Closing Glance: Rails, shippers finish up as oil retreats

NEW YORK—Shares of railroads and shippers mostly closed higher Thursday as the broader market rallied and oil prices pulled back.

Light, sweet crude for June delivery fell 94 cents to settle at $112.52 a barrel on the New York Mercantile Exchange, after trading as low as $110.30.

Here's how major players finished Thursday:

Union Pacific Corp., up $1.44 to $146.63. The stock hit an all-time high of $147.95 earlier in the session.

Burlington Northern Santa Fe Corp., up $2.68, or 2.6 percent, to $105.23. The stock set a new all-time high of $105.75 earlier.

CSX Corp., up $1.60, or 2.5 percent, to $64.55. Shares reached an all-time high of $65.08 earlier in the session.

FedEx Corp., up $2.78, or 2.9 percent, to $98.65.

United Parcel Service Inc., up $1.17, to $73.58.