Union Pacific Corp

UNP: XNYS (USA)

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Union Pacific Earnings: Industrial Carloads Accelerate, Margin Progress Resumes

Matthew Young

Apr 23, 2026

Class-I railroad Union Pacific's first-quarter revenue grew 3% year over year on higher all-in yield (healthy core pricing, favorable mix, higher fuel surcharges), partly offset by tough international intermodal comps and lower auto volumes. Adjusted margin gains resumed in the quarter.

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Union Pacific Corp

Union Pacific Earnings: Industrial Carloads Accelerate, Margin Progress Resumes

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