U.S. railroads continued to benefit from shippers shifting cargo to rail from trucks, with Union Pacific, Norfolk Southern and CSX this week posting higher quarterly revenues and profits.
Record fuel prices are pushing freight off US highways and onto trains, helping railroad companies rake in higher revenue and profits as shippers look for cheaper ways to move goods long distances.
Union Pacific reported a 15% jump in third-quarter adjusted profit on Thursday, helped by higher fuel surcharge revenues and core pricing strength, which more than offset cost pressures.
OMAHA, Neb.--(BUSINESS WIRE)--Union Pacific Corporation (NYSE: UNP) today reported third quarter 2026 net income of $2.1 billion, up 16%, and diluted earnings per share (EPS) of $3.49, up 16%, compared to reported third quarter 2025 net income of $1.8 billion and diluted EPS of $3.01. Adjusted third quarter 2026 net income* of $2.1 billion increased 15%, and adjusted diluted EPS* of $3.53 incre...
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