U-P Says Profit Up In 2nd Quarter Despite Big Jump In Expenses


   The Union Pacific Railroad says its profit rose a bit in the second quarter, but that expenses jumped as the U-P tried to reduce the delivery delays that have left its customers waiting for days and weeks at times. 

     The railroad says profit grew 2% to $1.84 billion dollars or $2.93 per share, beating Wall Street expectations even though its performance disappointed customers. 

      Union Pacific CEO Lance Fritz says the performance did improve somewhat after it imposed limits on the number of cars customers can ship, and he expects the improvement to continue as the railroad hires more workers to handle demand.