Union Pacific Corp. today reported 2017 second quarter net income of nearly $1.2 billion, up from about $1 billion in the second quarter 2016.
Union Pacific also reported a second quarter record operating ratio of 61.8 percent, a 3.4 point improvement compared to the second quarter 2016 operating ratio. Other key numbers reported include:
- Diluted earnings per share of $1.45 increased 24 percent.
- Operating income totaled $2.0 billion, up 21 percent.
- Operating ratio of 61.8 percent improved 3.4 points.
“I am pleased with our results through the first six months, and look forward to continuing our momentum through the remainder of the year,” Lance Fritz, Union Pacific chairman, president and chief executive officer, said in a news release. “Guided by our strategic value tracks, our entire team is focused on providing an excellent customer experience while safely and efficiently delivering on our innovative productivity initiatives.”