Union Pacific is working with Morgan Stanley investment bankers to provide guidance on the potential acquisition of another Class I railroad, the online publication Semafor reported on Wednesday, citing people familiar with the matter.

Union Pacific Corp. (UNP) on Thursday reported second-quarter net income of $1.88 billion. The Omaha, Nebraska-based company said it had profit of $3.15 per share.

Union Pacific Corporation (NYSE:UNP) reported second-quarter 2025 earnings that beat analyst forecasts, driven by stronger freight volumes and enhanced operational efficiency. Following the announcement,

Union Pacific revealed the significant investments in its 2023 earnings report, in the face of a decrease in net income. Credit: Drew Halverson/Shutterstock.com US railroad company Union Pacific will invest $3.4bn into its infrastructure, rolling stock and technology over the next year, the company revealed in the details of its 2024 capital plan.