Union Pacific said its second quarter ending June 30 was its most profitable ever.
The Class I railroad had a profit of $1 billion, 28 percent more than the $785 million it earned in the same 2011 period.
Revenue for the quarter was $4.9 billion, 7 percent more than the $4.6 billion recorded in the second quarter of 2011.
“Volume growth across many of our market sectors offset the 17 percent decline in coal volumes,” said Chief Executive Officer Jack Koraleski.
Intermodal revenues were up 10 percent to $1 billion, and benefited by a 3 percent increase in volume and a 7 percent increased in average revenue per container.
UP has record profit in second quarter
