Union Pacific Corporation reported a 7% increase in net income for the fourth quarter of 2024, reaching $1.8 billion, compared to $1.7 billion in the same period last year. Earnings per share (EPS) stood at $2.91, surpassing Wall Street estimates of $2.79. The company achieved a 6% improvement in workforce productivity, measured at 1,062 car miles per employee, and an operating ratio of 58.7%, an improvement of 220 basis points year-over-year. Revenue for the quarter totaled $6.12 billion, slightly below the $6.15 billion estimate, due to lower fuel surcharge revenue and an unfavorable business mix, despite increased rail freight volumes and core pricing gains. Intermodal traffic surged, with international volumes up 26% and domestic volumes benefiting from truck-to-rail conversions. Full-year operating revenue grew 1%, while coal revenue declined 29% in the quarter. Union Pacific maintained its 2025 outlook, expecting high single-digit to low double-digit growth, supported by $1.5 billion in project developments, including initiatives targeting the Gulf Coast. The company also highlighted efficiency gains and continued share repurchases, with plans to buy back $4 billion to $4.5 billion in shares this year. For the full year 2024, net income reached $6.7 billion, up from $6.4 billion in 2023.