
For the full year 2024, Union Pacific reported net income of $6.7 billion, or $11.09 per diluted share, up from $6.4 billion, or $10.45 per diluted share, in 2023. This impressive performance is a result of the company’s focus on operational efficiency and strategic investments.
Investors React Positively
Shares of Union Pacific rose more than 4% in pre-market trading, reflecting investor optimism about the company’s future prospects. With its strong performance in Q4 and full-year 2024, Union Pacific is well-positioned to continue driving growth and value for its shareholders.
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