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NEWS RELEASE UNION PACIFIC UNID BUILDING AMERICAⓇ Union Pacific Reports Second Quarter 2021 Results Omaha , Neb . , July 22 , 2021 – Union Pacific Corporation ( NYSE : UNP ) today reported 2021 second quarter net income of $ 1.8 billion , or $ 2.72 per diluted share . This compares to $ 1.1 billion , or $ 1.67 per diluted share , in the second quarter 2020 . " The Union Pacific team leveraged volume growth , core pricing gains , and productivity to produce record quarterly results , ” said Lance Fritz , Union Pacific chairman , president , and chief executive officer . “ 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 . Importantly , these strong results were achieved in a challenging environment as our rail network continues to be impacted by supply chain disruptions , particularly in the Intermodal space . As we move into the second half of 2021 , we will continue working with our customers and the broader supply chain to increase fluidity and efficiently handle the strong demand for freight transportation . " Financial Results : Quarterly Records for Operating Ratio , Operating Income , Net Income , and Earnings Per Share Second Quarter 2021 Compared to Second Quarter 2020 • Operating revenue of $ 5.5 billion was up 30 % . • • • • Business volumes , as measured by total revenue carloads , increased 22 % . Union Pacific's 55.1 % operating ratio improved 590 basis points . Higher fuel prices negatively impacted the operating ratio by 210 basis points . Operating Income of $ 2.5 billion was up 50 % . The company repurchased 12.2 million shares in second quarter 2021 at an aggregate cost of $ 2.7 billion . Operating Performance : Quarterly Records for Workforce Productivity and Train Length ; Second Quarter Records for Locomotive Productivity and Fuel Consumption Rate Second Quarter 2021 Compared to Second Quarter 2020 • • • • • . Quarterly freight car velocity was 213 daily miles per car , a 6 % decline . Quarterly locomotive productivity was 140 gross ton - miles per horsepower day , a 3 % improvement . Average maximum train length was 9,410 feet , a 9 % increase . Fuel consumption rate , measured in gallons of fuel per thousand gross ton - miles ( GTMs ) , improved 3 % . Quarterly workforce productivity was 1,060 car miles per employee , a 22 % improvement . Union Pacific's first half reportable personal injury rate deteriorated to 0.95 per 200,000 employee - hours compared to 0.83 for first half 2020 . -more-