Union Pacific Cites Progress on Fuel-Consumption Goal -- Commodity Comment
22 7월 2021 - 9:48PM
Dow Jones News
By Matt Grossman
Union Pacific Corp. said Thursday that it took steps toward
reducing its fuel consumption in the second quarter, adding that
higher fuel prices hit its bottom line.
On fuel:
"Beyond our strong financial performance, we also made progress
on our goal to reduce our carbon footprint, which includes a 3%
improvement in our fuel consumption rate," the railroad and freight
transportation company said.
"Union Pacific's 55.1% operating ratio improved 590 basis
points. Higher fuel prices negatively impacted the operating ratio
by 210 basis points" in the three months ended June 30.
The average fuel price per gallon consumed rose to $2.16, from
$1.26 a year earlier, a 71% increase, the company said.
"Fuel consumption rate, measured in gallons of fuel per thousand
gross ton-miles, improved 3%."
Write to Matt Grossman at matt.grossman@wsj.com
(END) Dow Jones Newswires
July 22, 2021 08:45 ET (12:45 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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