Freight revenues — Total operating revenues
Union Pacific Freight revenues — Total operating revenues increased by 2.3% to $5.89B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 3.5%, from $5.69B to $5.89B. Over 4 years (FY 2021 to FY 2025), Freight revenues — Total operating revenues shows an upward trend with a 3.5% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase suggests a stronger focus on core rail transportation services, while a decrease may indicate a diversification into non-freight services or a decline in core shipping volumes.
Detailed definition
This metric represents the proportion of total operating revenue derived specifically from the transportation of goods a...
Peer comparison
Most Class I railroads report this as a primary revenue driver, typically ranging between 90% and 95% of total operating revenues.
unp_segment_freight_revenues_total_operating_revenuesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $5.13B | $5.17B | $5.30B | $5.44B | $5.84B | $6.11B | $5.77B | $5.66B | $5.57B | $5.55B | $5.80B | $5.62B | $5.64B | $5.77B | $5.79B | $5.69B | $5.84B | $5.93B | $5.76B | $5.89B |
| QoQ Change | — | +0.7% | +2.5% | +2.7% | +7.4% | +4.6% | -5.6% | -1.9% | -1.5% | -0.4% | +4.6% | -3.2% | +0.4% | +2.3% | +0.4% | -1.7% | +2.7% | +1.4% | -2.8% | +2.3% |
| YoY Change | — | — | — | — | +13.8% | +18.3% | +8.9% | +4.0% | -4.7% | -9.2% | +0.6% | -0.7% | +1.2% | +4.0% | -0.2% | +1.3% | +3.6% | +2.8% | -0.5% | +3.5% |
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Frequently Asked Questions
- What is Union Pacific's freight revenues — total operating revenues?
- Union Pacific (UNP) reported freight revenues — total operating revenues of $5.89B in Q1 2026.
- How has Union Pacific's freight revenues — total operating revenues changed year-over-year?
- Union Pacific's freight revenues — total operating revenues increased by 3.5% year-over-year, from $5.69B to $5.89B.
- What is the long-term trend for Union Pacific's freight revenues — total operating revenues?
- Over 4 years (2021 to 2025), Union Pacific's freight revenues — total operating revenues has grown at a 3.5% compound annual growth rate (CAGR), from $20.24B to $23.22B.
- What does freight revenues — total operating revenues mean?
- The percentage of total company revenue generated directly from hauling freight.