Union Pacific reported a 1% increase in first-quarter profit, reaching $1.64 billion or $2.69 per share, compared to last year's $1.63 billion or $2.67 per share. The railroad attributed this growth to cost-cutting measures, particularly in fuel expenses, despite a 1% decrease in shipping volume. Analysts had expected earnings of $2.51 per share.
CEO Jim Vena expressed satisfaction with the company's performance, noting improvements in operational efficiency and network fluidity. The railroad's revenue slightly declined to $6.03 billion from last year's $6.06 billion, but surpassed analysts' expectations of $5.97 billion.
