Union Pacific beats profit estimates on strong freight demand, higher rates - BNN Bloomberg

Union Pacific posted second-quarter profit above Wall Street estimates on Thursday, as higher freight rates and strong demand overshadowed an increase in operating costs. U.S. railroads have capitalized on pricing strength and operational discipline, while efforts to improve network reliability and on-time performance have helped support freight volumes and attract new business. However, elevated fuel costs remain a key challenge for transportation companies after U.S.-Israeli strikes on Iran sent energy prices sharply higher, squeezing margins across sectors from trucking and logistics to a…