Union Pacific (NYSE: UNP) on Thursday said fourth-quarter profit increased 7% on improved grain and fertilizer shipments, and core pricing gains.
Net income for the Omaha, Nebraska-based company was $1.76 billion, or $2.91 per share, in the fourth quarter, up from $1.65 billion, or $2.71 per share, in 2023.
Intermodal volumes were 6% better on strong imports through West Coast port gateways.
Net income for all of 2024 was $6.7 billion, or $11.09 per diluted share, from net income of $6.4 billion, or $10.45 per diluted share, in 2023.
Shares rose more than 4% in pre-market trading.
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