Union Pacific Reaches Highest Since 1980 as Coal Aids Profit
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Union Pacific Corp. rose to the highest since at least 1980 after the railroad’s second-quarter profit beat analysts’ estimates as crude oil shipments increased and coal volumes showed signs of stabilizing.
The shares gained 1.1 percent to $161.36 in New York, the highest closing price in data compiled by Bloomberg that begins in July 1980. They have advanced 28 percent this year, compared with an 18 percent gain for the Standard & Poor’s 500 Index.