Union Pacific posted a third-quarter profit of $2.08 billion, or $3.49 a share, compared with $1.79 billion, or $3.01 a share, a year earlier.
The freight company's higher profit was accompanied by higher revenue, which the company attributed to growth in shipment volumes.
The results reflect a stronger quarter for the railroad operator as demand for freight transportation held up over the period.
The comparison with the prior-year quarter shows year-over-year gains in both total profit and per-share earnings.
Source: Wall Street Journal US Business · Summarized by HeadlinesBriefing