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.
Total rail traffic volume in the United States in 2016 was 26,587,351 carloads and intermodal units, down 5 percent or 1,389,323 carloads and intermodal units from the same point last year.
Union Pacific has acquired Railex LLC’s refrigerated and cold storage distribution assets in Delano, Calif.; Wallula, Wash.; and Rotterdam, N.Y. The acquisition does not include Railex Wine Services LLC.