Union Pacific reported higher profit and revenue in the second quarter, with earnings boosted by volume growth. The freight company posted a profit of $1.99 billion, or $3.36 a share, for the quarter ended June 30, compared with $1.88 billion, or $3.15 a share, a year earlier. After stripping out one‑time costs, earnings came in at $3.41 a share, topping the Fact Set consensus of $3.24 a share.

Revenue climbed 12% to $6.86 billion, surpassing Wall Street expectations of $6.71 billion. The increase was driven by higher freight volumes, which helped offset any pricing pressures. The company’s performance reflects stronger demand across its rail network.

Analysts noted that the volume growth was a key factor in the better‑than‑expected results, and Union Pacific’s outlook remains optimistic as it continues to capitalize on rising shipment levels. The results underscore the railroad’s ability to leverage operational efficiencies while benefiting from increased cargo movements.