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Union Pacific has record quarter

Posted at 9:06 AM, Jul 20, 2018
and last updated 2018-07-20 10:58:22-04

The country's largest rail company Union Pacific reported a net income of 1.5 billion dollars between April and June, giving them record quarterly earnings. 

The 1.5 billion dollars is a 29 percent increase over the second quarter of 2017. The overall revenue and earnings topped analyst predictions. 

The company says increased industrial traffic offset declines in agriculture and energy shipments.