Strong Financial Performance
Union Pacific reported Q3 2024 net income of $1.7 billion, up 9% year-over-year, and EPS of $2.75, a 10% improvement. Operating revenue increased by 3%, with freight revenue up 5% excluding fuel surcharges.
Operational Efficiency
The operating ratio improved by 310 basis points to 60.3%. Workforce productivity improved by 12%, and locomotive productivity increased by 5% compared to Q3 2023.
Intermodal and International Growth
International intermodal volume surged by 33% during the quarter, significantly outpacing growth seen in West Coast imports.
Safety and Service Improvements
Year-to-date, both derailment and personal injury rates improved. Freight car velocity increased by 5% to 210 miles per day compared to Q3 2023.