UNP · 10-Q · 2026Q2 · Full report
Mexico Freight Growth
UNION PACIFIC CORP · 2026-07-23 · Importance 54 · Surprise 40 · No source text
Freight revenue from shipments to and from Mexico increased 10% to $828 million in the second quarter and 6% to $1.6 billion year to date. Quarterly growth reflected 5% volume growth, led by increased intermodal, finished vehicles, and grain products shipments. Petroleum and grain shipments partially offset the quarterly increase, while lower auto-parts and beverage shipments weighed on the year-to-date period. Mexico shipments therefore represented a broad-based growth opportunity across intermodal, automotive, and agricultural commodities despite weakness in selected industrial and consumer categories.
Key facts
- Mexico-related freight revenues increased 10% to $828 million in Q2 2026 and 6% to $1.6 billion year-to-date 2026 versus 2025, driven by volume growth of 5% and 4%, respectively, higher fuel surcharge revenues, and core pricing gains. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +1.3% | Mexico-related freight revenues increased 10% to $828 million in Q2 2026 and 6% to $1.6 billion year-to-date 2026 versus 2025, driven by… |
| revenue | positive | realized | +1.1% | Mexico-related freight revenues increased 10% to $828 million in Q2 2026 and 6% to $1.6 billion year-to-date 2026 versus 2025, driven by… |