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Union Pacific profits surge 17%

CEO says firm is benefiting from delays on BNSF’s lines

Posted: July 25, 2014 at 2:03 a.m.

Union Pacific locomotives pull a train in Council Bluffs, Iowa, last month. The railroad said Thursday that its quarterly revenue rose 10 percent to $6.02 billion.

OMAHA, Neb. -- Union Pacific Corp. said Thursday that its quarterly profit climbed 17 percent as the railroad hauled 8 percent more freight and raised shipping rates.

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