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Union Pacific will report second quarter earnings Thursday

OMAHA, Neb. (AP) — Union Pacific railroad will release its second-quarter earnings report Thursday morning.

The Omaha, Nebraska, based railroad has been cutting costs in response to declining shipments, particularly coal.

All the major railroads have been dealing with weak coal demand for several years as utilities switch to natural gas because of low costs and environmental regulations.

Analysts surveyed by FactSet expect Union Pacific to report earnings per share of $1.16 on $4.781 billion revenue.

Union Pacific operates 32,400 miles of track in 23 states from the Midwest to the West and Gulf coasts.

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