Union Pacific Corp. recently reported 2017 first quarter net income of nearly $1.1 billion, while operating revenue of $5.1 billion was up 6 percent in the first quarter 2017 compared to the first quarter 2016.
First quarter business volumes, as measured by total revenue carloads, increased 2 percent compared to 2016, the railroad said. Volume increases in coal, agricultural products and industrial products more than offset declines in chemicals and automotive, while intermodal volume was flat compared to 2016 as increases in international intermodal offset declines in domestic shipments.
“This is a very solid start to the year, especially given the weather challenges we encountered on the Western part of our network earlier in the quarter,” Lance Fritz, Union Pacific chairman, president and chief executive officer, said in a news release.
“In keeping with our strategic value tracks, our engaged employees worked safely and productively under very difficult circumstances during the quarter. As a result, operations were restored quickly as we continued to focus on providing an excellent customer experience.”
