UNP · 10-Q · 2026Q3 · Full report

Mexico Freight Growth

UNION PACIFIC CORP · 2026-10-22 · Importance 37 · Surprise 32

Mexico freight revenue increased 9% to $820 million in the third quarter, with volume up 4%. Intermodal, finished vehicles, and construction-related shipments drove growth, partly offset by lower grain and forest product shipments. Year-to-date Mexico freight revenue increased 7% to $2.4 billion, also supported by higher fuel surcharge revenue and volume growth. Increased intermodal, finished vehicles, and grain products shipments more than offset declines in petroleum, auto parts, beverages, and metals.

Key facts

• UNION PACIFIC CORP Mexico freight revenues increased 7% to $2.4 billion year to date in 2026 compared with 2025, with 4% volume growth. source
• UNION PACIFIC CORP Mexico freight revenues increased 9% to $820 million in third-quarter 2026, driven by fuel surcharge revenues and 4% volume growth from increased intermodal, finished vehicles, and construction-related shipments. source