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NEWS RELEASE Union Pacific Reports Third Quarter 2021 Results Omaha , Neb . , October 21 , 2021 - Union Pacific Corporation ( NYSE : UNP ) today reported 2021 third quarter net income of $ 1.7 billion , or $ 2.57 per diluted share . This compares to $ 1.4 billion , or $ 2.01 per diluted share , in the third quarter 2020 . " The Union Pacific team successfully navigated global supply chain disruptions , a major bridge outage , and additional weather events to produce strong quarterly revenue growth and financial results , " said Lance Fritz , Union Pacific chairman , president , and chief executive officer . " In the quarter , the team delivered solid core pricing gains , leveraged business development to produce a positive business mix , and generated productivity to offset flat volume . We also set a quarterly record for fuel consumption rate as we continue to make strides towards our goal to reduce our absolute greenhouse gas emissions . As we close out 2021 , we are committed to improving our safety performance and service product to support our customers and the broader supply chain to handle the strong demand for freight transportation . " ● Financial Results : Third Quarter Records for Operating Income , Operating Ratio , Net Income , and Earnings Per Share Third Quarter 2021 Compared to Third Quarter 2020 ● ● UNION PACIFIC BUILDING AMERICAⓇ ● Operating Performance : Quarterly Record for Fuel Consumption Rate ; Third Quarter Record for Workforce Productivity Third Quarter 2021 Compared to Third Quarter 2020 ● Operating revenue of $ 5.6 billion was up 13 % . Business volumes , as measured by total revenue carloads , were flat . Union Pacific's 56.3 % operating ratio improved 240 basis points . Higher fuel prices negatively impacted the operating ratio by 140 basis points . Operating Income of $ 2.4 billion was up 20 % . The company repurchased 8.6 million shares in third quarter 2021 at an aggregate cost of $ 1.8 billion . Network operations challenged by wildfires and other weather events , reflected in quarterly freight car velocity of 195 daily miles per car , a 13 % decline . Quarterly locomotive productivity was 127 gross ton - miles ( GTMs ) per horsepower day , an 8 % decline . Quarterly workforce productivity was 1,044 car miles per employee , a 5 % improvement . Average maximum train length was 9,359 feet , a 4 % increase . Fuel consumption rate , measured in gallons of fuel per thousand GTMs , improved 1 % . -more Union Pacific's year - to - date reportable personal injury rate deteriorated to 1.00 per 200,000 employee - hours compared to 0.90 for year - to - date 2020 .