UNP · 10-Q · 2026Q3 · Full report

Intermodal Market Position

UNION PACIFIC CORP · 2026-10-22 · Importance 31 · Surprise 32

Third-quarter intermodal volume increased 11%, with domestic growth supported by business development and reduced truck-market capacity. International intermodal carloads also increased, reflecting improving U.S. West Coast import volume and business development efforts. Year-to-date intermodal volume rose 2% as 13% domestic growth more than offset a 12% decline in international carloads, which reflected elevated U.S. West Coast imports in the first half of 2025. Premium freight revenue increased 21% in the quarter and 12% year to date, with volume growth and core pricing gains partly offset by mix from higher intermodal shipments.

Key facts

• UNION PACIFIC CORP third-quarter 2026 intermodal volume increased 11%, with domestic growth driven by business development and reduced truck market capacity, and higher international carloads due to improving U.S. West Coast import volume and business development. source
• UNION PACIFIC CORP year-to-date 2026 intermodal volume increased 2% compared with 2025, as a 13% increase in domestic intermodal shipments more than offset a 12% decline in international intermodal carloads. source