Closing Glance: Rails rise on 1Q earnings, shippers fall

NEW YORK—Shares of railroads hit highs Friday as investors reacted to several strong recent earnings reports, led by the nation's biggest rail, Union Pacific Corp. Shippers retreated as oil prices rose.

Here's how major players fared Friday:

Union Pacific Corp., closed up $2.55 to $140.59. The rail hit an all-time high of $141.21 earlier in the session.

Burlington Northern Santa Fe Corp., 22 cents to $99.75.

CSX Corp., up $1.17, or 2 percent, to $61.94. The railroad struck an all-time high of $62.02 earlier in the session.

FedEx Corp., down 29 cents to $94.46.

United Parcel Service Inc., down 5 cents to $72.72.

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