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Union Pacific Corp. said Thursday its third-quarter net income rose 51% compared with the same quarter last year, to $778 million, or $1.56 a share.

Revenue rose 20% to $4.41 billion, the railroad said in a statement.

The largest North American rail carrier carried 24% more intermodal shipments and boosted that reve by 34% to $880 million.

“Strong volume growth, pricing gains and operating efficiency combined to produce another record quarter for our company,” said CEO Jim Young.