Why Union Pacific Stock Rose Today
Efficiency gains are driving the railroad's earnings higher.
Overview
Shares of Union Pacific (NYSE: UNP) rallied on Thursday after the railroad operator raised its full-year profit growth forecast.
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Union Pacific's operating revenue climbed 12% year over year to $6.9 billion in the second quarter. Excluding fuel surcharges, the railroad giant's freight revenue rose 4%, driven by volume gains and price increases.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.