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Union Pacific

The Union Pacific Railroad, headquartered in Omaha, Nebraska, is the largest railroad network in the United States.

Union Pacific 1Q Profit Up 14%

Union Pacific (NYSE:UNP) reported a 14% improvement in its first-quarter earnings, as higher revenue and shipment volumes lifted the railroad operator.The company said Thursday its profit checked in at $1.09 billion, or $2.38 a share, compared to $957 million, or $2.03 a share, in the year-ago period. Operating revenue grew 6.6% to $5.64 billion.The results topped Wall Street's earnings estimate by a penny, while analysts projected better revenue of $5.7 billion.Earlier this year, Union Pacific cautioned investors that a frigid winter and severe snowstorms across the country would damage earnings. But the Omaha, Neb.-based company ultimately posted record results for the first quarter.Chairman and CEO Jack Koraleski said Union Pacific will continue to keep a close eye on weather and economic impacts."As we look forward, we're watching the economy very closely, as well as the potential impacts of weather, particularly on our coal and grain business," Koraleski said in a statement. "Ther...

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