UP’s Fritz: “Second quarter proved very challenging”

July 27, 2020

(Source: Railway Age, July 23, 2020)

NEW YORK — Union Pacific (UP), the fifth Class I to report second-quarter 2020 financials, was hit hard, like most of its peers. Net income of $1.1 billion, or $1.67 per diluted share, was 41% lower than the $1.6 billion, or $2.22 per diluted share, reported in 2Q19.

Full story: Railway Age

Monday, July 27, 2020