Union Pacific Corp

UNP: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Union Pacific Earnings: Intermodal Volume Rebounds Sharply

Matthew Young

Jul 23, 2026

Class I railroad Union Pacific's second-quarter revenue grew 12% year over year on strong intermodal growth, higher carloads, and high-single-digit all-in yield gains (surging fuel surcharges, positive core pricing). Adjusted margin fell, due mostly to fuel noise.

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Union Pacific Corp

Union Pacific Earnings: Intermodal Volume Rebounds Sharply

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