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Union Pacific CEO: Economy To Keep Growing

The economy continues to grow slowly, and the upswing should continue through the rest of the year, Jack Koraleski, Union Pacific CEO, told CNBC’s “Squawk on the Street” on Thursday.

Koraleski spoke hours after Union Pacific (UNP) posted record second-quarter earnings.

For the quarter, the railroad’s net income rose to $1 billion, or $2.10 per share from $785 million, or $1.59 a share, a year before.

Operating revenue rose 7 percent to $5.2 billion, in line with estimates.

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