CHICAGO, Jan 22 (Reuters) - No. 1 U.S. railroad Union Pacific Corp on Thursday reported a 22 percent jump in quarterly profit that beat analyst estimates, driven by rising freight volumes and higher revenue from increased freight rates.
The Omaha, Nebraska-based company reported a net profit for the fourth quarter of $1.43 billion, up 22 percent from $1.17 billion a year earlier.
It earned $1.61 a share in the quarter, a 27 percent increase over the $1.27 a share it earned in the fourth quarter of 2013. Analysts had expected earnings per share of $1.51. (Reporting by Nick Carey; Editing by Bernadette Baum)