OMAHA, Neb. -- The harsh winter didn't keep Union Pacific railroad from delivering 14 percent higher quarterly profit as it hauled more agricultural, industrial and coal shipments.
The Omaha, Neb.-based railroad said Thursday that it generated $1.09 billion net income, or $2.38 per share, in the first quarter. That's up from $957 million, or $2.03 per share, a year ago.
Union Pacific's revenue grew 7 percent to $5.64 billion.
Analysts surveyed by FactSet expected Union Pacific to report earnings per share of $2.37 on $5.7 billion revenue.
Union Pacific appeared to handle the weather challenges better than eastern railroad CSX, which reported a 14 percent drop in quarterly profit earlier this week.
Union Pacific Corp. operates 32,400 miles of track in 23 states from the Midwest to the West and Gulf coasts.