Union Pacific: Fuel Surcharges

Union Pacific Railroad Dept: OMAHA, Neb. - Union Pacific said Thursday that its second-quarter net income surged 28 per cent, as the nation's largest railroad collected higher prices and fuel surcharges and handled slightly more cargo. Its shares rose 3.5 per cent after hitting an all-time high earlier, according to Winnipeg Free Press. "When we look at the economy we don't really see anything that tells us it's tanking. It continues on kind of a slow-growth trajectory," Koraleski said and fILE- This Thursday, July 12, 2012, file photo, shows a Union Pacific Railroad restored passenger train in Eugene, Ore. Union Pacific said Thursday, July 19, 2012, that its second-quarter net income surged 28 percent, as the nation's largest railroad collected higher prices and fuel surcharges and handled slightly more cargo. Its shares rose 3 percent by midday. AP Photo/The Register-Guard, Kevin Clark, File Major freight railroads such as Union Pacific are watched closely because the cars, chemicals, crops, containers of imported goods and lumber they carry offer insight into the health of the economy. UP CEO Jack Koraleski said he still finds that shipment data encouraging. (www.immigrantscanada.com). As reported in the news.