Union Pacific's Q2 results exceeded expectations, with freight volume growth boosting performance

Gelonhui, July 23 | Railway operator Union Pacific announced its second-quarter results: revenue reached $6.9 billion, up 12% year-on-year, exceeding the market expectation of $6.65 billion; adjusted earnings per share were $3.41, also surpassing the market expectation of $3.19. Excluding fuel surcharges, freight revenue rose 4% year-on-year, mainly due to increased freight volume, higher core pricing, and other income growth, partially offset by changes in business structure.