(By M.J. Clark for Wyoming Business Report)
Wyoming’s main rail line, Union Pacific, reported net income of $3.9 billion in 2012, which makes 2012 “Union Pacific’s most profitable year in our 150-year history,” Jack Koraleski, UP’s CEO said in a company release.
The company saw profits increase 7 percent despite a 2 percent drop in total shipping volume, with coal down 17 percent and agricultural shipping down 9 percent. The drop in volume was more than made up for by a rise in shipping rates and the increased traffic in chemicals (up 14 percent) and automotive products (up 9 percent) during the fourth quarter.
Read the full story here.
Related News
- Union Pacific Deemed “Serial Violator” of FRSA, OSHA Slaps Railroad with Hefty Penalty
- Make Plans to Attend a Regional Training Seminar Today!
- Tenacity Yields Strong Contract for Local 1909 School Bus Drivers
- Natick Station Reopens in Massachusetts
- Is Your Family Paying the Price for Your Job?
- Transit Funding Crisis Deepens
- Submit Your Local Pride T-Shirt Design Ideas by August 20!
- UPDATE: Hotel Reservation Deadline Extended for Anaheim Regional Training Seminar
- New SMART Union Mobile App Update Available
- Support SMART-TD Brother Who Lost His Leg in Denver Derailment