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Union Pacific rate hikes push railroad’s Q1 profit up 22%

A worn Union Pacific Railroad logo is emblazoned on a locomotive sitting in the Jackson, Miss., terminal rail yard, Wednesday, April 20, 2022. Union Pacific hauled in 22% more profit during the first quarter because it charged more and delivered 4% more shipments even as it struggled to clear up congestion along its rail network. The Omaha, Nebraska, railroad said Thursday it earned $1.6 billion, or $2.57 per share. (AP Photo/Rogelio V. Solis) An American flag is emblazoned on this Union Pacific Railroad locomotive sitting in the Jackson, Miss., terminal rail yard, Wednesday, April 20, 2022. Union Pacific hauled in 22% more profit during the first quarter because it charged more and delivered 4% more shipments even as it struggled to clear up congestion along its rail network. The Omaha, Nebraska, railroad said Thursday it earned $1.6 billion, or $2.57 per share. (AP Photo/Rogelio V. Solis)
Union Pacific rate hikes push railroad’s Q1 profit up 22%