UNP · 10-Q · 2026Q2 · Full report
Intermodal Market Position
UNION PACIFIC CORP · 2026-07-23 · Importance 59 · Surprise 48
Premium freight revenue increased 21% in the second quarter, with intermodal volume up 4% and domestic intermodal volume up 19%. Domestic intermodal growth reflected business development and reduced truck market capacity, indicating rail captured additional shipments from the trucking market. International intermodal remained weak, with year-to-date carloads down 21% because elevated U.S. West Coast imports in the first half of 2025 created a difficult comparison. Automotive shipments were flat in the quarter as higher finished-vehicle shipments from business development offset lower auto-parts shipments, but year-to-date automotive volume declined 3% on weaker finished-vehicle production and demand.