Q2 2026 Earnings

Average Terminal Dwell Time

19.7

OTHER OPERATING/PERFORMANCE AND FINANCIAL STATISTICS We report a number of key performance measures weekly to the STB. We provide these on our website at https://investor.unionpacific.com/key-performance-metrics. Operating/performance statistics Management continuously monitors these key operating metrics to evaluate our operational efficiency in striving to deliver the service product we sold to our customers. Railroad performance measures are included in the table below: Three months ended June 30, | | | Six months ended June 30, 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Gross ton-miles (GTMs) (billions) | | 225.2 | | 220.3 | | 2% | | 445.7 | | 433.1 | | 3% Revenue ton-miles (billions) | | 109.9 | | 107.6 | | 2 | | | | 221.4 | | 211.6 | | 5 Freight car velocity (daily miles per car) | | 231 | | 221 | | 5 | | | | 233 | | 218 | | 7 Average train speed (miles per hour) [a] | | 24.7 | | 23.9 | | 3 | | | | 25.1 | | 23.8 | | 5 Average terminal dwell time (hours) [a] | | 19.7 | | 21.2 | | (7) | | | | 19.7 | | 21.7 | | (9) Locomotive productivity (GTMs per horsepower day) | | 142 | | 141 | | 1 | | | | 143 | | 138 | | 4 Train length (feet) | | 9,890 | | 9,689 | | 2 | | | | 9,819 | | 9,590 | | 2 Intermodal service performance index (%) | | 95 | | | 99 | | | (4) pts | | 96 | | | 96 | | | - pts Manifest service performance index (%) | | 95 | | | 97 | | | (2) pts | | 96 | | | 95 | | | 1 pts Workforce productivity (car miles per employee) | | 1,176 | | 1,124 | | 5 | | | | 1,170 | | 1,108 | | 6 Total employees (average) | | 28,786 | | 29,711 | | (3) | | | | 28,716 | | 29,929 | | (4) Operating ratio (%) | | 59.7 | | | 59.0 | | | 0.7 pts | | 60.1 | | | 59.8 | | | 0.3 pts [a] As reported to the STB. Gross and revenue ton-miles – Gross ton-miles are calculated by multiplying the weight of loaded and empty freight cars by the number of miles hauled. Revenue ton-miles are calculated by multiplying the weight of freight by the number of rate miles. Gross ton-miles and revenue ton-miles both increased 2% in the second quarter of 2026 compared to 2025, consistent with the increase in carloads over the same time period. For the year-to-date period of 2026 compared to 2025, gross ton-miles increased 3% and revenue ton-miles increased 5% while corresponding carloads increased 1%. The variances in gross ton-miles, revenue ton-miles, and carloads was driven by changes in business mix due to higher grain shipments that are generally heavier and decreased intermodal shipments that are generally lighter. Freight car velocity – Freight car velocity measures the average daily miles per car on our network. The two key drivers of this metric are the speed of the train between terminals (average train speed) and the time a rail car spends at the terminals (average terminal dwell time). Freight car velocity increased 5% and 7%, respectively, in the second quarter and year-to-date periods of 2026 compared to 2025 driven by a decrease in terminal dwell combined with train speed improvement in both periods. Locomotive productivity – Locomotive productivity is gross ton-miles per average daily locomotive horsepower available. Locomotive productivity increased 1% and 4%, respectively, in the second quarter and year-to-date periods of 2026, driven by continued network fluidity and asset utilization as the average active fleet decreased 1% and 3%, respectively, even as gross ton-miles increased during both periods. 26 Table of Contents Train length – Train length is the average maximum train length on a route measured in feet. Train length increased 2% in the second quarter and year-to-date periods of 2026 compared to 2025 due to train length improvement initiatives, specifically driven by mainline capacity investments and optimization of the transportation plan, which enabled us to handle more carloads. Service performance index (SPI) – SPI is a ratio of the service customers are currently receiving relative to the best monthly performance over the last three years. Measuring our performance relative to a historical benchmark demonstrates our focus on continuously improving service for our customers. Our SPI is calculated for intermodal and manifest products. Intermodal SPI declined 4 points and was unchanged, respectively, in the second quarter and year-to-date periods of 2026 compared to 2025. Manifest SPI declined 2 points while improving 1 point, respectively, in the second quarter and year-to-date periods of 2026 compared to 2025. The lower SPI results were driven by comparison against a higher benchmark standard. Workforce productivity – Workforce productivity is average daily car miles per employee. Workforce productivity improved 5% and 6%, respectively, in the second quarter and year-to-date periods of 2026 compared to 2025. Increased average daily car miles, which grew 1% in each period, combined with 3% and 4% lower employee levels in the second quarter and year-to-date periods, respectively, drove the improvement. Demonstrating our commitment to meet customer demands while maintaining operational fluidity, we continually align our active train, engine, and yard (TE&Y) workforce. Operating ratio – Operating ratio is our operating expenses reflected as a percentage of operating revenues. For the second quarter and year-to-date periods of 2026, our operating ratio of 59.7% and 60.1% deteriorated 0.7 and 0.3 points, respectively, as the impact of higher fuel prices, inflation, and acquisition-related expenses more than offset core pricing gains, productivity initiatives, and the positive comparison from the $55 million crew staffing agreement ratification charge in 2025.

Average Train Length

9.9K

OTHER OPERATING/PERFORMANCE AND FINANCIAL STATISTICS We report a number of key performance measures weekly to the STB. We provide these on our website at https://investor.unionpacific.com/key-performance-metrics. Operating/performance statistics Management continuously monitors these key operating metrics to evaluate our operational efficiency in striving to deliver the service product we sold to our customers. Railroad performance measures are included in the table below: Three months ended June 30, | | | Six months ended June 30, 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Gross ton-miles (GTMs) (billions) | | 225.2 | | 220.3 | | 2% | | 445.7 | | 433.1 | | 3% Revenue ton-miles (billions) | | 109.9 | | 107.6 | | 2 | | | | 221.4 | | 211.6 | | 5 Freight car velocity (daily miles per car) | | 231 | | 221 | | 5 | | | | 233 | | 218 | | 7 Average train speed (miles per hour) [a] | | 24.7 | | 23.9 | | 3 | | | | 25.1 | | 23.8 | | 5 Average terminal dwell time (hours) [a] | | 19.7 | | 21.2 | | (7) | | | | 19.7 | | 21.7 | | (9) Locomotive productivity (GTMs per horsepower day) | | 142 | | 141 | | 1 | | | | 143 | | 138 | | 4 Train length (feet) | | 9,890 | | 9,689 | | 2 | | | | 9,819 | | 9,590 | | 2 Intermodal service performance index (%) | | 95 | | | 99 | | | (4) pts | | 96 | | | 96 | | | - pts Manifest service performance index (%) | | 95 | | | 97 | | | (2) pts | | 96 | | | 95 | | | 1 pts Workforce productivity (car miles per employee) | | 1,176 | | 1,124 | | 5 | | | | 1,170 | | 1,108 | | 6 Total employees (average) | | 28,786 | | 29,711 | | (3) | | | | 28,716 | | 29,929 | | (4) Operating ratio (%) | | 59.7 | | | 59.0 | | | 0.7 pts | | 60.1 | | | 59.8 | | | 0.3 pts [a] As reported to the STB. Gross and revenue ton-miles – Gross ton-miles are calculated by multiplying the weight of loaded and empty freight cars by the number of miles hauled. Revenue ton-miles are calculated by multiplying the weight of freight by the number of rate miles. Gross ton-miles and revenue ton-miles both increased 2% in the second quarter of 2026 compared to 2025, consistent with the increase in carloads over the same time period. For the year-to-date period of 2026 compared to 2025, gross ton-miles increased 3% and revenue ton-miles increased 5% while corresponding carloads increased 1%. The variances in gross ton-miles, revenue ton-miles, and carloads was driven by changes in business mix due to higher grain shipments that are generally heavier and decreased intermodal shipments that are generally lighter. Freight car velocity – Freight car velocity measures the average daily miles per car on our network. The two key drivers of this metric are the speed of the train between terminals (average train speed) and the time a rail car spends at the terminals (average terminal dwell time). Freight car velocity increased 5% and 7%, respectively, in the second quarter and year-to-date periods of 2026 compared to 2025 driven by a decrease in terminal dwell combined with train speed improvement in both periods. Locomotive productivity – Locomotive productivity is gross ton-miles per average daily locomotive horsepower available. Locomotive productivity increased 1% and 4%, respectively, in the second quarter and year-to-date periods of 2026, driven by continued network fluidity and asset utilization as the average active fleet decreased 1% and 3%, respectively, even as gross ton-miles increased during both periods. 26 Table of Contents Train length – Train length is the average maximum train length on a route measured in feet. Train length increased 2% in the second quarter and year-to-date periods of 2026 compared to 2025 due to train length improvement initiatives, specifically driven by mainline capacity investments and optimization of the transportation plan, which enabled us to handle more carloads. Service performance index (SPI) – SPI is a ratio of the service customers are currently receiving relative to the best monthly performance over the last three years. Measuring our performance relative to a historical benchmark demonstrates our focus on continuously improving service for our customers. Our SPI is calculated for intermodal and manifest products. Intermodal SPI declined 4 points and was unchanged, respectively, in the second quarter and year-to-date periods of 2026 compared to 2025. Manifest SPI declined 2 points while improving 1 point, respectively, in the second quarter and year-to-date periods of 2026 compared to 2025. The lower SPI results were driven by comparison against a higher benchmark standard. Workforce productivity – Workforce productivity is average daily car miles per employee. Workforce productivity improved 5% and 6%, respectively, in the second quarter and year-to-date periods of 2026 compared to 2025. Increased average daily car miles, which grew 1% in each period, combined with 3% and 4% lower employee levels in the second quarter and year-to-date periods, respectively, drove the improvement. Demonstrating our commitment to meet customer demands while maintaining operational fluidity, we continually align our active train, engine, and yard (TE&Y) workforce. Operating ratio – Operating ratio is our operating expenses reflected as a percentage of operating revenues. For the second quarter and year-to-date periods of 2026, our operating ratio of 59.7% and 60.1% deteriorated 0.7 and 0.3 points, respectively, as the impact of higher fuel prices, inflation, and acquisition-related expenses more than offset core pricing gains, productivity initiatives, and the positive comparison from the $55 million crew staffing agreement ratification charge in 2025.

Average Train Speed

24.7

OTHER OPERATING/PERFORMANCE AND FINANCIAL STATISTICS We report a number of key performance measures weekly to the STB. We provide these on our website at https://investor.unionpacific.com/key-performance-metrics. Operating/performance statistics Management continuously monitors these key operating metrics to evaluate our operational efficiency in striving to deliver the service product we sold to our customers. Railroad performance measures are included in the table below: Three months ended June 30, | | | Six months ended June 30, 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Gross ton-miles (GTMs) (billions) | | 225.2 | | 220.3 | | 2% | | 445.7 | | 433.1 | | 3% Revenue ton-miles (billions) | | 109.9 | | 107.6 | | 2 | | | | 221.4 | | 211.6 | | 5 Freight car velocity (daily miles per car) | | 231 | | 221 | | 5 | | | | 233 | | 218 | | 7 Average train speed (miles per hour) [a] | | 24.7 | | 23.9 | | 3 | | | | 25.1 | | 23.8 | | 5 Average terminal dwell time (hours) [a] | | 19.7 | | 21.2 | | (7) | | | | 19.7 | | 21.7 | | (9) Locomotive productivity (GTMs per horsepower day) | | 142 | | 141 | | 1 | | | | 143 | | 138 | | 4 Train length (feet) | | 9,890 | | 9,689 | | 2 | | | | 9,819 | | 9,590 | | 2 Intermodal service performance index (%) | | 95 | | | 99 | | | (4) pts | | 96 | | | 96 | | | - pts Manifest service performance index (%) | | 95 | | | 97 | | | (2) pts | | 96 | | | 95 | | | 1 pts Workforce productivity (car miles per employee) | | 1,176 | | 1,124 | | 5 | | | | 1,170 | | 1,108 | | 6 Total employees (average) | | 28,786 | | 29,711 | | (3) | | | | 28,716 | | 29,929 | | (4) Operating ratio (%) | | 59.7 | | | 59.0 | | | 0.7 pts | | 60.1 | | | 59.8 | | | 0.3 pts [a] As reported to the STB. Gross and revenue ton-miles – Gross ton-miles are calculated by multiplying the weight of loaded and empty freight cars by the number of miles hauled. Revenue ton-miles are calculated by multiplying the weight of freight by the number of rate miles. Gross ton-miles and revenue ton-miles both increased 2% in the second quarter of 2026 compared to 2025, consistent with the increase in carloads over the same time period. For the year-to-date period of 2026 compared to 2025, gross ton-miles increased 3% and revenue ton-miles increased 5% while corresponding carloads increased 1%. The variances in gross ton-miles, revenue ton-miles, and carloads was driven by changes in business mix due to higher grain shipments that are generally heavier and decreased intermodal shipments that are generally lighter. Freight car velocity – Freight car velocity measures the average daily miles per car on our network. The two key drivers of this metric are the speed of the train between terminals (average train speed) and the time a rail car spends at the terminals (average terminal dwell time). Freight car velocity increased 5% and 7%, respectively, in the second quarter and year-to-date periods of 2026 compared to 2025 driven by a decrease in terminal dwell combined with train speed improvement in both periods. Locomotive productivity – Locomotive productivity is gross ton-miles per average daily locomotive horsepower available. Locomotive productivity increased 1% and 4%, respectively, in the second quarter and year-to-date periods of 2026, driven by continued network fluidity and asset utilization as the average active fleet decreased 1% and 3%, respectively, even as gross ton-miles increased during both periods. 26 Table of Contents Train length – Train length is the average maximum train length on a route measured in feet. Train length increased 2% in the second quarter and year-to-date periods of 2026 compared to 2025 due to train length improvement initiatives, specifically driven by mainline capacity investments and optimization of the transportation plan, which enabled us to handle more carloads. Service performance index (SPI) – SPI is a ratio of the service customers are currently receiving relative to the best monthly performance over the last three years. Measuring our performance relative to a historical benchmark demonstrates our focus on continuously improving service for our customers. Our SPI is calculated for intermodal and manifest products. Intermodal SPI declined 4 points and was unchanged, respectively, in the second quarter and year-to-date periods of 2026 compared to 2025. Manifest SPI declined 2 points while improving 1 point, respectively, in the second quarter and year-to-date periods of 2026 compared to 2025. The lower SPI results were driven by comparison against a higher benchmark standard. Workforce productivity – Workforce productivity is average daily car miles per employee. Workforce productivity improved 5% and 6%, respectively, in the second quarter and year-to-date periods of 2026 compared to 2025. Increased average daily car miles, which grew 1% in each period, combined with 3% and 4% lower employee levels in the second quarter and year-to-date periods, respectively, drove the improvement. Demonstrating our commitment to meet customer demands while maintaining operational fluidity, we continually align our active train, engine, and yard (TE&Y) workforce. Operating ratio – Operating ratio is our operating expenses reflected as a percentage of operating revenues. For the second quarter and year-to-date periods of 2026, our operating ratio of 59.7% and 60.1% deteriorated 0.7 and 0.3 points, respectively, as the impact of higher fuel prices, inflation, and acquisition-related expenses more than offset core pricing gains, productivity initiatives, and the positive comparison from the $55 million crew staffing agreement ratification charge in 2025.

Freight Car Velocity

231

OTHER OPERATING/PERFORMANCE AND FINANCIAL STATISTICS We report a number of key performance measures weekly to the STB. We provide these on our website at https://investor.unionpacific.com/key-performance-metrics. Operating/performance statistics Management continuously monitors these key operating metrics to evaluate our operational efficiency in striving to deliver the service product we sold to our customers. Railroad performance measures are included in the table below: Three months ended June 30, | | | Six months ended June 30, 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Gross ton-miles (GTMs) (billions) | | 225.2 | | 220.3 | | 2% | | 445.7 | | 433.1 | | 3% Revenue ton-miles (billions) | | 109.9 | | 107.6 | | 2 | | | | 221.4 | | 211.6 | | 5 Freight car velocity (daily miles per car) | | 231 | | 221 | | 5 | | | | 233 | | 218 | | 7 Average train speed (miles per hour) [a] | | 24.7 | | 23.9 | | 3 | | | | 25.1 | | 23.8 | | 5 Average terminal dwell time (hours) [a] | | 19.7 | | 21.2 | | (7) | | | | 19.7 | | 21.7 | | (9) Locomotive productivity (GTMs per horsepower day) | | 142 | | 141 | | 1 | | | | 143 | | 138 | | 4 Train length (feet) | | 9,890 | | 9,689 | | 2 | | | | 9,819 | | 9,590 | | 2 Intermodal service performance index (%) | | 95 | | | 99 | | | (4) pts | | 96 | | | 96 | | | - pts Manifest service performance index (%) | | 95 | | | 97 | | | (2) pts | | 96 | | | 95 | | | 1 pts Workforce productivity (car miles per employee) | | 1,176 | | 1,124 | | 5 | | | | 1,170 | | 1,108 | | 6 Total employees (average) | | 28,786 | | 29,711 | | (3) | | | | 28,716 | | 29,929 | | (4) Operating ratio (%) | | 59.7 | | | 59.0 | | | 0.7 pts | | 60.1 | | | 59.8 | | | 0.3 pts [a] As reported to the STB. Gross and revenue ton-miles – Gross ton-miles are calculated by multiplying the weight of loaded and empty freight cars by the number of miles hauled. Revenue ton-miles are calculated by multiplying the weight of freight by the number of rate miles. Gross ton-miles and revenue ton-miles both increased 2% in the second quarter of 2026 compared to 2025, consistent with the increase in carloads over the same time period. For the year-to-date period of 2026 compared to 2025, gross ton-miles increased 3% and revenue ton-miles increased 5% while corresponding carloads increased 1%. The variances in gross ton-miles, revenue ton-miles, and carloads was driven by changes in business mix due to higher grain shipments that are generally heavier and decreased intermodal shipments that are generally lighter. Freight car velocity – Freight car velocity measures the average daily miles per car on our network. The two key drivers of this metric are the speed of the train between terminals (average train speed) and the time a rail car spends at the terminals (average terminal dwell time). Freight car velocity increased 5% and 7%, respectively, in the second quarter and year-to-date periods of 2026 compared to 2025 driven by a decrease in terminal dwell combined with train speed improvement in both periods. Locomotive productivity – Locomotive productivity is gross ton-miles per average daily locomotive horsepower available. Locomotive productivity increased 1% and 4%, respectively, in the second quarter and year-to-date periods of 2026, driven by continued network fluidity and asset utilization as the average active fleet decreased 1% and 3%, respectively, even as gross ton-miles increased during both periods. 26 Table of Contents Train length – Train length is the average maximum train length on a route measured in feet. Train length increased 2% in the second quarter and year-to-date periods of 2026 compared to 2025 due to train length improvement initiatives, specifically driven by mainline capacity investments and optimization of the transportation plan, which enabled us to handle more carloads. Service performance index (SPI) – SPI is a ratio of the service customers are currently receiving relative to the best monthly performance over the last three years. Measuring our performance relative to a historical benchmark demonstrates our focus on continuously improving service for our customers. Our SPI is calculated for intermodal and manifest products. Intermodal SPI declined 4 points and was unchanged, respectively, in the second quarter and year-to-date periods of 2026 compared to 2025. Manifest SPI declined 2 points while improving 1 point, respectively, in the second quarter and year-to-date periods of 2026 compared to 2025. The lower SPI results were driven by comparison against a higher benchmark standard. Workforce productivity – Workforce productivity is average daily car miles per employee. Workforce productivity improved 5% and 6%, respectively, in the second quarter and year-to-date periods of 2026 compared to 2025. Increased average daily car miles, which grew 1% in each period, combined with 3% and 4% lower employee levels in the second quarter and year-to-date periods, respectively, drove the improvement. Demonstrating our commitment to meet customer demands while maintaining operational fluidity, we continually align our active train, engine, and yard (TE&Y) workforce. Operating ratio – Operating ratio is our operating expenses reflected as a percentage of operating revenues. For the second quarter and year-to-date periods of 2026, our operating ratio of 59.7% and 60.1% deteriorated 0.7 and 0.3 points, respectively, as the impact of higher fuel prices, inflation, and acquisition-related expenses more than offset core pricing gains, productivity initiatives, and the positive comparison from the $55 million crew staffing agreement ratification charge in 2025.

Gross Ton-Miles

225.2

OTHER OPERATING/PERFORMANCE AND FINANCIAL STATISTICS We report a number of key performance measures weekly to the STB. We provide these on our website at https://investor.unionpacific.com/key-performance-metrics. Operating/performance statistics Management continuously monitors these key operating metrics to evaluate our operational efficiency in striving to deliver the service product we sold to our customers. Railroad performance measures are included in the table below: Three months ended June 30, | | | Six months ended June 30, 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Gross ton-miles (GTMs) (billions) | | 225.2 | | 220.3 | | 2% | | 445.7 | | 433.1 | | 3% Revenue ton-miles (billions) | | 109.9 | | 107.6 | | 2 | | | | 221.4 | | 211.6 | | 5 Freight car velocity (daily miles per car) | | 231 | | 221 | | 5 | | | | 233 | | 218 | | 7 Average train speed (miles per hour) [a] | | 24.7 | | 23.9 | | 3 | | | | 25.1 | | 23.8 | | 5 Average terminal dwell time (hours) [a] | | 19.7 | | 21.2 | | (7) | | | | 19.7 | | 21.7 | | (9) Locomotive productivity (GTMs per horsepower day) | | 142 | | 141 | | 1 | | | | 143 | | 138 | | 4 Train length (feet) | | 9,890 | | 9,689 | | 2 | | | | 9,819 | | 9,590 | | 2 Intermodal service performance index (%) | | 95 | | | 99 | | | (4) pts | | 96 | | | 96 | | | - pts Manifest service performance index (%) | | 95 | | | 97 | | | (2) pts | | 96 | | | 95 | | | 1 pts Workforce productivity (car miles per employee) | | 1,176 | | 1,124 | | 5 | | | | 1,170 | | 1,108 | | 6 Total employees (average) | | 28,786 | | 29,711 | | (3) | | | | 28,716 | | 29,929 | | (4) Operating ratio (%) | | 59.7 | | | 59.0 | | | 0.7 pts | | 60.1 | | | 59.8 | | | 0.3 pts [a] As reported to the STB. Gross and revenue ton-miles – Gross ton-miles are calculated by multiplying the weight of loaded and empty freight cars by the number of miles hauled. Revenue ton-miles are calculated by multiplying the weight of freight by the number of rate miles. Gross ton-miles and revenue ton-miles both increased 2% in the second quarter of 2026 compared to 2025, consistent with the increase in carloads over the same time period. For the year-to-date period of 2026 compared to 2025, gross ton-miles increased 3% and revenue ton-miles increased 5% while corresponding carloads increased 1%. The variances in gross ton-miles, revenue ton-miles, and carloads was driven by changes in business mix due to higher grain shipments that are generally heavier and decreased intermodal shipments that are generally lighter. Freight car velocity – Freight car velocity measures the average daily miles per car on our network. The two key drivers of this metric are the speed of the train between terminals (average train speed) and the time a rail car spends at the terminals (average terminal dwell time). Freight car velocity increased 5% and 7%, respectively, in the second quarter and year-to-date periods of 2026 compared to 2025 driven by a decrease in terminal dwell combined with train speed improvement in both periods. Locomotive productivity – Locomotive productivity is gross ton-miles per average daily locomotive horsepower available. Locomotive productivity increased 1% and 4%, respectively, in the second quarter and year-to-date periods of 2026, driven by continued network fluidity and asset utilization as the average active fleet decreased 1% and 3%, respectively, even as gross ton-miles increased during both periods. 26 Table of Contents Train length – Train length is the average maximum train length on a route measured in feet. Train length increased 2% in the second quarter and year-to-date periods of 2026 compared to 2025 due to train length improvement initiatives, specifically driven by mainline capacity investments and optimization of the transportation plan, which enabled us to handle more carloads. Service performance index (SPI) – SPI is a ratio of the service customers are currently receiving relative to the best monthly performance over the last three years. Measuring our performance relative to a historical benchmark demonstrates our focus on continuously improving service for our customers. Our SPI is calculated for intermodal and manifest products. Intermodal SPI declined 4 points and was unchanged, respectively, in the second quarter and year-to-date periods of 2026 compared to 2025. Manifest SPI declined 2 points while improving 1 point, respectively, in the second quarter and year-to-date periods of 2026 compared to 2025. The lower SPI results were driven by comparison against a higher benchmark standard. Workforce productivity – Workforce productivity is average daily car miles per employee. Workforce productivity improved 5% and 6%, respectively, in the second quarter and year-to-date periods of 2026 compared to 2025. Increased average daily car miles, which grew 1% in each period, combined with 3% and 4% lower employee levels in the second quarter and year-to-date periods, respectively, drove the improvement. Demonstrating our commitment to meet customer demands while maintaining operational fluidity, we continually align our active train, engine, and yard (TE&Y) workforce. Operating ratio – Operating ratio is our operating expenses reflected as a percentage of operating revenues. For the second quarter and year-to-date periods of 2026, our operating ratio of 59.7% and 60.1% deteriorated 0.7 and 0.3 points, respectively, as the impact of higher fuel prices, inflation, and acquisition-related expenses more than offset core pricing gains, productivity initiatives, and the positive comparison from the $55 million crew staffing agreement ratification charge in 2025.

Revenue Ton-Miles

109.9

OTHER OPERATING/PERFORMANCE AND FINANCIAL STATISTICS We report a number of key performance measures weekly to the STB. We provide these on our website at https://investor.unionpacific.com/key-performance-metrics. Operating/performance statistics Management continuously monitors these key operating metrics to evaluate our operational efficiency in striving to deliver the service product we sold to our customers. Railroad performance measures are included in the table below: Three months ended June 30, | | | Six months ended June 30, 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Gross ton-miles (GTMs) (billions) | | 225.2 | | 220.3 | | 2% | | 445.7 | | 433.1 | | 3% Revenue ton-miles (billions) | | 109.9 | | 107.6 | | 2 | | | | 221.4 | | 211.6 | | 5 Freight car velocity (daily miles per car) | | 231 | | 221 | | 5 | | | | 233 | | 218 | | 7 Average train speed (miles per hour) [a] | | 24.7 | | 23.9 | | 3 | | | | 25.1 | | 23.8 | | 5 Average terminal dwell time (hours) [a] | | 19.7 | | 21.2 | | (7) | | | | 19.7 | | 21.7 | | (9) Locomotive productivity (GTMs per horsepower day) | | 142 | | 141 | | 1 | | | | 143 | | 138 | | 4 Train length (feet) | | 9,890 | | 9,689 | | 2 | | | | 9,819 | | 9,590 | | 2 Intermodal service performance index (%) | | 95 | | | 99 | | | (4) pts | | 96 | | | 96 | | | - pts Manifest service performance index (%) | | 95 | | | 97 | | | (2) pts | | 96 | | | 95 | | | 1 pts Workforce productivity (car miles per employee) | | 1,176 | | 1,124 | | 5 | | | | 1,170 | | 1,108 | | 6 Total employees (average) | | 28,786 | | 29,711 | | (3) | | | | 28,716 | | 29,929 | | (4) Operating ratio (%) | | 59.7 | | | 59.0 | | | 0.7 pts | | 60.1 | | | 59.8 | | | 0.3 pts [a] As reported to the STB. Gross and revenue ton-miles – Gross ton-miles are calculated by multiplying the weight of loaded and empty freight cars by the number of miles hauled. Revenue ton-miles are calculated by multiplying the weight of freight by the number of rate miles. Gross ton-miles and revenue ton-miles both increased 2% in the second quarter of 2026 compared to 2025, consistent with the increase in carloads over the same time period. For the year-to-date period of 2026 compared to 2025, gross ton-miles increased 3% and revenue ton-miles increased 5% while corresponding carloads increased 1%. The variances in gross ton-miles, revenue ton-miles, and carloads was driven by changes in business mix due to higher grain shipments that are generally heavier and decreased intermodal shipments that are generally lighter. Freight car velocity – Freight car velocity measures the average daily miles per car on our network. The two key drivers of this metric are the speed of the train between terminals (average train speed) and the time a rail car spends at the terminals (average terminal dwell time). Freight car velocity increased 5% and 7%, respectively, in the second quarter and year-to-date periods of 2026 compared to 2025 driven by a decrease in terminal dwell combined with train speed improvement in both periods. Locomotive productivity – Locomotive productivity is gross ton-miles per average daily locomotive horsepower available. Locomotive productivity increased 1% and 4%, respectively, in the second quarter and year-to-date periods of 2026, driven by continued network fluidity and asset utilization as the average active fleet decreased 1% and 3%, respectively, even as gross ton-miles increased during both periods. 26 Table of Contents Train length – Train length is the average maximum train length on a route measured in feet. Train length increased 2% in the second quarter and year-to-date periods of 2026 compared to 2025 due to train length improvement initiatives, specifically driven by mainline capacity investments and optimization of the transportation plan, which enabled us to handle more carloads. Service performance index (SPI) – SPI is a ratio of the service customers are currently receiving relative to the best monthly performance over the last three years. Measuring our performance relative to a historical benchmark demonstrates our focus on continuously improving service for our customers. Our SPI is calculated for intermodal and manifest products. Intermodal SPI declined 4 points and was unchanged, respectively, in the second quarter and year-to-date periods of 2026 compared to 2025. Manifest SPI declined 2 points while improving 1 point, respectively, in the second quarter and year-to-date periods of 2026 compared to 2025. The lower SPI results were driven by comparison against a higher benchmark standard. Workforce productivity – Workforce productivity is average daily car miles per employee. Workforce productivity improved 5% and 6%, respectively, in the second quarter and year-to-date periods of 2026 compared to 2025. Increased average daily car miles, which grew 1% in each period, combined with 3% and 4% lower employee levels in the second quarter and year-to-date periods, respectively, drove the improvement. Demonstrating our commitment to meet customer demands while maintaining operational fluidity, we continually align our active train, engine, and yard (TE&Y) workforce. Operating ratio – Operating ratio is our operating expenses reflected as a percentage of operating revenues. For the second quarter and year-to-date periods of 2026, our operating ratio of 59.7% and 60.1% deteriorated 0.7 and 0.3 points, respectively, as the impact of higher fuel prices, inflation, and acquisition-related expenses more than offset core pricing gains, productivity initiatives, and the positive comparison from the $55 million crew staffing agreement ratification charge in 2025.

Operating Ratio

59.7%

OTHER OPERATING/PERFORMANCE AND FINANCIAL STATISTICS We report a number of key performance measures weekly to the STB. We provide these on our website at https://investor.unionpacific.com/key-performance-metrics. Operating/performance statistics Management continuously monitors these key operating metrics to evaluate our operational efficiency in striving to deliver the service product we sold to our customers. Railroad performance measures are included in the table below: Three months ended June 30, | | | Six months ended June 30, 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Gross ton-miles (GTMs) (billions) | | 225.2 | | 220.3 | | 2% | | 445.7 | | 433.1 | | 3% Revenue ton-miles (billions) | | 109.9 | | 107.6 | | 2 | | | | 221.4 | | 211.6 | | 5 Freight car velocity (daily miles per car) | | 231 | | 221 | | 5 | | | | 233 | | 218 | | 7 Average train speed (miles per hour) [a] | | 24.7 | | 23.9 | | 3 | | | | 25.1 | | 23.8 | | 5 Average terminal dwell time (hours) [a] | | 19.7 | | 21.2 | | (7) | | | | 19.7 | | 21.7 | | (9) Locomotive productivity (GTMs per horsepower day) | | 142 | | 141 | | 1 | | | | 143 | | 138 | | 4 Train length (feet) | | 9,890 | | 9,689 | | 2 | | | | 9,819 | | 9,590 | | 2 Intermodal service performance index (%) | | 95 | | | 99 | | | (4) pts | | 96 | | | 96 | | | - pts Manifest service performance index (%) | | 95 | | | 97 | | | (2) pts | | 96 | | | 95 | | | 1 pts Workforce productivity (car miles per employee) | | 1,176 | | 1,124 | | 5 | | | | 1,170 | | 1,108 | | 6 Total employees (average) | | 28,786 | | 29,711 | | (3) | | | | 28,716 | | 29,929 | | (4) Operating ratio (%) | | 59.7 | | | 59.0 | | | 0.7 pts | | 60.1 | | | 59.8 | | | 0.3 pts [a] As reported to the STB. Gross and revenue ton-miles – Gross ton-miles are calculated by multiplying the weight of loaded and empty freight cars by the number of miles hauled. Revenue ton-miles are calculated by multiplying the weight of freight by the number of rate miles. Gross ton-miles and revenue ton-miles both increased 2% in the second quarter of 2026 compared to 2025, consistent with the increase in carloads over the same time period. For the year-to-date period of 2026 compared to 2025, gross ton-miles increased 3% and revenue ton-miles increased 5% while corresponding carloads increased 1%. The variances in gross ton-miles, revenue ton-miles, and carloads was driven by changes in business mix due to higher grain shipments that are generally heavier and decreased intermodal shipments that are generally lighter. Freight car velocity – Freight car velocity measures the average daily miles per car on our network. The two key drivers of this metric are the speed of the train between terminals (average train speed) and the time a rail car spends at the terminals (average terminal dwell time). Freight car velocity increased 5% and 7%, respectively, in the second quarter and year-to-date periods of 2026 compared to 2025 driven by a decrease in terminal dwell combined with train speed improvement in both periods. Locomotive productivity – Locomotive productivity is gross ton-miles per average daily locomotive horsepower available. Locomotive productivity increased 1% and 4%, respectively, in the second quarter and year-to-date periods of 2026, driven by continued network fluidity and asset utilization as the average active fleet decreased 1% and 3%, respectively, even as gross ton-miles increased during both periods. 26 Table of Contents Train length – Train length is the average maximum train length on a route measured in feet. Train length increased 2% in the second quarter and year-to-date periods of 2026 compared to 2025 due to train length improvement initiatives, specifically driven by mainline capacity investments and optimization of the transportation plan, which enabled us to handle more carloads. Service performance index (SPI) – SPI is a ratio of the service customers are currently receiving relative to the best monthly performance over the last three years. Measuring our performance relative to a historical benchmark demonstrates our focus on continuously improving service for our customers. Our SPI is calculated for intermodal and manifest products. Intermodal SPI declined 4 points and was unchanged, respectively, in the second quarter and year-to-date periods of 2026 compared to 2025. Manifest SPI declined 2 points while improving 1 point, respectively, in the second quarter and year-to-date periods of 2026 compared to 2025. The lower SPI results were driven by comparison against a higher benchmark standard. Workforce productivity – Workforce productivity is average daily car miles per employee. Workforce productivity improved 5% and 6%, respectively, in the second quarter and year-to-date periods of 2026 compared to 2025. Increased average daily car miles, which grew 1% in each period, combined with 3% and 4% lower employee levels in the second quarter and year-to-date periods, respectively, drove the improvement. Demonstrating our commitment to meet customer demands while maintaining operational fluidity, we continually align our active train, engine, and yard (TE&Y) workforce. Operating ratio – Operating ratio is our operating expenses reflected as a percentage of operating revenues. For the second quarter and year-to-date periods of 2026, our operating ratio of 59.7% and 60.1% deteriorated 0.7 and 0.3 points, respectively, as the impact of higher fuel prices, inflation, and acquisition-related expenses more than offset core pricing gains, productivity initiatives, and the positive comparison from the $55 million crew staffing agreement ratification charge in 2025.

Average Locomotive Diesel Fuel Price

$3.86

Fuel – Fuel includes locomotive fuel and gasoline for highway and non-highway vehicles and heavy equipment. Fuel expense increased in both the second quarter and year-to-date periods of 2026 compared to the same periods in 2025 driven by higher locomotive diesel fuel prices and increased gross ton-miles, partially offset by improvement in the fuel consumption rate (computed as gallons of fuel consumed divided by gross ton-miles in thousands), which improved 1% and 2%, respectively. Locomotive diesel fuel prices averaged $3.86 and $3.27 per gallon (including taxes and transportation costs) in the second quarter and year-to-date periods of 2026 compared to $2.42 and $2.46 per gallon in the corresponding periods of 2025.

Automotive Average Revenue per Car

$3,350

Revenue carloads | | Three months ended June 30, | | | Six months ended June 30, Thousands | | 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | 242 | | | 216 | | | 12 % | | 485 | | | 430 | | | 13 % Fertilizer | | 54 | | | 55 | | | (2) | | | | 106 | | | 104 | | | 2 Food & refrigerated | | 42 | | | 43 | | | (2) | | | | 81 | | | 86 | | | (6) Coal & renewables | | 176 | | | 205 | | | (14) | | | | 390 | | | 390 | | | - Bulk | | 514 | | | 519 | | | (1) | | | | 1,062 | | | 1,010 | | | 5 Industrial chemicals & plastics | | 183 | | | 177 | | | 3 | | | | 364 | | | 346 | | | 5 Metals & minerals | | 196 | | | 191 | | | 3 | | | | 379 | | | 365 | | | 4 Forest products | | 53 | | | 52 | | | 2 | | | | 102 | | | 103 | | | (1) Energy & specialized markets | | 154 | | | 149 | | | 3 | | | | 301 | | | 292 | | | 3 Industrial | | 586 | | | 569 | | | 3 | | | | 1,146 | | | 1,106 | | | 4 Automotive | | 210 | | | 209 | | | - | | | | 393 | | | 404 | | | (3) Intermodal [a] | | 853 | | | 817 | | | 4 | | | | 1,645 | | | 1,691 | | | (3) Premium | | 1,063 | | | 1,026 | | | 4 | | | | 2,038 | | | 2,095 | | | (3) Total | | 2,163 | | | 2,114 | | | 2 % | | 4,246 | | | 4,211 | | | 1 % Average revenue per car | | Three months ended June 30, | | | Six months ended June 30, 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | $ | | 4,568 | | | $ | | 4,467 | | | 2 % | | $ | | 4,456 | | | $ | | 4,451 | | | - % Fertilizer | | 3,995 | | | 3,627 | | | 10 | | | | 4,273 | | | 3,959 | | | 8 Food & refrigerated | | 6,474 | | | 6,237 | | | 4 | | | | 6,445 | | | 6,147 | | | 5 Coal & renewables | | 2,546 | | | 2,283 | | | 12 | | | | 2,395 | | | 2,267 | | | 6 Bulk | | 3,971 | | | 3,659 | | | 9 | | | | 3,831 | | | 3,700 | | | 4 Industrial chemicals & plastics | | 3,739 | | | 3,647 | | | 3 | | | | 3,680 | | | 3,625 | | | 2 Metals & minerals | | 3,179 | | | 2,950 | | | 8 | | | | 3,106 | | | 2,967 | | | 5 Forest products | | 6,686 | | | 6,508 | | | 3 | | | | 6,599 | | | 6,387 | | | 3 Energy & specialized markets | | 4,711 | | | 4,439 | | | 6 | | | | 4,610 | | | 4,436 | | | 4 Industrial | | 4,075 | | | 3,885 | | | 5 | | | | 3,995 | | | 3,881 | | | 3 Automotive | | 3,350 | | | 3,034 | | | 10 | | | | 3,214 | | | 3,004 | | | 7 Intermodal [a] | | 1,626 | | | 1,345 | | | 21 | | | | 1,521 | | | 1,355 | | | 12 Premium | | 1,966 | | | 1,688 | | | 16 | | | | 1,847 | | | 1,673 | | | 10 Average | | $ | | 3,014 | | | $ | | 2,764 | | | 9 % | | $ | | 2,923 | | | $ | | 2,739 | | | 7 % [a] For intermodal shipments each container or trailer equals one carload.

Average Average Revenue per Car

$3,014

Revenue carloads | | Three months ended June 30, | | | Six months ended June 30, Thousands | | 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | 242 | | | 216 | | | 12 % | | 485 | | | 430 | | | 13 % Fertilizer | | 54 | | | 55 | | | (2) | | | | 106 | | | 104 | | | 2 Food & refrigerated | | 42 | | | 43 | | | (2) | | | | 81 | | | 86 | | | (6) Coal & renewables | | 176 | | | 205 | | | (14) | | | | 390 | | | 390 | | | - Bulk | | 514 | | | 519 | | | (1) | | | | 1,062 | | | 1,010 | | | 5 Industrial chemicals & plastics | | 183 | | | 177 | | | 3 | | | | 364 | | | 346 | | | 5 Metals & minerals | | 196 | | | 191 | | | 3 | | | | 379 | | | 365 | | | 4 Forest products | | 53 | | | 52 | | | 2 | | | | 102 | | | 103 | | | (1) Energy & specialized markets | | 154 | | | 149 | | | 3 | | | | 301 | | | 292 | | | 3 Industrial | | 586 | | | 569 | | | 3 | | | | 1,146 | | | 1,106 | | | 4 Automotive | | 210 | | | 209 | | | - | | | | 393 | | | 404 | | | (3) Intermodal [a] | | 853 | | | 817 | | | 4 | | | | 1,645 | | | 1,691 | | | (3) Premium | | 1,063 | | | 1,026 | | | 4 | | | | 2,038 | | | 2,095 | | | (3) Total | | 2,163 | | | 2,114 | | | 2 % | | 4,246 | | | 4,211 | | | 1 % Average revenue per car | | Three months ended June 30, | | | Six months ended June 30, 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | $ | | 4,568 | | | $ | | 4,467 | | | 2 % | | $ | | 4,456 | | | $ | | 4,451 | | | - % Fertilizer | | 3,995 | | | 3,627 | | | 10 | | | | 4,273 | | | 3,959 | | | 8 Food & refrigerated | | 6,474 | | | 6,237 | | | 4 | | | | 6,445 | | | 6,147 | | | 5 Coal & renewables | | 2,546 | | | 2,283 | | | 12 | | | | 2,395 | | | 2,267 | | | 6 Bulk | | 3,971 | | | 3,659 | | | 9 | | | | 3,831 | | | 3,700 | | | 4 Industrial chemicals & plastics | | 3,739 | | | 3,647 | | | 3 | | | | 3,680 | | | 3,625 | | | 2 Metals & minerals | | 3,179 | | | 2,950 | | | 8 | | | | 3,106 | | | 2,967 | | | 5 Forest products | | 6,686 | | | 6,508 | | | 3 | | | | 6,599 | | | 6,387 | | | 3 Energy & specialized markets | | 4,711 | | | 4,439 | | | 6 | | | | 4,610 | | | 4,436 | | | 4 Industrial | | 4,075 | | | 3,885 | | | 5 | | | | 3,995 | | | 3,881 | | | 3 Automotive | | 3,350 | | | 3,034 | | | 10 | | | | 3,214 | | | 3,004 | | | 7 Intermodal [a] | | 1,626 | | | 1,345 | | | 21 | | | | 1,521 | | | 1,355 | | | 12 Premium | | 1,966 | | | 1,688 | | | 16 | | | | 1,847 | | | 1,673 | | | 10 Average | | $ | | 3,014 | | | $ | | 2,764 | | | 9 % | | $ | | 2,923 | | | $ | | 2,739 | | | 7 % [a] For intermodal shipments each container or trailer equals one carload.

Bulk Average Revenue per Car

$3,971

Revenue carloads | | Three months ended June 30, | | | Six months ended June 30, Thousands | | 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | 242 | | | 216 | | | 12 % | | 485 | | | 430 | | | 13 % Fertilizer | | 54 | | | 55 | | | (2) | | | | 106 | | | 104 | | | 2 Food & refrigerated | | 42 | | | 43 | | | (2) | | | | 81 | | | 86 | | | (6) Coal & renewables | | 176 | | | 205 | | | (14) | | | | 390 | | | 390 | | | - Bulk | | 514 | | | 519 | | | (1) | | | | 1,062 | | | 1,010 | | | 5 Industrial chemicals & plastics | | 183 | | | 177 | | | 3 | | | | 364 | | | 346 | | | 5 Metals & minerals | | 196 | | | 191 | | | 3 | | | | 379 | | | 365 | | | 4 Forest products | | 53 | | | 52 | | | 2 | | | | 102 | | | 103 | | | (1) Energy & specialized markets | | 154 | | | 149 | | | 3 | | | | 301 | | | 292 | | | 3 Industrial | | 586 | | | 569 | | | 3 | | | | 1,146 | | | 1,106 | | | 4 Automotive | | 210 | | | 209 | | | - | | | | 393 | | | 404 | | | (3) Intermodal [a] | | 853 | | | 817 | | | 4 | | | | 1,645 | | | 1,691 | | | (3) Premium | | 1,063 | | | 1,026 | | | 4 | | | | 2,038 | | | 2,095 | | | (3) Total | | 2,163 | | | 2,114 | | | 2 % | | 4,246 | | | 4,211 | | | 1 % Average revenue per car | | Three months ended June 30, | | | Six months ended June 30, 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | $ | | 4,568 | | | $ | | 4,467 | | | 2 % | | $ | | 4,456 | | | $ | | 4,451 | | | - % Fertilizer | | 3,995 | | | 3,627 | | | 10 | | | | 4,273 | | | 3,959 | | | 8 Food & refrigerated | | 6,474 | | | 6,237 | | | 4 | | | | 6,445 | | | 6,147 | | | 5 Coal & renewables | | 2,546 | | | 2,283 | | | 12 | | | | 2,395 | | | 2,267 | | | 6 Bulk | | 3,971 | | | 3,659 | | | 9 | | | | 3,831 | | | 3,700 | | | 4 Industrial chemicals & plastics | | 3,739 | | | 3,647 | | | 3 | | | | 3,680 | | | 3,625 | | | 2 Metals & minerals | | 3,179 | | | 2,950 | | | 8 | | | | 3,106 | | | 2,967 | | | 5 Forest products | | 6,686 | | | 6,508 | | | 3 | | | | 6,599 | | | 6,387 | | | 3 Energy & specialized markets | | 4,711 | | | 4,439 | | | 6 | | | | 4,610 | | | 4,436 | | | 4 Industrial | | 4,075 | | | 3,885 | | | 5 | | | | 3,995 | | | 3,881 | | | 3 Automotive | | 3,350 | | | 3,034 | | | 10 | | | | 3,214 | | | 3,004 | | | 7 Intermodal [a] | | 1,626 | | | 1,345 | | | 21 | | | | 1,521 | | | 1,355 | | | 12 Premium | | 1,966 | | | 1,688 | | | 16 | | | | 1,847 | | | 1,673 | | | 10 Average | | $ | | 3,014 | | | $ | | 2,764 | | | 9 % | | $ | | 2,923 | | | $ | | 2,739 | | | 7 % [a] For intermodal shipments each container or trailer equals one carload.

Coal & Renewables Average Revenue per Car

$2,546

Revenue carloads | | Three months ended June 30, | | | Six months ended June 30, Thousands | | 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | 242 | | | 216 | | | 12 % | | 485 | | | 430 | | | 13 % Fertilizer | | 54 | | | 55 | | | (2) | | | | 106 | | | 104 | | | 2 Food & refrigerated | | 42 | | | 43 | | | (2) | | | | 81 | | | 86 | | | (6) Coal & renewables | | 176 | | | 205 | | | (14) | | | | 390 | | | 390 | | | - Bulk | | 514 | | | 519 | | | (1) | | | | 1,062 | | | 1,010 | | | 5 Industrial chemicals & plastics | | 183 | | | 177 | | | 3 | | | | 364 | | | 346 | | | 5 Metals & minerals | | 196 | | | 191 | | | 3 | | | | 379 | | | 365 | | | 4 Forest products | | 53 | | | 52 | | | 2 | | | | 102 | | | 103 | | | (1) Energy & specialized markets | | 154 | | | 149 | | | 3 | | | | 301 | | | 292 | | | 3 Industrial | | 586 | | | 569 | | | 3 | | | | 1,146 | | | 1,106 | | | 4 Automotive | | 210 | | | 209 | | | - | | | | 393 | | | 404 | | | (3) Intermodal [a] | | 853 | | | 817 | | | 4 | | | | 1,645 | | | 1,691 | | | (3) Premium | | 1,063 | | | 1,026 | | | 4 | | | | 2,038 | | | 2,095 | | | (3) Total | | 2,163 | | | 2,114 | | | 2 % | | 4,246 | | | 4,211 | | | 1 % Average revenue per car | | Three months ended June 30, | | | Six months ended June 30, 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | $ | | 4,568 | | | $ | | 4,467 | | | 2 % | | $ | | 4,456 | | | $ | | 4,451 | | | - % Fertilizer | | 3,995 | | | 3,627 | | | 10 | | | | 4,273 | | | 3,959 | | | 8 Food & refrigerated | | 6,474 | | | 6,237 | | | 4 | | | | 6,445 | | | 6,147 | | | 5 Coal & renewables | | 2,546 | | | 2,283 | | | 12 | | | | 2,395 | | | 2,267 | | | 6 Bulk | | 3,971 | | | 3,659 | | | 9 | | | | 3,831 | | | 3,700 | | | 4 Industrial chemicals & plastics | | 3,739 | | | 3,647 | | | 3 | | | | 3,680 | | | 3,625 | | | 2 Metals & minerals | | 3,179 | | | 2,950 | | | 8 | | | | 3,106 | | | 2,967 | | | 5 Forest products | | 6,686 | | | 6,508 | | | 3 | | | | 6,599 | | | 6,387 | | | 3 Energy & specialized markets | | 4,711 | | | 4,439 | | | 6 | | | | 4,610 | | | 4,436 | | | 4 Industrial | | 4,075 | | | 3,885 | | | 5 | | | | 3,995 | | | 3,881 | | | 3 Automotive | | 3,350 | | | 3,034 | | | 10 | | | | 3,214 | | | 3,004 | | | 7 Intermodal [a] | | 1,626 | | | 1,345 | | | 21 | | | | 1,521 | | | 1,355 | | | 12 Premium | | 1,966 | | | 1,688 | | | 16 | | | | 1,847 | | | 1,673 | | | 10 Average | | $ | | 3,014 | | | $ | | 2,764 | | | 9 % | | $ | | 2,923 | | | $ | | 2,739 | | | 7 % [a] For intermodal shipments each container or trailer equals one carload.

Energy & Specialized Markets Average Revenue per Car

$4,711

Revenue carloads | | Three months ended June 30, | | | Six months ended June 30, Thousands | | 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | 242 | | | 216 | | | 12 % | | 485 | | | 430 | | | 13 % Fertilizer | | 54 | | | 55 | | | (2) | | | | 106 | | | 104 | | | 2 Food & refrigerated | | 42 | | | 43 | | | (2) | | | | 81 | | | 86 | | | (6) Coal & renewables | | 176 | | | 205 | | | (14) | | | | 390 | | | 390 | | | - Bulk | | 514 | | | 519 | | | (1) | | | | 1,062 | | | 1,010 | | | 5 Industrial chemicals & plastics | | 183 | | | 177 | | | 3 | | | | 364 | | | 346 | | | 5 Metals & minerals | | 196 | | | 191 | | | 3 | | | | 379 | | | 365 | | | 4 Forest products | | 53 | | | 52 | | | 2 | | | | 102 | | | 103 | | | (1) Energy & specialized markets | | 154 | | | 149 | | | 3 | | | | 301 | | | 292 | | | 3 Industrial | | 586 | | | 569 | | | 3 | | | | 1,146 | | | 1,106 | | | 4 Automotive | | 210 | | | 209 | | | - | | | | 393 | | | 404 | | | (3) Intermodal [a] | | 853 | | | 817 | | | 4 | | | | 1,645 | | | 1,691 | | | (3) Premium | | 1,063 | | | 1,026 | | | 4 | | | | 2,038 | | | 2,095 | | | (3) Total | | 2,163 | | | 2,114 | | | 2 % | | 4,246 | | | 4,211 | | | 1 % Average revenue per car | | Three months ended June 30, | | | Six months ended June 30, 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | $ | | 4,568 | | | $ | | 4,467 | | | 2 % | | $ | | 4,456 | | | $ | | 4,451 | | | - % Fertilizer | | 3,995 | | | 3,627 | | | 10 | | | | 4,273 | | | 3,959 | | | 8 Food & refrigerated | | 6,474 | | | 6,237 | | | 4 | | | | 6,445 | | | 6,147 | | | 5 Coal & renewables | | 2,546 | | | 2,283 | | | 12 | | | | 2,395 | | | 2,267 | | | 6 Bulk | | 3,971 | | | 3,659 | | | 9 | | | | 3,831 | | | 3,700 | | | 4 Industrial chemicals & plastics | | 3,739 | | | 3,647 | | | 3 | | | | 3,680 | | | 3,625 | | | 2 Metals & minerals | | 3,179 | | | 2,950 | | | 8 | | | | 3,106 | | | 2,967 | | | 5 Forest products | | 6,686 | | | 6,508 | | | 3 | | | | 6,599 | | | 6,387 | | | 3 Energy & specialized markets | | 4,711 | | | 4,439 | | | 6 | | | | 4,610 | | | 4,436 | | | 4 Industrial | | 4,075 | | | 3,885 | | | 5 | | | | 3,995 | | | 3,881 | | | 3 Automotive | | 3,350 | | | 3,034 | | | 10 | | | | 3,214 | | | 3,004 | | | 7 Intermodal [a] | | 1,626 | | | 1,345 | | | 21 | | | | 1,521 | | | 1,355 | | | 12 Premium | | 1,966 | | | 1,688 | | | 16 | | | | 1,847 | | | 1,673 | | | 10 Average | | $ | | 3,014 | | | $ | | 2,764 | | | 9 % | | $ | | 2,923 | | | $ | | 2,739 | | | 7 % [a] For intermodal shipments each container or trailer equals one carload.

Fertilizer Average Revenue per Car

$3,995

Revenue carloads | | Three months ended June 30, | | | Six months ended June 30, Thousands | | 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | 242 | | | 216 | | | 12 % | | 485 | | | 430 | | | 13 % Fertilizer | | 54 | | | 55 | | | (2) | | | | 106 | | | 104 | | | 2 Food & refrigerated | | 42 | | | 43 | | | (2) | | | | 81 | | | 86 | | | (6) Coal & renewables | | 176 | | | 205 | | | (14) | | | | 390 | | | 390 | | | - Bulk | | 514 | | | 519 | | | (1) | | | | 1,062 | | | 1,010 | | | 5 Industrial chemicals & plastics | | 183 | | | 177 | | | 3 | | | | 364 | | | 346 | | | 5 Metals & minerals | | 196 | | | 191 | | | 3 | | | | 379 | | | 365 | | | 4 Forest products | | 53 | | | 52 | | | 2 | | | | 102 | | | 103 | | | (1) Energy & specialized markets | | 154 | | | 149 | | | 3 | | | | 301 | | | 292 | | | 3 Industrial | | 586 | | | 569 | | | 3 | | | | 1,146 | | | 1,106 | | | 4 Automotive | | 210 | | | 209 | | | - | | | | 393 | | | 404 | | | (3) Intermodal [a] | | 853 | | | 817 | | | 4 | | | | 1,645 | | | 1,691 | | | (3) Premium | | 1,063 | | | 1,026 | | | 4 | | | | 2,038 | | | 2,095 | | | (3) Total | | 2,163 | | | 2,114 | | | 2 % | | 4,246 | | | 4,211 | | | 1 % Average revenue per car | | Three months ended June 30, | | | Six months ended June 30, 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | $ | | 4,568 | | | $ | | 4,467 | | | 2 % | | $ | | 4,456 | | | $ | | 4,451 | | | - % Fertilizer | | 3,995 | | | 3,627 | | | 10 | | | | 4,273 | | | 3,959 | | | 8 Food & refrigerated | | 6,474 | | | 6,237 | | | 4 | | | | 6,445 | | | 6,147 | | | 5 Coal & renewables | | 2,546 | | | 2,283 | | | 12 | | | | 2,395 | | | 2,267 | | | 6 Bulk | | 3,971 | | | 3,659 | | | 9 | | | | 3,831 | | | 3,700 | | | 4 Industrial chemicals & plastics | | 3,739 | | | 3,647 | | | 3 | | | | 3,680 | | | 3,625 | | | 2 Metals & minerals | | 3,179 | | | 2,950 | | | 8 | | | | 3,106 | | | 2,967 | | | 5 Forest products | | 6,686 | | | 6,508 | | | 3 | | | | 6,599 | | | 6,387 | | | 3 Energy & specialized markets | | 4,711 | | | 4,439 | | | 6 | | | | 4,610 | | | 4,436 | | | 4 Industrial | | 4,075 | | | 3,885 | | | 5 | | | | 3,995 | | | 3,881 | | | 3 Automotive | | 3,350 | | | 3,034 | | | 10 | | | | 3,214 | | | 3,004 | | | 7 Intermodal [a] | | 1,626 | | | 1,345 | | | 21 | | | | 1,521 | | | 1,355 | | | 12 Premium | | 1,966 | | | 1,688 | | | 16 | | | | 1,847 | | | 1,673 | | | 10 Average | | $ | | 3,014 | | | $ | | 2,764 | | | 9 % | | $ | | 2,923 | | | $ | | 2,739 | | | 7 % [a] For intermodal shipments each container or trailer equals one carload.

Food & Refrigerated Average Revenue per Car

$6,474

Revenue carloads | | Three months ended June 30, | | | Six months ended June 30, Thousands | | 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | 242 | | | 216 | | | 12 % | | 485 | | | 430 | | | 13 % Fertilizer | | 54 | | | 55 | | | (2) | | | | 106 | | | 104 | | | 2 Food & refrigerated | | 42 | | | 43 | | | (2) | | | | 81 | | | 86 | | | (6) Coal & renewables | | 176 | | | 205 | | | (14) | | | | 390 | | | 390 | | | - Bulk | | 514 | | | 519 | | | (1) | | | | 1,062 | | | 1,010 | | | 5 Industrial chemicals & plastics | | 183 | | | 177 | | | 3 | | | | 364 | | | 346 | | | 5 Metals & minerals | | 196 | | | 191 | | | 3 | | | | 379 | | | 365 | | | 4 Forest products | | 53 | | | 52 | | | 2 | | | | 102 | | | 103 | | | (1) Energy & specialized markets | | 154 | | | 149 | | | 3 | | | | 301 | | | 292 | | | 3 Industrial | | 586 | | | 569 | | | 3 | | | | 1,146 | | | 1,106 | | | 4 Automotive | | 210 | | | 209 | | | - | | | | 393 | | | 404 | | | (3) Intermodal [a] | | 853 | | | 817 | | | 4 | | | | 1,645 | | | 1,691 | | | (3) Premium | | 1,063 | | | 1,026 | | | 4 | | | | 2,038 | | | 2,095 | | | (3) Total | | 2,163 | | | 2,114 | | | 2 % | | 4,246 | | | 4,211 | | | 1 % Average revenue per car | | Three months ended June 30, | | | Six months ended June 30, 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | $ | | 4,568 | | | $ | | 4,467 | | | 2 % | | $ | | 4,456 | | | $ | | 4,451 | | | - % Fertilizer | | 3,995 | | | 3,627 | | | 10 | | | | 4,273 | | | 3,959 | | | 8 Food & refrigerated | | 6,474 | | | 6,237 | | | 4 | | | | 6,445 | | | 6,147 | | | 5 Coal & renewables | | 2,546 | | | 2,283 | | | 12 | | | | 2,395 | | | 2,267 | | | 6 Bulk | | 3,971 | | | 3,659 | | | 9 | | | | 3,831 | | | 3,700 | | | 4 Industrial chemicals & plastics | | 3,739 | | | 3,647 | | | 3 | | | | 3,680 | | | 3,625 | | | 2 Metals & minerals | | 3,179 | | | 2,950 | | | 8 | | | | 3,106 | | | 2,967 | | | 5 Forest products | | 6,686 | | | 6,508 | | | 3 | | | | 6,599 | | | 6,387 | | | 3 Energy & specialized markets | | 4,711 | | | 4,439 | | | 6 | | | | 4,610 | | | 4,436 | | | 4 Industrial | | 4,075 | | | 3,885 | | | 5 | | | | 3,995 | | | 3,881 | | | 3 Automotive | | 3,350 | | | 3,034 | | | 10 | | | | 3,214 | | | 3,004 | | | 7 Intermodal [a] | | 1,626 | | | 1,345 | | | 21 | | | | 1,521 | | | 1,355 | | | 12 Premium | | 1,966 | | | 1,688 | | | 16 | | | | 1,847 | | | 1,673 | | | 10 Average | | $ | | 3,014 | | | $ | | 2,764 | | | 9 % | | $ | | 2,923 | | | $ | | 2,739 | | | 7 % [a] For intermodal shipments each container or trailer equals one carload.

Forest Products Average Revenue per Car

$6,686

Revenue carloads | | Three months ended June 30, | | | Six months ended June 30, Thousands | | 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | 242 | | | 216 | | | 12 % | | 485 | | | 430 | | | 13 % Fertilizer | | 54 | | | 55 | | | (2) | | | | 106 | | | 104 | | | 2 Food & refrigerated | | 42 | | | 43 | | | (2) | | | | 81 | | | 86 | | | (6) Coal & renewables | | 176 | | | 205 | | | (14) | | | | 390 | | | 390 | | | - Bulk | | 514 | | | 519 | | | (1) | | | | 1,062 | | | 1,010 | | | 5 Industrial chemicals & plastics | | 183 | | | 177 | | | 3 | | | | 364 | | | 346 | | | 5 Metals & minerals | | 196 | | | 191 | | | 3 | | | | 379 | | | 365 | | | 4 Forest products | | 53 | | | 52 | | | 2 | | | | 102 | | | 103 | | | (1) Energy & specialized markets | | 154 | | | 149 | | | 3 | | | | 301 | | | 292 | | | 3 Industrial | | 586 | | | 569 | | | 3 | | | | 1,146 | | | 1,106 | | | 4 Automotive | | 210 | | | 209 | | | - | | | | 393 | | | 404 | | | (3) Intermodal [a] | | 853 | | | 817 | | | 4 | | | | 1,645 | | | 1,691 | | | (3) Premium | | 1,063 | | | 1,026 | | | 4 | | | | 2,038 | | | 2,095 | | | (3) Total | | 2,163 | | | 2,114 | | | 2 % | | 4,246 | | | 4,211 | | | 1 % Average revenue per car | | Three months ended June 30, | | | Six months ended June 30, 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | $ | | 4,568 | | | $ | | 4,467 | | | 2 % | | $ | | 4,456 | | | $ | | 4,451 | | | - % Fertilizer | | 3,995 | | | 3,627 | | | 10 | | | | 4,273 | | | 3,959 | | | 8 Food & refrigerated | | 6,474 | | | 6,237 | | | 4 | | | | 6,445 | | | 6,147 | | | 5 Coal & renewables | | 2,546 | | | 2,283 | | | 12 | | | | 2,395 | | | 2,267 | | | 6 Bulk | | 3,971 | | | 3,659 | | | 9 | | | | 3,831 | | | 3,700 | | | 4 Industrial chemicals & plastics | | 3,739 | | | 3,647 | | | 3 | | | | 3,680 | | | 3,625 | | | 2 Metals & minerals | | 3,179 | | | 2,950 | | | 8 | | | | 3,106 | | | 2,967 | | | 5 Forest products | | 6,686 | | | 6,508 | | | 3 | | | | 6,599 | | | 6,387 | | | 3 Energy & specialized markets | | 4,711 | | | 4,439 | | | 6 | | | | 4,610 | | | 4,436 | | | 4 Industrial | | 4,075 | | | 3,885 | | | 5 | | | | 3,995 | | | 3,881 | | | 3 Automotive | | 3,350 | | | 3,034 | | | 10 | | | | 3,214 | | | 3,004 | | | 7 Intermodal [a] | | 1,626 | | | 1,345 | | | 21 | | | | 1,521 | | | 1,355 | | | 12 Premium | | 1,966 | | | 1,688 | | | 16 | | | | 1,847 | | | 1,673 | | | 10 Average | | $ | | 3,014 | | | $ | | 2,764 | | | 9 % | | $ | | 2,923 | | | $ | | 2,739 | | | 7 % [a] For intermodal shipments each container or trailer equals one carload.

Grain & Grain Products Average Revenue per Car

$4,568

Revenue carloads | | Three months ended June 30, | | | Six months ended June 30, Thousands | | 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | 242 | | | 216 | | | 12 % | | 485 | | | 430 | | | 13 % Fertilizer | | 54 | | | 55 | | | (2) | | | | 106 | | | 104 | | | 2 Food & refrigerated | | 42 | | | 43 | | | (2) | | | | 81 | | | 86 | | | (6) Coal & renewables | | 176 | | | 205 | | | (14) | | | | 390 | | | 390 | | | - Bulk | | 514 | | | 519 | | | (1) | | | | 1,062 | | | 1,010 | | | 5 Industrial chemicals & plastics | | 183 | | | 177 | | | 3 | | | | 364 | | | 346 | | | 5 Metals & minerals | | 196 | | | 191 | | | 3 | | | | 379 | | | 365 | | | 4 Forest products | | 53 | | | 52 | | | 2 | | | | 102 | | | 103 | | | (1) Energy & specialized markets | | 154 | | | 149 | | | 3 | | | | 301 | | | 292 | | | 3 Industrial | | 586 | | | 569 | | | 3 | | | | 1,146 | | | 1,106 | | | 4 Automotive | | 210 | | | 209 | | | - | | | | 393 | | | 404 | | | (3) Intermodal [a] | | 853 | | | 817 | | | 4 | | | | 1,645 | | | 1,691 | | | (3) Premium | | 1,063 | | | 1,026 | | | 4 | | | | 2,038 | | | 2,095 | | | (3) Total | | 2,163 | | | 2,114 | | | 2 % | | 4,246 | | | 4,211 | | | 1 % Average revenue per car | | Three months ended June 30, | | | Six months ended June 30, 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | $ | | 4,568 | | | $ | | 4,467 | | | 2 % | | $ | | 4,456 | | | $ | | 4,451 | | | - % Fertilizer | | 3,995 | | | 3,627 | | | 10 | | | | 4,273 | | | 3,959 | | | 8 Food & refrigerated | | 6,474 | | | 6,237 | | | 4 | | | | 6,445 | | | 6,147 | | | 5 Coal & renewables | | 2,546 | | | 2,283 | | | 12 | | | | 2,395 | | | 2,267 | | | 6 Bulk | | 3,971 | | | 3,659 | | | 9 | | | | 3,831 | | | 3,700 | | | 4 Industrial chemicals & plastics | | 3,739 | | | 3,647 | | | 3 | | | | 3,680 | | | 3,625 | | | 2 Metals & minerals | | 3,179 | | | 2,950 | | | 8 | | | | 3,106 | | | 2,967 | | | 5 Forest products | | 6,686 | | | 6,508 | | | 3 | | | | 6,599 | | | 6,387 | | | 3 Energy & specialized markets | | 4,711 | | | 4,439 | | | 6 | | | | 4,610 | | | 4,436 | | | 4 Industrial | | 4,075 | | | 3,885 | | | 5 | | | | 3,995 | | | 3,881 | | | 3 Automotive | | 3,350 | | | 3,034 | | | 10 | | | | 3,214 | | | 3,004 | | | 7 Intermodal [a] | | 1,626 | | | 1,345 | | | 21 | | | | 1,521 | | | 1,355 | | | 12 Premium | | 1,966 | | | 1,688 | | | 16 | | | | 1,847 | | | 1,673 | | | 10 Average | | $ | | 3,014 | | | $ | | 2,764 | | | 9 % | | $ | | 2,923 | | | $ | | 2,739 | | | 7 % [a] For intermodal shipments each container or trailer equals one carload.

Industrial Average Revenue per Car

$4,075

Revenue carloads | | Three months ended June 30, | | | Six months ended June 30, Thousands | | 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | 242 | | | 216 | | | 12 % | | 485 | | | 430 | | | 13 % Fertilizer | | 54 | | | 55 | | | (2) | | | | 106 | | | 104 | | | 2 Food & refrigerated | | 42 | | | 43 | | | (2) | | | | 81 | | | 86 | | | (6) Coal & renewables | | 176 | | | 205 | | | (14) | | | | 390 | | | 390 | | | - Bulk | | 514 | | | 519 | | | (1) | | | | 1,062 | | | 1,010 | | | 5 Industrial chemicals & plastics | | 183 | | | 177 | | | 3 | | | | 364 | | | 346 | | | 5 Metals & minerals | | 196 | | | 191 | | | 3 | | | | 379 | | | 365 | | | 4 Forest products | | 53 | | | 52 | | | 2 | | | | 102 | | | 103 | | | (1) Energy & specialized markets | | 154 | | | 149 | | | 3 | | | | 301 | | | 292 | | | 3 Industrial | | 586 | | | 569 | | | 3 | | | | 1,146 | | | 1,106 | | | 4 Automotive | | 210 | | | 209 | | | - | | | | 393 | | | 404 | | | (3) Intermodal [a] | | 853 | | | 817 | | | 4 | | | | 1,645 | | | 1,691 | | | (3) Premium | | 1,063 | | | 1,026 | | | 4 | | | | 2,038 | | | 2,095 | | | (3) Total | | 2,163 | | | 2,114 | | | 2 % | | 4,246 | | | 4,211 | | | 1 % Average revenue per car | | Three months ended June 30, | | | Six months ended June 30, 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | $ | | 4,568 | | | $ | | 4,467 | | | 2 % | | $ | | 4,456 | | | $ | | 4,451 | | | - % Fertilizer | | 3,995 | | | 3,627 | | | 10 | | | | 4,273 | | | 3,959 | | | 8 Food & refrigerated | | 6,474 | | | 6,237 | | | 4 | | | | 6,445 | | | 6,147 | | | 5 Coal & renewables | | 2,546 | | | 2,283 | | | 12 | | | | 2,395 | | | 2,267 | | | 6 Bulk | | 3,971 | | | 3,659 | | | 9 | | | | 3,831 | | | 3,700 | | | 4 Industrial chemicals & plastics | | 3,739 | | | 3,647 | | | 3 | | | | 3,680 | | | 3,625 | | | 2 Metals & minerals | | 3,179 | | | 2,950 | | | 8 | | | | 3,106 | | | 2,967 | | | 5 Forest products | | 6,686 | | | 6,508 | | | 3 | | | | 6,599 | | | 6,387 | | | 3 Energy & specialized markets | | 4,711 | | | 4,439 | | | 6 | | | | 4,610 | | | 4,436 | | | 4 Industrial | | 4,075 | | | 3,885 | | | 5 | | | | 3,995 | | | 3,881 | | | 3 Automotive | | 3,350 | | | 3,034 | | | 10 | | | | 3,214 | | | 3,004 | | | 7 Intermodal [a] | | 1,626 | | | 1,345 | | | 21 | | | | 1,521 | | | 1,355 | | | 12 Premium | | 1,966 | | | 1,688 | | | 16 | | | | 1,847 | | | 1,673 | | | 10 Average | | $ | | 3,014 | | | $ | | 2,764 | | | 9 % | | $ | | 2,923 | | | $ | | 2,739 | | | 7 % [a] For intermodal shipments each container or trailer equals one carload.

Industrial Chemicals & Plastics Average Revenue per Car

$3,739

Revenue carloads | | Three months ended June 30, | | | Six months ended June 30, Thousands | | 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | 242 | | | 216 | | | 12 % | | 485 | | | 430 | | | 13 % Fertilizer | | 54 | | | 55 | | | (2) | | | | 106 | | | 104 | | | 2 Food & refrigerated | | 42 | | | 43 | | | (2) | | | | 81 | | | 86 | | | (6) Coal & renewables | | 176 | | | 205 | | | (14) | | | | 390 | | | 390 | | | - Bulk | | 514 | | | 519 | | | (1) | | | | 1,062 | | | 1,010 | | | 5 Industrial chemicals & plastics | | 183 | | | 177 | | | 3 | | | | 364 | | | 346 | | | 5 Metals & minerals | | 196 | | | 191 | | | 3 | | | | 379 | | | 365 | | | 4 Forest products | | 53 | | | 52 | | | 2 | | | | 102 | | | 103 | | | (1) Energy & specialized markets | | 154 | | | 149 | | | 3 | | | | 301 | | | 292 | | | 3 Industrial | | 586 | | | 569 | | | 3 | | | | 1,146 | | | 1,106 | | | 4 Automotive | | 210 | | | 209 | | | - | | | | 393 | | | 404 | | | (3) Intermodal [a] | | 853 | | | 817 | | | 4 | | | | 1,645 | | | 1,691 | | | (3) Premium | | 1,063 | | | 1,026 | | | 4 | | | | 2,038 | | | 2,095 | | | (3) Total | | 2,163 | | | 2,114 | | | 2 % | | 4,246 | | | 4,211 | | | 1 % Average revenue per car | | Three months ended June 30, | | | Six months ended June 30, 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | $ | | 4,568 | | | $ | | 4,467 | | | 2 % | | $ | | 4,456 | | | $ | | 4,451 | | | - % Fertilizer | | 3,995 | | | 3,627 | | | 10 | | | | 4,273 | | | 3,959 | | | 8 Food & refrigerated | | 6,474 | | | 6,237 | | | 4 | | | | 6,445 | | | 6,147 | | | 5 Coal & renewables | | 2,546 | | | 2,283 | | | 12 | | | | 2,395 | | | 2,267 | | | 6 Bulk | | 3,971 | | | 3,659 | | | 9 | | | | 3,831 | | | 3,700 | | | 4 Industrial chemicals & plastics | | 3,739 | | | 3,647 | | | 3 | | | | 3,680 | | | 3,625 | | | 2 Metals & minerals | | 3,179 | | | 2,950 | | | 8 | | | | 3,106 | | | 2,967 | | | 5 Forest products | | 6,686 | | | 6,508 | | | 3 | | | | 6,599 | | | 6,387 | | | 3 Energy & specialized markets | | 4,711 | | | 4,439 | | | 6 | | | | 4,610 | | | 4,436 | | | 4 Industrial | | 4,075 | | | 3,885 | | | 5 | | | | 3,995 | | | 3,881 | | | 3 Automotive | | 3,350 | | | 3,034 | | | 10 | | | | 3,214 | | | 3,004 | | | 7 Intermodal [a] | | 1,626 | | | 1,345 | | | 21 | | | | 1,521 | | | 1,355 | | | 12 Premium | | 1,966 | | | 1,688 | | | 16 | | | | 1,847 | | | 1,673 | | | 10 Average | | $ | | 3,014 | | | $ | | 2,764 | | | 9 % | | $ | | 2,923 | | | $ | | 2,739 | | | 7 % [a] For intermodal shipments each container or trailer equals one carload.

Intermodal Average Revenue per Car

$1,626

Revenue carloads | | Three months ended June 30, | | | Six months ended June 30, Thousands | | 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | 242 | | | 216 | | | 12 % | | 485 | | | 430 | | | 13 % Fertilizer | | 54 | | | 55 | | | (2) | | | | 106 | | | 104 | | | 2 Food & refrigerated | | 42 | | | 43 | | | (2) | | | | 81 | | | 86 | | | (6) Coal & renewables | | 176 | | | 205 | | | (14) | | | | 390 | | | 390 | | | - Bulk | | 514 | | | 519 | | | (1) | | | | 1,062 | | | 1,010 | | | 5 Industrial chemicals & plastics | | 183 | | | 177 | | | 3 | | | | 364 | | | 346 | | | 5 Metals & minerals | | 196 | | | 191 | | | 3 | | | | 379 | | | 365 | | | 4 Forest products | | 53 | | | 52 | | | 2 | | | | 102 | | | 103 | | | (1) Energy & specialized markets | | 154 | | | 149 | | | 3 | | | | 301 | | | 292 | | | 3 Industrial | | 586 | | | 569 | | | 3 | | | | 1,146 | | | 1,106 | | | 4 Automotive | | 210 | | | 209 | | | - | | | | 393 | | | 404 | | | (3) Intermodal [a] | | 853 | | | 817 | | | 4 | | | | 1,645 | | | 1,691 | | | (3) Premium | | 1,063 | | | 1,026 | | | 4 | | | | 2,038 | | | 2,095 | | | (3) Total | | 2,163 | | | 2,114 | | | 2 % | | 4,246 | | | 4,211 | | | 1 % Average revenue per car | | Three months ended June 30, | | | Six months ended June 30, 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | $ | | 4,568 | | | $ | | 4,467 | | | 2 % | | $ | | 4,456 | | | $ | | 4,451 | | | - % Fertilizer | | 3,995 | | | 3,627 | | | 10 | | | | 4,273 | | | 3,959 | | | 8 Food & refrigerated | | 6,474 | | | 6,237 | | | 4 | | | | 6,445 | | | 6,147 | | | 5 Coal & renewables | | 2,546 | | | 2,283 | | | 12 | | | | 2,395 | | | 2,267 | | | 6 Bulk | | 3,971 | | | 3,659 | | | 9 | | | | 3,831 | | | 3,700 | | | 4 Industrial chemicals & plastics | | 3,739 | | | 3,647 | | | 3 | | | | 3,680 | | | 3,625 | | | 2 Metals & minerals | | 3,179 | | | 2,950 | | | 8 | | | | 3,106 | | | 2,967 | | | 5 Forest products | | 6,686 | | | 6,508 | | | 3 | | | | 6,599 | | | 6,387 | | | 3 Energy & specialized markets | | 4,711 | | | 4,439 | | | 6 | | | | 4,610 | | | 4,436 | | | 4 Industrial | | 4,075 | | | 3,885 | | | 5 | | | | 3,995 | | | 3,881 | | | 3 Automotive | | 3,350 | | | 3,034 | | | 10 | | | | 3,214 | | | 3,004 | | | 7 Intermodal [a] | | 1,626 | | | 1,345 | | | 21 | | | | 1,521 | | | 1,355 | | | 12 Premium | | 1,966 | | | 1,688 | | | 16 | | | | 1,847 | | | 1,673 | | | 10 Average | | $ | | 3,014 | | | $ | | 2,764 | | | 9 % | | $ | | 2,923 | | | $ | | 2,739 | | | 7 % [a] For intermodal shipments each container or trailer equals one carload.

Metals & Minerals Average Revenue per Car

$3,179

Revenue carloads | | Three months ended June 30, | | | Six months ended June 30, Thousands | | 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | 242 | | | 216 | | | 12 % | | 485 | | | 430 | | | 13 % Fertilizer | | 54 | | | 55 | | | (2) | | | | 106 | | | 104 | | | 2 Food & refrigerated | | 42 | | | 43 | | | (2) | | | | 81 | | | 86 | | | (6) Coal & renewables | | 176 | | | 205 | | | (14) | | | | 390 | | | 390 | | | - Bulk | | 514 | | | 519 | | | (1) | | | | 1,062 | | | 1,010 | | | 5 Industrial chemicals & plastics | | 183 | | | 177 | | | 3 | | | | 364 | | | 346 | | | 5 Metals & minerals | | 196 | | | 191 | | | 3 | | | | 379 | | | 365 | | | 4 Forest products | | 53 | | | 52 | | | 2 | | | | 102 | | | 103 | | | (1) Energy & specialized markets | | 154 | | | 149 | | | 3 | | | | 301 | | | 292 | | | 3 Industrial | | 586 | | | 569 | | | 3 | | | | 1,146 | | | 1,106 | | | 4 Automotive | | 210 | | | 209 | | | - | | | | 393 | | | 404 | | | (3) Intermodal [a] | | 853 | | | 817 | | | 4 | | | | 1,645 | | | 1,691 | | | (3) Premium | | 1,063 | | | 1,026 | | | 4 | | | | 2,038 | | | 2,095 | | | (3) Total | | 2,163 | | | 2,114 | | | 2 % | | 4,246 | | | 4,211 | | | 1 % Average revenue per car | | Three months ended June 30, | | | Six months ended June 30, 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | $ | | 4,568 | | | $ | | 4,467 | | | 2 % | | $ | | 4,456 | | | $ | | 4,451 | | | - % Fertilizer | | 3,995 | | | 3,627 | | | 10 | | | | 4,273 | | | 3,959 | | | 8 Food & refrigerated | | 6,474 | | | 6,237 | | | 4 | | | | 6,445 | | | 6,147 | | | 5 Coal & renewables | | 2,546 | | | 2,283 | | | 12 | | | | 2,395 | | | 2,267 | | | 6 Bulk | | 3,971 | | | 3,659 | | | 9 | | | | 3,831 | | | 3,700 | | | 4 Industrial chemicals & plastics | | 3,739 | | | 3,647 | | | 3 | | | | 3,680 | | | 3,625 | | | 2 Metals & minerals | | 3,179 | | | 2,950 | | | 8 | | | | 3,106 | | | 2,967 | | | 5 Forest products | | 6,686 | | | 6,508 | | | 3 | | | | 6,599 | | | 6,387 | | | 3 Energy & specialized markets | | 4,711 | | | 4,439 | | | 6 | | | | 4,610 | | | 4,436 | | | 4 Industrial | | 4,075 | | | 3,885 | | | 5 | | | | 3,995 | | | 3,881 | | | 3 Automotive | | 3,350 | | | 3,034 | | | 10 | | | | 3,214 | | | 3,004 | | | 7 Intermodal [a] | | 1,626 | | | 1,345 | | | 21 | | | | 1,521 | | | 1,355 | | | 12 Premium | | 1,966 | | | 1,688 | | | 16 | | | | 1,847 | | | 1,673 | | | 10 Average | | $ | | 3,014 | | | $ | | 2,764 | | | 9 % | | $ | | 2,923 | | | $ | | 2,739 | | | 7 % [a] For intermodal shipments each container or trailer equals one carload.

Premium Average Revenue per Car

$1,966

Revenue carloads | | Three months ended June 30, | | | Six months ended June 30, Thousands | | 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | 242 | | | 216 | | | 12 % | | 485 | | | 430 | | | 13 % Fertilizer | | 54 | | | 55 | | | (2) | | | | 106 | | | 104 | | | 2 Food & refrigerated | | 42 | | | 43 | | | (2) | | | | 81 | | | 86 | | | (6) Coal & renewables | | 176 | | | 205 | | | (14) | | | | 390 | | | 390 | | | - Bulk | | 514 | | | 519 | | | (1) | | | | 1,062 | | | 1,010 | | | 5 Industrial chemicals & plastics | | 183 | | | 177 | | | 3 | | | | 364 | | | 346 | | | 5 Metals & minerals | | 196 | | | 191 | | | 3 | | | | 379 | | | 365 | | | 4 Forest products | | 53 | | | 52 | | | 2 | | | | 102 | | | 103 | | | (1) Energy & specialized markets | | 154 | | | 149 | | | 3 | | | | 301 | | | 292 | | | 3 Industrial | | 586 | | | 569 | | | 3 | | | | 1,146 | | | 1,106 | | | 4 Automotive | | 210 | | | 209 | | | - | | | | 393 | | | 404 | | | (3) Intermodal [a] | | 853 | | | 817 | | | 4 | | | | 1,645 | | | 1,691 | | | (3) Premium | | 1,063 | | | 1,026 | | | 4 | | | | 2,038 | | | 2,095 | | | (3) Total | | 2,163 | | | 2,114 | | | 2 % | | 4,246 | | | 4,211 | | | 1 % Average revenue per car | | Three months ended June 30, | | | Six months ended June 30, 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | $ | | 4,568 | | | $ | | 4,467 | | | 2 % | | $ | | 4,456 | | | $ | | 4,451 | | | - % Fertilizer | | 3,995 | | | 3,627 | | | 10 | | | | 4,273 | | | 3,959 | | | 8 Food & refrigerated | | 6,474 | | | 6,237 | | | 4 | | | | 6,445 | | | 6,147 | | | 5 Coal & renewables | | 2,546 | | | 2,283 | | | 12 | | | | 2,395 | | | 2,267 | | | 6 Bulk | | 3,971 | | | 3,659 | | | 9 | | | | 3,831 | | | 3,700 | | | 4 Industrial chemicals & plastics | | 3,739 | | | 3,647 | | | 3 | | | | 3,680 | | | 3,625 | | | 2 Metals & minerals | | 3,179 | | | 2,950 | | | 8 | | | | 3,106 | | | 2,967 | | | 5 Forest products | | 6,686 | | | 6,508 | | | 3 | | | | 6,599 | | | 6,387 | | | 3 Energy & specialized markets | | 4,711 | | | 4,439 | | | 6 | | | | 4,610 | | | 4,436 | | | 4 Industrial | | 4,075 | | | 3,885 | | | 5 | | | | 3,995 | | | 3,881 | | | 3 Automotive | | 3,350 | | | 3,034 | | | 10 | | | | 3,214 | | | 3,004 | | | 7 Intermodal [a] | | 1,626 | | | 1,345 | | | 21 | | | | 1,521 | | | 1,355 | | | 12 Premium | | 1,966 | | | 1,688 | | | 16 | | | | 1,847 | | | 1,673 | | | 10 Average | | $ | | 3,014 | | | $ | | 2,764 | | | 9 % | | $ | | 2,923 | | | $ | | 2,739 | | | 7 % [a] For intermodal shipments each container or trailer equals one carload.

Intermodal Service Performance Index

95.0%

OTHER OPERATING/PERFORMANCE AND FINANCIAL STATISTICS We report a number of key performance measures weekly to the STB. We provide these on our website at https://investor.unionpacific.com/key-performance-metrics. Operating/performance statistics Management continuously monitors these key operating metrics to evaluate our operational efficiency in striving to deliver the service product we sold to our customers. Railroad performance measures are included in the table below: Three months ended June 30, | | | Six months ended June 30, 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Gross ton-miles (GTMs) (billions) | | 225.2 | | 220.3 | | 2% | | 445.7 | | 433.1 | | 3% Revenue ton-miles (billions) | | 109.9 | | 107.6 | | 2 | | | | 221.4 | | 211.6 | | 5 Freight car velocity (daily miles per car) | | 231 | | 221 | | 5 | | | | 233 | | 218 | | 7 Average train speed (miles per hour) [a] | | 24.7 | | 23.9 | | 3 | | | | 25.1 | | 23.8 | | 5 Average terminal dwell time (hours) [a] | | 19.7 | | 21.2 | | (7) | | | | 19.7 | | 21.7 | | (9) Locomotive productivity (GTMs per horsepower day) | | 142 | | 141 | | 1 | | | | 143 | | 138 | | 4 Train length (feet) | | 9,890 | | 9,689 | | 2 | | | | 9,819 | | 9,590 | | 2 Intermodal service performance index (%) | | 95 | | | 99 | | | (4) pts | | 96 | | | 96 | | | - pts Manifest service performance index (%) | | 95 | | | 97 | | | (2) pts | | 96 | | | 95 | | | 1 pts Workforce productivity (car miles per employee) | | 1,176 | | 1,124 | | 5 | | | | 1,170 | | 1,108 | | 6 Total employees (average) | | 28,786 | | 29,711 | | (3) | | | | 28,716 | | 29,929 | | (4) Operating ratio (%) | | 59.7 | | | 59.0 | | | 0.7 pts | | 60.1 | | | 59.8 | | | 0.3 pts [a] As reported to the STB. Gross and revenue ton-miles – Gross ton-miles are calculated by multiplying the weight of loaded and empty freight cars by the number of miles hauled. Revenue ton-miles are calculated by multiplying the weight of freight by the number of rate miles. Gross ton-miles and revenue ton-miles both increased 2% in the second quarter of 2026 compared to 2025, consistent with the increase in carloads over the same time period. For the year-to-date period of 2026 compared to 2025, gross ton-miles increased 3% and revenue ton-miles increased 5% while corresponding carloads increased 1%. The variances in gross ton-miles, revenue ton-miles, and carloads was driven by changes in business mix due to higher grain shipments that are generally heavier and decreased intermodal shipments that are generally lighter. Freight car velocity – Freight car velocity measures the average daily miles per car on our network. The two key drivers of this metric are the speed of the train between terminals (average train speed) and the time a rail car spends at the terminals (average terminal dwell time). Freight car velocity increased 5% and 7%, respectively, in the second quarter and year-to-date periods of 2026 compared to 2025 driven by a decrease in terminal dwell combined with train speed improvement in both periods. Locomotive productivity – Locomotive productivity is gross ton-miles per average daily locomotive horsepower available. Locomotive productivity increased 1% and 4%, respectively, in the second quarter and year-to-date periods of 2026, driven by continued network fluidity and asset utilization as the average active fleet decreased 1% and 3%, respectively, even as gross ton-miles increased during both periods. 26 Table of Contents Train length – Train length is the average maximum train length on a route measured in feet. Train length increased 2% in the second quarter and year-to-date periods of 2026 compared to 2025 due to train length improvement initiatives, specifically driven by mainline capacity investments and optimization of the transportation plan, which enabled us to handle more carloads. Service performance index (SPI) – SPI is a ratio of the service customers are currently receiving relative to the best monthly performance over the last three years. Measuring our performance relative to a historical benchmark demonstrates our focus on continuously improving service for our customers. Our SPI is calculated for intermodal and manifest products. Intermodal SPI declined 4 points and was unchanged, respectively, in the second quarter and year-to-date periods of 2026 compared to 2025. Manifest SPI declined 2 points while improving 1 point, respectively, in the second quarter and year-to-date periods of 2026 compared to 2025. The lower SPI results were driven by comparison against a higher benchmark standard. Workforce productivity – Workforce productivity is average daily car miles per employee. Workforce productivity improved 5% and 6%, respectively, in the second quarter and year-to-date periods of 2026 compared to 2025. Increased average daily car miles, which grew 1% in each period, combined with 3% and 4% lower employee levels in the second quarter and year-to-date periods, respectively, drove the improvement. Demonstrating our commitment to meet customer demands while maintaining operational fluidity, we continually align our active train, engine, and yard (TE&Y) workforce. Operating ratio – Operating ratio is our operating expenses reflected as a percentage of operating revenues. For the second quarter and year-to-date periods of 2026, our operating ratio of 59.7% and 60.1% deteriorated 0.7 and 0.3 points, respectively, as the impact of higher fuel prices, inflation, and acquisition-related expenses more than offset core pricing gains, productivity initiatives, and the positive comparison from the $55 million crew staffing agreement ratification charge in 2025.

Manifest Service Performance Index

95.0%

OTHER OPERATING/PERFORMANCE AND FINANCIAL STATISTICS We report a number of key performance measures weekly to the STB. We provide these on our website at https://investor.unionpacific.com/key-performance-metrics. Operating/performance statistics Management continuously monitors these key operating metrics to evaluate our operational efficiency in striving to deliver the service product we sold to our customers. Railroad performance measures are included in the table below: Three months ended June 30, | | | Six months ended June 30, 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Gross ton-miles (GTMs) (billions) | | 225.2 | | 220.3 | | 2% | | 445.7 | | 433.1 | | 3% Revenue ton-miles (billions) | | 109.9 | | 107.6 | | 2 | | | | 221.4 | | 211.6 | | 5 Freight car velocity (daily miles per car) | | 231 | | 221 | | 5 | | | | 233 | | 218 | | 7 Average train speed (miles per hour) [a] | | 24.7 | | 23.9 | | 3 | | | | 25.1 | | 23.8 | | 5 Average terminal dwell time (hours) [a] | | 19.7 | | 21.2 | | (7) | | | | 19.7 | | 21.7 | | (9) Locomotive productivity (GTMs per horsepower day) | | 142 | | 141 | | 1 | | | | 143 | | 138 | | 4 Train length (feet) | | 9,890 | | 9,689 | | 2 | | | | 9,819 | | 9,590 | | 2 Intermodal service performance index (%) | | 95 | | | 99 | | | (4) pts | | 96 | | | 96 | | | - pts Manifest service performance index (%) | | 95 | | | 97 | | | (2) pts | | 96 | | | 95 | | | 1 pts Workforce productivity (car miles per employee) | | 1,176 | | 1,124 | | 5 | | | | 1,170 | | 1,108 | | 6 Total employees (average) | | 28,786 | | 29,711 | | (3) | | | | 28,716 | | 29,929 | | (4) Operating ratio (%) | | 59.7 | | | 59.0 | | | 0.7 pts | | 60.1 | | | 59.8 | | | 0.3 pts [a] As reported to the STB. Gross and revenue ton-miles – Gross ton-miles are calculated by multiplying the weight of loaded and empty freight cars by the number of miles hauled. Revenue ton-miles are calculated by multiplying the weight of freight by the number of rate miles. Gross ton-miles and revenue ton-miles both increased 2% in the second quarter of 2026 compared to 2025, consistent with the increase in carloads over the same time period. For the year-to-date period of 2026 compared to 2025, gross ton-miles increased 3% and revenue ton-miles increased 5% while corresponding carloads increased 1%. The variances in gross ton-miles, revenue ton-miles, and carloads was driven by changes in business mix due to higher grain shipments that are generally heavier and decreased intermodal shipments that are generally lighter. Freight car velocity – Freight car velocity measures the average daily miles per car on our network. The two key drivers of this metric are the speed of the train between terminals (average train speed) and the time a rail car spends at the terminals (average terminal dwell time). Freight car velocity increased 5% and 7%, respectively, in the second quarter and year-to-date periods of 2026 compared to 2025 driven by a decrease in terminal dwell combined with train speed improvement in both periods. Locomotive productivity – Locomotive productivity is gross ton-miles per average daily locomotive horsepower available. Locomotive productivity increased 1% and 4%, respectively, in the second quarter and year-to-date periods of 2026, driven by continued network fluidity and asset utilization as the average active fleet decreased 1% and 3%, respectively, even as gross ton-miles increased during both periods. 26 Table of Contents Train length – Train length is the average maximum train length on a route measured in feet. Train length increased 2% in the second quarter and year-to-date periods of 2026 compared to 2025 due to train length improvement initiatives, specifically driven by mainline capacity investments and optimization of the transportation plan, which enabled us to handle more carloads. Service performance index (SPI) – SPI is a ratio of the service customers are currently receiving relative to the best monthly performance over the last three years. Measuring our performance relative to a historical benchmark demonstrates our focus on continuously improving service for our customers. Our SPI is calculated for intermodal and manifest products. Intermodal SPI declined 4 points and was unchanged, respectively, in the second quarter and year-to-date periods of 2026 compared to 2025. Manifest SPI declined 2 points while improving 1 point, respectively, in the second quarter and year-to-date periods of 2026 compared to 2025. The lower SPI results were driven by comparison against a higher benchmark standard. Workforce productivity – Workforce productivity is average daily car miles per employee. Workforce productivity improved 5% and 6%, respectively, in the second quarter and year-to-date periods of 2026 compared to 2025. Increased average daily car miles, which grew 1% in each period, combined with 3% and 4% lower employee levels in the second quarter and year-to-date periods, respectively, drove the improvement. Demonstrating our commitment to meet customer demands while maintaining operational fluidity, we continually align our active train, engine, and yard (TE&Y) workforce. Operating ratio – Operating ratio is our operating expenses reflected as a percentage of operating revenues. For the second quarter and year-to-date periods of 2026, our operating ratio of 59.7% and 60.1% deteriorated 0.7 and 0.3 points, respectively, as the impact of higher fuel prices, inflation, and acquisition-related expenses more than offset core pricing gains, productivity initiatives, and the positive comparison from the $55 million crew staffing agreement ratification charge in 2025.

Automotive Revenue Carloads

210

Revenue carloads | | Three months ended June 30, | | | Six months ended June 30, Thousands | | 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | 242 | | | 216 | | | 12 % | | 485 | | | 430 | | | 13 % Fertilizer | | 54 | | | 55 | | | (2) | | | | 106 | | | 104 | | | 2 Food & refrigerated | | 42 | | | 43 | | | (2) | | | | 81 | | | 86 | | | (6) Coal & renewables | | 176 | | | 205 | | | (14) | | | | 390 | | | 390 | | | - Bulk | | 514 | | | 519 | | | (1) | | | | 1,062 | | | 1,010 | | | 5 Industrial chemicals & plastics | | 183 | | | 177 | | | 3 | | | | 364 | | | 346 | | | 5 Metals & minerals | | 196 | | | 191 | | | 3 | | | | 379 | | | 365 | | | 4 Forest products | | 53 | | | 52 | | | 2 | | | | 102 | | | 103 | | | (1) Energy & specialized markets | | 154 | | | 149 | | | 3 | | | | 301 | | | 292 | | | 3 Industrial | | 586 | | | 569 | | | 3 | | | | 1,146 | | | 1,106 | | | 4 Automotive | | 210 | | | 209 | | | - | | | | 393 | | | 404 | | | (3) Intermodal [a] | | 853 | | | 817 | | | 4 | | | | 1,645 | | | 1,691 | | | (3) Premium | | 1,063 | | | 1,026 | | | 4 | | | | 2,038 | | | 2,095 | | | (3) Total | | 2,163 | | | 2,114 | | | 2 % | | 4,246 | | | 4,211 | | | 1 % Average revenue per car | | Three months ended June 30, | | | Six months ended June 30, 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | $ | | 4,568 | | | $ | | 4,467 | | | 2 % | | $ | | 4,456 | | | $ | | 4,451 | | | - % Fertilizer | | 3,995 | | | 3,627 | | | 10 | | | | 4,273 | | | 3,959 | | | 8 Food & refrigerated | | 6,474 | | | 6,237 | | | 4 | | | | 6,445 | | | 6,147 | | | 5 Coal & renewables | | 2,546 | | | 2,283 | | | 12 | | | | 2,395 | | | 2,267 | | | 6 Bulk | | 3,971 | | | 3,659 | | | 9 | | | | 3,831 | | | 3,700 | | | 4 Industrial chemicals & plastics | | 3,739 | | | 3,647 | | | 3 | | | | 3,680 | | | 3,625 | | | 2 Metals & minerals | | 3,179 | | | 2,950 | | | 8 | | | | 3,106 | | | 2,967 | | | 5 Forest products | | 6,686 | | | 6,508 | | | 3 | | | | 6,599 | | | 6,387 | | | 3 Energy & specialized markets | | 4,711 | | | 4,439 | | | 6 | | | | 4,610 | | | 4,436 | | | 4 Industrial | | 4,075 | | | 3,885 | | | 5 | | | | 3,995 | | | 3,881 | | | 3 Automotive | | 3,350 | | | 3,034 | | | 10 | | | | 3,214 | | | 3,004 | | | 7 Intermodal [a] | | 1,626 | | | 1,345 | | | 21 | | | | 1,521 | | | 1,355 | | | 12 Premium | | 1,966 | | | 1,688 | | | 16 | | | | 1,847 | | | 1,673 | | | 10 Average | | $ | | 3,014 | | | $ | | 2,764 | | | 9 % | | $ | | 2,923 | | | $ | | 2,739 | | | 7 % [a] For intermodal shipments each container or trailer equals one carload.

Bulk Revenue Carloads

514

Revenue carloads | | Three months ended June 30, | | | Six months ended June 30, Thousands | | 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | 242 | | | 216 | | | 12 % | | 485 | | | 430 | | | 13 % Fertilizer | | 54 | | | 55 | | | (2) | | | | 106 | | | 104 | | | 2 Food & refrigerated | | 42 | | | 43 | | | (2) | | | | 81 | | | 86 | | | (6) Coal & renewables | | 176 | | | 205 | | | (14) | | | | 390 | | | 390 | | | - Bulk | | 514 | | | 519 | | | (1) | | | | 1,062 | | | 1,010 | | | 5 Industrial chemicals & plastics | | 183 | | | 177 | | | 3 | | | | 364 | | | 346 | | | 5 Metals & minerals | | 196 | | | 191 | | | 3 | | | | 379 | | | 365 | | | 4 Forest products | | 53 | | | 52 | | | 2 | | | | 102 | | | 103 | | | (1) Energy & specialized markets | | 154 | | | 149 | | | 3 | | | | 301 | | | 292 | | | 3 Industrial | | 586 | | | 569 | | | 3 | | | | 1,146 | | | 1,106 | | | 4 Automotive | | 210 | | | 209 | | | - | | | | 393 | | | 404 | | | (3) Intermodal [a] | | 853 | | | 817 | | | 4 | | | | 1,645 | | | 1,691 | | | (3) Premium | | 1,063 | | | 1,026 | | | 4 | | | | 2,038 | | | 2,095 | | | (3) Total | | 2,163 | | | 2,114 | | | 2 % | | 4,246 | | | 4,211 | | | 1 % Average revenue per car | | Three months ended June 30, | | | Six months ended June 30, 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | $ | | 4,568 | | | $ | | 4,467 | | | 2 % | | $ | | 4,456 | | | $ | | 4,451 | | | - % Fertilizer | | 3,995 | | | 3,627 | | | 10 | | | | 4,273 | | | 3,959 | | | 8 Food & refrigerated | | 6,474 | | | 6,237 | | | 4 | | | | 6,445 | | | 6,147 | | | 5 Coal & renewables | | 2,546 | | | 2,283 | | | 12 | | | | 2,395 | | | 2,267 | | | 6 Bulk | | 3,971 | | | 3,659 | | | 9 | | | | 3,831 | | | 3,700 | | | 4 Industrial chemicals & plastics | | 3,739 | | | 3,647 | | | 3 | | | | 3,680 | | | 3,625 | | | 2 Metals & minerals | | 3,179 | | | 2,950 | | | 8 | | | | 3,106 | | | 2,967 | | | 5 Forest products | | 6,686 | | | 6,508 | | | 3 | | | | 6,599 | | | 6,387 | | | 3 Energy & specialized markets | | 4,711 | | | 4,439 | | | 6 | | | | 4,610 | | | 4,436 | | | 4 Industrial | | 4,075 | | | 3,885 | | | 5 | | | | 3,995 | | | 3,881 | | | 3 Automotive | | 3,350 | | | 3,034 | | | 10 | | | | 3,214 | | | 3,004 | | | 7 Intermodal [a] | | 1,626 | | | 1,345 | | | 21 | | | | 1,521 | | | 1,355 | | | 12 Premium | | 1,966 | | | 1,688 | | | 16 | | | | 1,847 | | | 1,673 | | | 10 Average | | $ | | 3,014 | | | $ | | 2,764 | | | 9 % | | $ | | 2,923 | | | $ | | 2,739 | | | 7 % [a] For intermodal shipments each container or trailer equals one carload.

Coal & Renewables Revenue Carloads

176

Revenue carloads | | Three months ended June 30, | | | Six months ended June 30, Thousands | | 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | 242 | | | 216 | | | 12 % | | 485 | | | 430 | | | 13 % Fertilizer | | 54 | | | 55 | | | (2) | | | | 106 | | | 104 | | | 2 Food & refrigerated | | 42 | | | 43 | | | (2) | | | | 81 | | | 86 | | | (6) Coal & renewables | | 176 | | | 205 | | | (14) | | | | 390 | | | 390 | | | - Bulk | | 514 | | | 519 | | | (1) | | | | 1,062 | | | 1,010 | | | 5 Industrial chemicals & plastics | | 183 | | | 177 | | | 3 | | | | 364 | | | 346 | | | 5 Metals & minerals | | 196 | | | 191 | | | 3 | | | | 379 | | | 365 | | | 4 Forest products | | 53 | | | 52 | | | 2 | | | | 102 | | | 103 | | | (1) Energy & specialized markets | | 154 | | | 149 | | | 3 | | | | 301 | | | 292 | | | 3 Industrial | | 586 | | | 569 | | | 3 | | | | 1,146 | | | 1,106 | | | 4 Automotive | | 210 | | | 209 | | | - | | | | 393 | | | 404 | | | (3) Intermodal [a] | | 853 | | | 817 | | | 4 | | | | 1,645 | | | 1,691 | | | (3) Premium | | 1,063 | | | 1,026 | | | 4 | | | | 2,038 | | | 2,095 | | | (3) Total | | 2,163 | | | 2,114 | | | 2 % | | 4,246 | | | 4,211 | | | 1 % Average revenue per car | | Three months ended June 30, | | | Six months ended June 30, 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | $ | | 4,568 | | | $ | | 4,467 | | | 2 % | | $ | | 4,456 | | | $ | | 4,451 | | | - % Fertilizer | | 3,995 | | | 3,627 | | | 10 | | | | 4,273 | | | 3,959 | | | 8 Food & refrigerated | | 6,474 | | | 6,237 | | | 4 | | | | 6,445 | | | 6,147 | | | 5 Coal & renewables | | 2,546 | | | 2,283 | | | 12 | | | | 2,395 | | | 2,267 | | | 6 Bulk | | 3,971 | | | 3,659 | | | 9 | | | | 3,831 | | | 3,700 | | | 4 Industrial chemicals & plastics | | 3,739 | | | 3,647 | | | 3 | | | | 3,680 | | | 3,625 | | | 2 Metals & minerals | | 3,179 | | | 2,950 | | | 8 | | | | 3,106 | | | 2,967 | | | 5 Forest products | | 6,686 | | | 6,508 | | | 3 | | | | 6,599 | | | 6,387 | | | 3 Energy & specialized markets | | 4,711 | | | 4,439 | | | 6 | | | | 4,610 | | | 4,436 | | | 4 Industrial | | 4,075 | | | 3,885 | | | 5 | | | | 3,995 | | | 3,881 | | | 3 Automotive | | 3,350 | | | 3,034 | | | 10 | | | | 3,214 | | | 3,004 | | | 7 Intermodal [a] | | 1,626 | | | 1,345 | | | 21 | | | | 1,521 | | | 1,355 | | | 12 Premium | | 1,966 | | | 1,688 | | | 16 | | | | 1,847 | | | 1,673 | | | 10 Average | | $ | | 3,014 | | | $ | | 2,764 | | | 9 % | | $ | | 2,923 | | | $ | | 2,739 | | | 7 % [a] For intermodal shipments each container or trailer equals one carload.

Energy & Specialized Markets Revenue Carloads

154

Revenue carloads | | Three months ended June 30, | | | Six months ended June 30, Thousands | | 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | 242 | | | 216 | | | 12 % | | 485 | | | 430 | | | 13 % Fertilizer | | 54 | | | 55 | | | (2) | | | | 106 | | | 104 | | | 2 Food & refrigerated | | 42 | | | 43 | | | (2) | | | | 81 | | | 86 | | | (6) Coal & renewables | | 176 | | | 205 | | | (14) | | | | 390 | | | 390 | | | - Bulk | | 514 | | | 519 | | | (1) | | | | 1,062 | | | 1,010 | | | 5 Industrial chemicals & plastics | | 183 | | | 177 | | | 3 | | | | 364 | | | 346 | | | 5 Metals & minerals | | 196 | | | 191 | | | 3 | | | | 379 | | | 365 | | | 4 Forest products | | 53 | | | 52 | | | 2 | | | | 102 | | | 103 | | | (1) Energy & specialized markets | | 154 | | | 149 | | | 3 | | | | 301 | | | 292 | | | 3 Industrial | | 586 | | | 569 | | | 3 | | | | 1,146 | | | 1,106 | | | 4 Automotive | | 210 | | | 209 | | | - | | | | 393 | | | 404 | | | (3) Intermodal [a] | | 853 | | | 817 | | | 4 | | | | 1,645 | | | 1,691 | | | (3) Premium | | 1,063 | | | 1,026 | | | 4 | | | | 2,038 | | | 2,095 | | | (3) Total | | 2,163 | | | 2,114 | | | 2 % | | 4,246 | | | 4,211 | | | 1 % Average revenue per car | | Three months ended June 30, | | | Six months ended June 30, 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | $ | | 4,568 | | | $ | | 4,467 | | | 2 % | | $ | | 4,456 | | | $ | | 4,451 | | | - % Fertilizer | | 3,995 | | | 3,627 | | | 10 | | | | 4,273 | | | 3,959 | | | 8 Food & refrigerated | | 6,474 | | | 6,237 | | | 4 | | | | 6,445 | | | 6,147 | | | 5 Coal & renewables | | 2,546 | | | 2,283 | | | 12 | | | | 2,395 | | | 2,267 | | | 6 Bulk | | 3,971 | | | 3,659 | | | 9 | | | | 3,831 | | | 3,700 | | | 4 Industrial chemicals & plastics | | 3,739 | | | 3,647 | | | 3 | | | | 3,680 | | | 3,625 | | | 2 Metals & minerals | | 3,179 | | | 2,950 | | | 8 | | | | 3,106 | | | 2,967 | | | 5 Forest products | | 6,686 | | | 6,508 | | | 3 | | | | 6,599 | | | 6,387 | | | 3 Energy & specialized markets | | 4,711 | | | 4,439 | | | 6 | | | | 4,610 | | | 4,436 | | | 4 Industrial | | 4,075 | | | 3,885 | | | 5 | | | | 3,995 | | | 3,881 | | | 3 Automotive | | 3,350 | | | 3,034 | | | 10 | | | | 3,214 | | | 3,004 | | | 7 Intermodal [a] | | 1,626 | | | 1,345 | | | 21 | | | | 1,521 | | | 1,355 | | | 12 Premium | | 1,966 | | | 1,688 | | | 16 | | | | 1,847 | | | 1,673 | | | 10 Average | | $ | | 3,014 | | | $ | | 2,764 | | | 9 % | | $ | | 2,923 | | | $ | | 2,739 | | | 7 % [a] For intermodal shipments each container or trailer equals one carload.

Fertilizer Revenue Carloads

54

Revenue carloads | | Three months ended June 30, | | | Six months ended June 30, Thousands | | 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | 242 | | | 216 | | | 12 % | | 485 | | | 430 | | | 13 % Fertilizer | | 54 | | | 55 | | | (2) | | | | 106 | | | 104 | | | 2 Food & refrigerated | | 42 | | | 43 | | | (2) | | | | 81 | | | 86 | | | (6) Coal & renewables | | 176 | | | 205 | | | (14) | | | | 390 | | | 390 | | | - Bulk | | 514 | | | 519 | | | (1) | | | | 1,062 | | | 1,010 | | | 5 Industrial chemicals & plastics | | 183 | | | 177 | | | 3 | | | | 364 | | | 346 | | | 5 Metals & minerals | | 196 | | | 191 | | | 3 | | | | 379 | | | 365 | | | 4 Forest products | | 53 | | | 52 | | | 2 | | | | 102 | | | 103 | | | (1) Energy & specialized markets | | 154 | | | 149 | | | 3 | | | | 301 | | | 292 | | | 3 Industrial | | 586 | | | 569 | | | 3 | | | | 1,146 | | | 1,106 | | | 4 Automotive | | 210 | | | 209 | | | - | | | | 393 | | | 404 | | | (3) Intermodal [a] | | 853 | | | 817 | | | 4 | | | | 1,645 | | | 1,691 | | | (3) Premium | | 1,063 | | | 1,026 | | | 4 | | | | 2,038 | | | 2,095 | | | (3) Total | | 2,163 | | | 2,114 | | | 2 % | | 4,246 | | | 4,211 | | | 1 % Average revenue per car | | Three months ended June 30, | | | Six months ended June 30, 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | $ | | 4,568 | | | $ | | 4,467 | | | 2 % | | $ | | 4,456 | | | $ | | 4,451 | | | - % Fertilizer | | 3,995 | | | 3,627 | | | 10 | | | | 4,273 | | | 3,959 | | | 8 Food & refrigerated | | 6,474 | | | 6,237 | | | 4 | | | | 6,445 | | | 6,147 | | | 5 Coal & renewables | | 2,546 | | | 2,283 | | | 12 | | | | 2,395 | | | 2,267 | | | 6 Bulk | | 3,971 | | | 3,659 | | | 9 | | | | 3,831 | | | 3,700 | | | 4 Industrial chemicals & plastics | | 3,739 | | | 3,647 | | | 3 | | | | 3,680 | | | 3,625 | | | 2 Metals & minerals | | 3,179 | | | 2,950 | | | 8 | | | | 3,106 | | | 2,967 | | | 5 Forest products | | 6,686 | | | 6,508 | | | 3 | | | | 6,599 | | | 6,387 | | | 3 Energy & specialized markets | | 4,711 | | | 4,439 | | | 6 | | | | 4,610 | | | 4,436 | | | 4 Industrial | | 4,075 | | | 3,885 | | | 5 | | | | 3,995 | | | 3,881 | | | 3 Automotive | | 3,350 | | | 3,034 | | | 10 | | | | 3,214 | | | 3,004 | | | 7 Intermodal [a] | | 1,626 | | | 1,345 | | | 21 | | | | 1,521 | | | 1,355 | | | 12 Premium | | 1,966 | | | 1,688 | | | 16 | | | | 1,847 | | | 1,673 | | | 10 Average | | $ | | 3,014 | | | $ | | 2,764 | | | 9 % | | $ | | 2,923 | | | $ | | 2,739 | | | 7 % [a] For intermodal shipments each container or trailer equals one carload.

Food & Refrigerated Revenue Carloads

42

Revenue carloads | | Three months ended June 30, | | | Six months ended June 30, Thousands | | 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | 242 | | | 216 | | | 12 % | | 485 | | | 430 | | | 13 % Fertilizer | | 54 | | | 55 | | | (2) | | | | 106 | | | 104 | | | 2 Food & refrigerated | | 42 | | | 43 | | | (2) | | | | 81 | | | 86 | | | (6) Coal & renewables | | 176 | | | 205 | | | (14) | | | | 390 | | | 390 | | | - Bulk | | 514 | | | 519 | | | (1) | | | | 1,062 | | | 1,010 | | | 5 Industrial chemicals & plastics | | 183 | | | 177 | | | 3 | | | | 364 | | | 346 | | | 5 Metals & minerals | | 196 | | | 191 | | | 3 | | | | 379 | | | 365 | | | 4 Forest products | | 53 | | | 52 | | | 2 | | | | 102 | | | 103 | | | (1) Energy & specialized markets | | 154 | | | 149 | | | 3 | | | | 301 | | | 292 | | | 3 Industrial | | 586 | | | 569 | | | 3 | | | | 1,146 | | | 1,106 | | | 4 Automotive | | 210 | | | 209 | | | - | | | | 393 | | | 404 | | | (3) Intermodal [a] | | 853 | | | 817 | | | 4 | | | | 1,645 | | | 1,691 | | | (3) Premium | | 1,063 | | | 1,026 | | | 4 | | | | 2,038 | | | 2,095 | | | (3) Total | | 2,163 | | | 2,114 | | | 2 % | | 4,246 | | | 4,211 | | | 1 % Average revenue per car | | Three months ended June 30, | | | Six months ended June 30, 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | $ | | 4,568 | | | $ | | 4,467 | | | 2 % | | $ | | 4,456 | | | $ | | 4,451 | | | - % Fertilizer | | 3,995 | | | 3,627 | | | 10 | | | | 4,273 | | | 3,959 | | | 8 Food & refrigerated | | 6,474 | | | 6,237 | | | 4 | | | | 6,445 | | | 6,147 | | | 5 Coal & renewables | | 2,546 | | | 2,283 | | | 12 | | | | 2,395 | | | 2,267 | | | 6 Bulk | | 3,971 | | | 3,659 | | | 9 | | | | 3,831 | | | 3,700 | | | 4 Industrial chemicals & plastics | | 3,739 | | | 3,647 | | | 3 | | | | 3,680 | | | 3,625 | | | 2 Metals & minerals | | 3,179 | | | 2,950 | | | 8 | | | | 3,106 | | | 2,967 | | | 5 Forest products | | 6,686 | | | 6,508 | | | 3 | | | | 6,599 | | | 6,387 | | | 3 Energy & specialized markets | | 4,711 | | | 4,439 | | | 6 | | | | 4,610 | | | 4,436 | | | 4 Industrial | | 4,075 | | | 3,885 | | | 5 | | | | 3,995 | | | 3,881 | | | 3 Automotive | | 3,350 | | | 3,034 | | | 10 | | | | 3,214 | | | 3,004 | | | 7 Intermodal [a] | | 1,626 | | | 1,345 | | | 21 | | | | 1,521 | | | 1,355 | | | 12 Premium | | 1,966 | | | 1,688 | | | 16 | | | | 1,847 | | | 1,673 | | | 10 Average | | $ | | 3,014 | | | $ | | 2,764 | | | 9 % | | $ | | 2,923 | | | $ | | 2,739 | | | 7 % [a] For intermodal shipments each container or trailer equals one carload.

Forest Products Revenue Carloads

53

Revenue carloads | | Three months ended June 30, | | | Six months ended June 30, Thousands | | 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | 242 | | | 216 | | | 12 % | | 485 | | | 430 | | | 13 % Fertilizer | | 54 | | | 55 | | | (2) | | | | 106 | | | 104 | | | 2 Food & refrigerated | | 42 | | | 43 | | | (2) | | | | 81 | | | 86 | | | (6) Coal & renewables | | 176 | | | 205 | | | (14) | | | | 390 | | | 390 | | | - Bulk | | 514 | | | 519 | | | (1) | | | | 1,062 | | | 1,010 | | | 5 Industrial chemicals & plastics | | 183 | | | 177 | | | 3 | | | | 364 | | | 346 | | | 5 Metals & minerals | | 196 | | | 191 | | | 3 | | | | 379 | | | 365 | | | 4 Forest products | | 53 | | | 52 | | | 2 | | | | 102 | | | 103 | | | (1) Energy & specialized markets | | 154 | | | 149 | | | 3 | | | | 301 | | | 292 | | | 3 Industrial | | 586 | | | 569 | | | 3 | | | | 1,146 | | | 1,106 | | | 4 Automotive | | 210 | | | 209 | | | - | | | | 393 | | | 404 | | | (3) Intermodal [a] | | 853 | | | 817 | | | 4 | | | | 1,645 | | | 1,691 | | | (3) Premium | | 1,063 | | | 1,026 | | | 4 | | | | 2,038 | | | 2,095 | | | (3) Total | | 2,163 | | | 2,114 | | | 2 % | | 4,246 | | | 4,211 | | | 1 % Average revenue per car | | Three months ended June 30, | | | Six months ended June 30, 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | $ | | 4,568 | | | $ | | 4,467 | | | 2 % | | $ | | 4,456 | | | $ | | 4,451 | | | - % Fertilizer | | 3,995 | | | 3,627 | | | 10 | | | | 4,273 | | | 3,959 | | | 8 Food & refrigerated | | 6,474 | | | 6,237 | | | 4 | | | | 6,445 | | | 6,147 | | | 5 Coal & renewables | | 2,546 | | | 2,283 | | | 12 | | | | 2,395 | | | 2,267 | | | 6 Bulk | | 3,971 | | | 3,659 | | | 9 | | | | 3,831 | | | 3,700 | | | 4 Industrial chemicals & plastics | | 3,739 | | | 3,647 | | | 3 | | | | 3,680 | | | 3,625 | | | 2 Metals & minerals | | 3,179 | | | 2,950 | | | 8 | | | | 3,106 | | | 2,967 | | | 5 Forest products | | 6,686 | | | 6,508 | | | 3 | | | | 6,599 | | | 6,387 | | | 3 Energy & specialized markets | | 4,711 | | | 4,439 | | | 6 | | | | 4,610 | | | 4,436 | | | 4 Industrial | | 4,075 | | | 3,885 | | | 5 | | | | 3,995 | | | 3,881 | | | 3 Automotive | | 3,350 | | | 3,034 | | | 10 | | | | 3,214 | | | 3,004 | | | 7 Intermodal [a] | | 1,626 | | | 1,345 | | | 21 | | | | 1,521 | | | 1,355 | | | 12 Premium | | 1,966 | | | 1,688 | | | 16 | | | | 1,847 | | | 1,673 | | | 10 Average | | $ | | 3,014 | | | $ | | 2,764 | | | 9 % | | $ | | 2,923 | | | $ | | 2,739 | | | 7 % [a] For intermodal shipments each container or trailer equals one carload.

Grain & Grain Products Revenue Carloads

242

Revenue carloads | | Three months ended June 30, | | | Six months ended June 30, Thousands | | 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | 242 | | | 216 | | | 12 % | | 485 | | | 430 | | | 13 % Fertilizer | | 54 | | | 55 | | | (2) | | | | 106 | | | 104 | | | 2 Food & refrigerated | | 42 | | | 43 | | | (2) | | | | 81 | | | 86 | | | (6) Coal & renewables | | 176 | | | 205 | | | (14) | | | | 390 | | | 390 | | | - Bulk | | 514 | | | 519 | | | (1) | | | | 1,062 | | | 1,010 | | | 5 Industrial chemicals & plastics | | 183 | | | 177 | | | 3 | | | | 364 | | | 346 | | | 5 Metals & minerals | | 196 | | | 191 | | | 3 | | | | 379 | | | 365 | | | 4 Forest products | | 53 | | | 52 | | | 2 | | | | 102 | | | 103 | | | (1) Energy & specialized markets | | 154 | | | 149 | | | 3 | | | | 301 | | | 292 | | | 3 Industrial | | 586 | | | 569 | | | 3 | | | | 1,146 | | | 1,106 | | | 4 Automotive | | 210 | | | 209 | | | - | | | | 393 | | | 404 | | | (3) Intermodal [a] | | 853 | | | 817 | | | 4 | | | | 1,645 | | | 1,691 | | | (3) Premium | | 1,063 | | | 1,026 | | | 4 | | | | 2,038 | | | 2,095 | | | (3) Total | | 2,163 | | | 2,114 | | | 2 % | | 4,246 | | | 4,211 | | | 1 % Average revenue per car | | Three months ended June 30, | | | Six months ended June 30, 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | $ | | 4,568 | | | $ | | 4,467 | | | 2 % | | $ | | 4,456 | | | $ | | 4,451 | | | - % Fertilizer | | 3,995 | | | 3,627 | | | 10 | | | | 4,273 | | | 3,959 | | | 8 Food & refrigerated | | 6,474 | | | 6,237 | | | 4 | | | | 6,445 | | | 6,147 | | | 5 Coal & renewables | | 2,546 | | | 2,283 | | | 12 | | | | 2,395 | | | 2,267 | | | 6 Bulk | | 3,971 | | | 3,659 | | | 9 | | | | 3,831 | | | 3,700 | | | 4 Industrial chemicals & plastics | | 3,739 | | | 3,647 | | | 3 | | | | 3,680 | | | 3,625 | | | 2 Metals & minerals | | 3,179 | | | 2,950 | | | 8 | | | | 3,106 | | | 2,967 | | | 5 Forest products | | 6,686 | | | 6,508 | | | 3 | | | | 6,599 | | | 6,387 | | | 3 Energy & specialized markets | | 4,711 | | | 4,439 | | | 6 | | | | 4,610 | | | 4,436 | | | 4 Industrial | | 4,075 | | | 3,885 | | | 5 | | | | 3,995 | | | 3,881 | | | 3 Automotive | | 3,350 | | | 3,034 | | | 10 | | | | 3,214 | | | 3,004 | | | 7 Intermodal [a] | | 1,626 | | | 1,345 | | | 21 | | | | 1,521 | | | 1,355 | | | 12 Premium | | 1,966 | | | 1,688 | | | 16 | | | | 1,847 | | | 1,673 | | | 10 Average | | $ | | 3,014 | | | $ | | 2,764 | | | 9 % | | $ | | 2,923 | | | $ | | 2,739 | | | 7 % [a] For intermodal shipments each container or trailer equals one carload.

Industrial Chemicals & Plastics Revenue Carloads

183

Revenue carloads | | Three months ended June 30, | | | Six months ended June 30, Thousands | | 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | 242 | | | 216 | | | 12 % | | 485 | | | 430 | | | 13 % Fertilizer | | 54 | | | 55 | | | (2) | | | | 106 | | | 104 | | | 2 Food & refrigerated | | 42 | | | 43 | | | (2) | | | | 81 | | | 86 | | | (6) Coal & renewables | | 176 | | | 205 | | | (14) | | | | 390 | | | 390 | | | - Bulk | | 514 | | | 519 | | | (1) | | | | 1,062 | | | 1,010 | | | 5 Industrial chemicals & plastics | | 183 | | | 177 | | | 3 | | | | 364 | | | 346 | | | 5 Metals & minerals | | 196 | | | 191 | | | 3 | | | | 379 | | | 365 | | | 4 Forest products | | 53 | | | 52 | | | 2 | | | | 102 | | | 103 | | | (1) Energy & specialized markets | | 154 | | | 149 | | | 3 | | | | 301 | | | 292 | | | 3 Industrial | | 586 | | | 569 | | | 3 | | | | 1,146 | | | 1,106 | | | 4 Automotive | | 210 | | | 209 | | | - | | | | 393 | | | 404 | | | (3) Intermodal [a] | | 853 | | | 817 | | | 4 | | | | 1,645 | | | 1,691 | | | (3) Premium | | 1,063 | | | 1,026 | | | 4 | | | | 2,038 | | | 2,095 | | | (3) Total | | 2,163 | | | 2,114 | | | 2 % | | 4,246 | | | 4,211 | | | 1 % Average revenue per car | | Three months ended June 30, | | | Six months ended June 30, 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | $ | | 4,568 | | | $ | | 4,467 | | | 2 % | | $ | | 4,456 | | | $ | | 4,451 | | | - % Fertilizer | | 3,995 | | | 3,627 | | | 10 | | | | 4,273 | | | 3,959 | | | 8 Food & refrigerated | | 6,474 | | | 6,237 | | | 4 | | | | 6,445 | | | 6,147 | | | 5 Coal & renewables | | 2,546 | | | 2,283 | | | 12 | | | | 2,395 | | | 2,267 | | | 6 Bulk | | 3,971 | | | 3,659 | | | 9 | | | | 3,831 | | | 3,700 | | | 4 Industrial chemicals & plastics | | 3,739 | | | 3,647 | | | 3 | | | | 3,680 | | | 3,625 | | | 2 Metals & minerals | | 3,179 | | | 2,950 | | | 8 | | | | 3,106 | | | 2,967 | | | 5 Forest products | | 6,686 | | | 6,508 | | | 3 | | | | 6,599 | | | 6,387 | | | 3 Energy & specialized markets | | 4,711 | | | 4,439 | | | 6 | | | | 4,610 | | | 4,436 | | | 4 Industrial | | 4,075 | | | 3,885 | | | 5 | | | | 3,995 | | | 3,881 | | | 3 Automotive | | 3,350 | | | 3,034 | | | 10 | | | | 3,214 | | | 3,004 | | | 7 Intermodal [a] | | 1,626 | | | 1,345 | | | 21 | | | | 1,521 | | | 1,355 | | | 12 Premium | | 1,966 | | | 1,688 | | | 16 | | | | 1,847 | | | 1,673 | | | 10 Average | | $ | | 3,014 | | | $ | | 2,764 | | | 9 % | | $ | | 2,923 | | | $ | | 2,739 | | | 7 % [a] For intermodal shipments each container or trailer equals one carload.

Industrial Revenue Carloads

586

Revenue carloads | | Three months ended June 30, | | | Six months ended June 30, Thousands | | 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | 242 | | | 216 | | | 12 % | | 485 | | | 430 | | | 13 % Fertilizer | | 54 | | | 55 | | | (2) | | | | 106 | | | 104 | | | 2 Food & refrigerated | | 42 | | | 43 | | | (2) | | | | 81 | | | 86 | | | (6) Coal & renewables | | 176 | | | 205 | | | (14) | | | | 390 | | | 390 | | | - Bulk | | 514 | | | 519 | | | (1) | | | | 1,062 | | | 1,010 | | | 5 Industrial chemicals & plastics | | 183 | | | 177 | | | 3 | | | | 364 | | | 346 | | | 5 Metals & minerals | | 196 | | | 191 | | | 3 | | | | 379 | | | 365 | | | 4 Forest products | | 53 | | | 52 | | | 2 | | | | 102 | | | 103 | | | (1) Energy & specialized markets | | 154 | | | 149 | | | 3 | | | | 301 | | | 292 | | | 3 Industrial | | 586 | | | 569 | | | 3 | | | | 1,146 | | | 1,106 | | | 4 Automotive | | 210 | | | 209 | | | - | | | | 393 | | | 404 | | | (3) Intermodal [a] | | 853 | | | 817 | | | 4 | | | | 1,645 | | | 1,691 | | | (3) Premium | | 1,063 | | | 1,026 | | | 4 | | | | 2,038 | | | 2,095 | | | (3) Total | | 2,163 | | | 2,114 | | | 2 % | | 4,246 | | | 4,211 | | | 1 % Average revenue per car | | Three months ended June 30, | | | Six months ended June 30, 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | $ | | 4,568 | | | $ | | 4,467 | | | 2 % | | $ | | 4,456 | | | $ | | 4,451 | | | - % Fertilizer | | 3,995 | | | 3,627 | | | 10 | | | | 4,273 | | | 3,959 | | | 8 Food & refrigerated | | 6,474 | | | 6,237 | | | 4 | | | | 6,445 | | | 6,147 | | | 5 Coal & renewables | | 2,546 | | | 2,283 | | | 12 | | | | 2,395 | | | 2,267 | | | 6 Bulk | | 3,971 | | | 3,659 | | | 9 | | | | 3,831 | | | 3,700 | | | 4 Industrial chemicals & plastics | | 3,739 | | | 3,647 | | | 3 | | | | 3,680 | | | 3,625 | | | 2 Metals & minerals | | 3,179 | | | 2,950 | | | 8 | | | | 3,106 | | | 2,967 | | | 5 Forest products | | 6,686 | | | 6,508 | | | 3 | | | | 6,599 | | | 6,387 | | | 3 Energy & specialized markets | | 4,711 | | | 4,439 | | | 6 | | | | 4,610 | | | 4,436 | | | 4 Industrial | | 4,075 | | | 3,885 | | | 5 | | | | 3,995 | | | 3,881 | | | 3 Automotive | | 3,350 | | | 3,034 | | | 10 | | | | 3,214 | | | 3,004 | | | 7 Intermodal [a] | | 1,626 | | | 1,345 | | | 21 | | | | 1,521 | | | 1,355 | | | 12 Premium | | 1,966 | | | 1,688 | | | 16 | | | | 1,847 | | | 1,673 | | | 10 Average | | $ | | 3,014 | | | $ | | 2,764 | | | 9 % | | $ | | 2,923 | | | $ | | 2,739 | | | 7 % [a] For intermodal shipments each container or trailer equals one carload.

Intermodal Revenue Carloads

853

Revenue carloads | | Three months ended June 30, | | | Six months ended June 30, Thousands | | 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | 242 | | | 216 | | | 12 % | | 485 | | | 430 | | | 13 % Fertilizer | | 54 | | | 55 | | | (2) | | | | 106 | | | 104 | | | 2 Food & refrigerated | | 42 | | | 43 | | | (2) | | | | 81 | | | 86 | | | (6) Coal & renewables | | 176 | | | 205 | | | (14) | | | | 390 | | | 390 | | | - Bulk | | 514 | | | 519 | | | (1) | | | | 1,062 | | | 1,010 | | | 5 Industrial chemicals & plastics | | 183 | | | 177 | | | 3 | | | | 364 | | | 346 | | | 5 Metals & minerals | | 196 | | | 191 | | | 3 | | | | 379 | | | 365 | | | 4 Forest products | | 53 | | | 52 | | | 2 | | | | 102 | | | 103 | | | (1) Energy & specialized markets | | 154 | | | 149 | | | 3 | | | | 301 | | | 292 | | | 3 Industrial | | 586 | | | 569 | | | 3 | | | | 1,146 | | | 1,106 | | | 4 Automotive | | 210 | | | 209 | | | - | | | | 393 | | | 404 | | | (3) Intermodal [a] | | 853 | | | 817 | | | 4 | | | | 1,645 | | | 1,691 | | | (3) Premium | | 1,063 | | | 1,026 | | | 4 | | | | 2,038 | | | 2,095 | | | (3) Total | | 2,163 | | | 2,114 | | | 2 % | | 4,246 | | | 4,211 | | | 1 % Average revenue per car | | Three months ended June 30, | | | Six months ended June 30, 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | $ | | 4,568 | | | $ | | 4,467 | | | 2 % | | $ | | 4,456 | | | $ | | 4,451 | | | - % Fertilizer | | 3,995 | | | 3,627 | | | 10 | | | | 4,273 | | | 3,959 | | | 8 Food & refrigerated | | 6,474 | | | 6,237 | | | 4 | | | | 6,445 | | | 6,147 | | | 5 Coal & renewables | | 2,546 | | | 2,283 | | | 12 | | | | 2,395 | | | 2,267 | | | 6 Bulk | | 3,971 | | | 3,659 | | | 9 | | | | 3,831 | | | 3,700 | | | 4 Industrial chemicals & plastics | | 3,739 | | | 3,647 | | | 3 | | | | 3,680 | | | 3,625 | | | 2 Metals & minerals | | 3,179 | | | 2,950 | | | 8 | | | | 3,106 | | | 2,967 | | | 5 Forest products | | 6,686 | | | 6,508 | | | 3 | | | | 6,599 | | | 6,387 | | | 3 Energy & specialized markets | | 4,711 | | | 4,439 | | | 6 | | | | 4,610 | | | 4,436 | | | 4 Industrial | | 4,075 | | | 3,885 | | | 5 | | | | 3,995 | | | 3,881 | | | 3 Automotive | | 3,350 | | | 3,034 | | | 10 | | | | 3,214 | | | 3,004 | | | 7 Intermodal [a] | | 1,626 | | | 1,345 | | | 21 | | | | 1,521 | | | 1,355 | | | 12 Premium | | 1,966 | | | 1,688 | | | 16 | | | | 1,847 | | | 1,673 | | | 10 Average | | $ | | 3,014 | | | $ | | 2,764 | | | 9 % | | $ | | 2,923 | | | $ | | 2,739 | | | 7 % [a] For intermodal shipments each container or trailer equals one carload.

Metals & Minerals Revenue Carloads

196

Revenue carloads | | Three months ended June 30, | | | Six months ended June 30, Thousands | | 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | 242 | | | 216 | | | 12 % | | 485 | | | 430 | | | 13 % Fertilizer | | 54 | | | 55 | | | (2) | | | | 106 | | | 104 | | | 2 Food & refrigerated | | 42 | | | 43 | | | (2) | | | | 81 | | | 86 | | | (6) Coal & renewables | | 176 | | | 205 | | | (14) | | | | 390 | | | 390 | | | - Bulk | | 514 | | | 519 | | | (1) | | | | 1,062 | | | 1,010 | | | 5 Industrial chemicals & plastics | | 183 | | | 177 | | | 3 | | | | 364 | | | 346 | | | 5 Metals & minerals | | 196 | | | 191 | | | 3 | | | | 379 | | | 365 | | | 4 Forest products | | 53 | | | 52 | | | 2 | | | | 102 | | | 103 | | | (1) Energy & specialized markets | | 154 | | | 149 | | | 3 | | | | 301 | | | 292 | | | 3 Industrial | | 586 | | | 569 | | | 3 | | | | 1,146 | | | 1,106 | | | 4 Automotive | | 210 | | | 209 | | | - | | | | 393 | | | 404 | | | (3) Intermodal [a] | | 853 | | | 817 | | | 4 | | | | 1,645 | | | 1,691 | | | (3) Premium | | 1,063 | | | 1,026 | | | 4 | | | | 2,038 | | | 2,095 | | | (3) Total | | 2,163 | | | 2,114 | | | 2 % | | 4,246 | | | 4,211 | | | 1 % Average revenue per car | | Three months ended June 30, | | | Six months ended June 30, 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | $ | | 4,568 | | | $ | | 4,467 | | | 2 % | | $ | | 4,456 | | | $ | | 4,451 | | | - % Fertilizer | | 3,995 | | | 3,627 | | | 10 | | | | 4,273 | | | 3,959 | | | 8 Food & refrigerated | | 6,474 | | | 6,237 | | | 4 | | | | 6,445 | | | 6,147 | | | 5 Coal & renewables | | 2,546 | | | 2,283 | | | 12 | | | | 2,395 | | | 2,267 | | | 6 Bulk | | 3,971 | | | 3,659 | | | 9 | | | | 3,831 | | | 3,700 | | | 4 Industrial chemicals & plastics | | 3,739 | | | 3,647 | | | 3 | | | | 3,680 | | | 3,625 | | | 2 Metals & minerals | | 3,179 | | | 2,950 | | | 8 | | | | 3,106 | | | 2,967 | | | 5 Forest products | | 6,686 | | | 6,508 | | | 3 | | | | 6,599 | | | 6,387 | | | 3 Energy & specialized markets | | 4,711 | | | 4,439 | | | 6 | | | | 4,610 | | | 4,436 | | | 4 Industrial | | 4,075 | | | 3,885 | | | 5 | | | | 3,995 | | | 3,881 | | | 3 Automotive | | 3,350 | | | 3,034 | | | 10 | | | | 3,214 | | | 3,004 | | | 7 Intermodal [a] | | 1,626 | | | 1,345 | | | 21 | | | | 1,521 | | | 1,355 | | | 12 Premium | | 1,966 | | | 1,688 | | | 16 | | | | 1,847 | | | 1,673 | | | 10 Average | | $ | | 3,014 | | | $ | | 2,764 | | | 9 % | | $ | | 2,923 | | | $ | | 2,739 | | | 7 % [a] For intermodal shipments each container or trailer equals one carload.

Premium Revenue Carloads

1.1K

Revenue carloads | | Three months ended June 30, | | | Six months ended June 30, Thousands | | 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | 242 | | | 216 | | | 12 % | | 485 | | | 430 | | | 13 % Fertilizer | | 54 | | | 55 | | | (2) | | | | 106 | | | 104 | | | 2 Food & refrigerated | | 42 | | | 43 | | | (2) | | | | 81 | | | 86 | | | (6) Coal & renewables | | 176 | | | 205 | | | (14) | | | | 390 | | | 390 | | | - Bulk | | 514 | | | 519 | | | (1) | | | | 1,062 | | | 1,010 | | | 5 Industrial chemicals & plastics | | 183 | | | 177 | | | 3 | | | | 364 | | | 346 | | | 5 Metals & minerals | | 196 | | | 191 | | | 3 | | | | 379 | | | 365 | | | 4 Forest products | | 53 | | | 52 | | | 2 | | | | 102 | | | 103 | | | (1) Energy & specialized markets | | 154 | | | 149 | | | 3 | | | | 301 | | | 292 | | | 3 Industrial | | 586 | | | 569 | | | 3 | | | | 1,146 | | | 1,106 | | | 4 Automotive | | 210 | | | 209 | | | - | | | | 393 | | | 404 | | | (3) Intermodal [a] | | 853 | | | 817 | | | 4 | | | | 1,645 | | | 1,691 | | | (3) Premium | | 1,063 | | | 1,026 | | | 4 | | | | 2,038 | | | 2,095 | | | (3) Total | | 2,163 | | | 2,114 | | | 2 % | | 4,246 | | | 4,211 | | | 1 % Average revenue per car | | Three months ended June 30, | | | Six months ended June 30, 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | $ | | 4,568 | | | $ | | 4,467 | | | 2 % | | $ | | 4,456 | | | $ | | 4,451 | | | - % Fertilizer | | 3,995 | | | 3,627 | | | 10 | | | | 4,273 | | | 3,959 | | | 8 Food & refrigerated | | 6,474 | | | 6,237 | | | 4 | | | | 6,445 | | | 6,147 | | | 5 Coal & renewables | | 2,546 | | | 2,283 | | | 12 | | | | 2,395 | | | 2,267 | | | 6 Bulk | | 3,971 | | | 3,659 | | | 9 | | | | 3,831 | | | 3,700 | | | 4 Industrial chemicals & plastics | | 3,739 | | | 3,647 | | | 3 | | | | 3,680 | | | 3,625 | | | 2 Metals & minerals | | 3,179 | | | 2,950 | | | 8 | | | | 3,106 | | | 2,967 | | | 5 Forest products | | 6,686 | | | 6,508 | | | 3 | | | | 6,599 | | | 6,387 | | | 3 Energy & specialized markets | | 4,711 | | | 4,439 | | | 6 | | | | 4,610 | | | 4,436 | | | 4 Industrial | | 4,075 | | | 3,885 | | | 5 | | | | 3,995 | | | 3,881 | | | 3 Automotive | | 3,350 | | | 3,034 | | | 10 | | | | 3,214 | | | 3,004 | | | 7 Intermodal [a] | | 1,626 | | | 1,345 | | | 21 | | | | 1,521 | | | 1,355 | | | 12 Premium | | 1,966 | | | 1,688 | | | 16 | | | | 1,847 | | | 1,673 | | | 10 Average | | $ | | 3,014 | | | $ | | 2,764 | | | 9 % | | $ | | 2,923 | | | $ | | 2,739 | | | 7 % [a] For intermodal shipments each container or trailer equals one carload.

Total Revenue Carloads

2.2K

Revenue carloads | | Three months ended June 30, | | | Six months ended June 30, Thousands | | 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | 242 | | | 216 | | | 12 % | | 485 | | | 430 | | | 13 % Fertilizer | | 54 | | | 55 | | | (2) | | | | 106 | | | 104 | | | 2 Food & refrigerated | | 42 | | | 43 | | | (2) | | | | 81 | | | 86 | | | (6) Coal & renewables | | 176 | | | 205 | | | (14) | | | | 390 | | | 390 | | | - Bulk | | 514 | | | 519 | | | (1) | | | | 1,062 | | | 1,010 | | | 5 Industrial chemicals & plastics | | 183 | | | 177 | | | 3 | | | | 364 | | | 346 | | | 5 Metals & minerals | | 196 | | | 191 | | | 3 | | | | 379 | | | 365 | | | 4 Forest products | | 53 | | | 52 | | | 2 | | | | 102 | | | 103 | | | (1) Energy & specialized markets | | 154 | | | 149 | | | 3 | | | | 301 | | | 292 | | | 3 Industrial | | 586 | | | 569 | | | 3 | | | | 1,146 | | | 1,106 | | | 4 Automotive | | 210 | | | 209 | | | - | | | | 393 | | | 404 | | | (3) Intermodal [a] | | 853 | | | 817 | | | 4 | | | | 1,645 | | | 1,691 | | | (3) Premium | | 1,063 | | | 1,026 | | | 4 | | | | 2,038 | | | 2,095 | | | (3) Total | | 2,163 | | | 2,114 | | | 2 % | | 4,246 | | | 4,211 | | | 1 % Average revenue per car | | Three months ended June 30, | | | Six months ended June 30, 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Grain & grain products | | $ | | 4,568 | | | $ | | 4,467 | | | 2 % | | $ | | 4,456 | | | $ | | 4,451 | | | - % Fertilizer | | 3,995 | | | 3,627 | | | 10 | | | | 4,273 | | | 3,959 | | | 8 Food & refrigerated | | 6,474 | | | 6,237 | | | 4 | | | | 6,445 | | | 6,147 | | | 5 Coal & renewables | | 2,546 | | | 2,283 | | | 12 | | | | 2,395 | | | 2,267 | | | 6 Bulk | | 3,971 | | | 3,659 | | | 9 | | | | 3,831 | | | 3,700 | | | 4 Industrial chemicals & plastics | | 3,739 | | | 3,647 | | | 3 | | | | 3,680 | | | 3,625 | | | 2 Metals & minerals | | 3,179 | | | 2,950 | | | 8 | | | | 3,106 | | | 2,967 | | | 5 Forest products | | 6,686 | | | 6,508 | | | 3 | | | | 6,599 | | | 6,387 | | | 3 Energy & specialized markets | | 4,711 | | | 4,439 | | | 6 | | | | 4,610 | | | 4,436 | | | 4 Industrial | | 4,075 | | | 3,885 | | | 5 | | | | 3,995 | | | 3,881 | | | 3 Automotive | | 3,350 | | | 3,034 | | | 10 | | | | 3,214 | | | 3,004 | | | 7 Intermodal [a] | | 1,626 | | | 1,345 | | | 21 | | | | 1,521 | | | 1,355 | | | 12 Premium | | 1,966 | | | 1,688 | | | 16 | | | | 1,847 | | | 1,673 | | | 10 Average | | $ | | 3,014 | | | $ | | 2,764 | | | 9 % | | $ | | 2,923 | | | $ | | 2,739 | | | 7 % [a] For intermodal shipments each container or trailer equals one carload.

Average Total Employees

28.8K

OTHER OPERATING/PERFORMANCE AND FINANCIAL STATISTICS We report a number of key performance measures weekly to the STB. We provide these on our website at https://investor.unionpacific.com/key-performance-metrics. Operating/performance statistics Management continuously monitors these key operating metrics to evaluate our operational efficiency in striving to deliver the service product we sold to our customers. Railroad performance measures are included in the table below: Three months ended June 30, | | | Six months ended June 30, 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Gross ton-miles (GTMs) (billions) | | 225.2 | | 220.3 | | 2% | | 445.7 | | 433.1 | | 3% Revenue ton-miles (billions) | | 109.9 | | 107.6 | | 2 | | | | 221.4 | | 211.6 | | 5 Freight car velocity (daily miles per car) | | 231 | | 221 | | 5 | | | | 233 | | 218 | | 7 Average train speed (miles per hour) [a] | | 24.7 | | 23.9 | | 3 | | | | 25.1 | | 23.8 | | 5 Average terminal dwell time (hours) [a] | | 19.7 | | 21.2 | | (7) | | | | 19.7 | | 21.7 | | (9) Locomotive productivity (GTMs per horsepower day) | | 142 | | 141 | | 1 | | | | 143 | | 138 | | 4 Train length (feet) | | 9,890 | | 9,689 | | 2 | | | | 9,819 | | 9,590 | | 2 Intermodal service performance index (%) | | 95 | | | 99 | | | (4) pts | | 96 | | | 96 | | | - pts Manifest service performance index (%) | | 95 | | | 97 | | | (2) pts | | 96 | | | 95 | | | 1 pts Workforce productivity (car miles per employee) | | 1,176 | | 1,124 | | 5 | | | | 1,170 | | 1,108 | | 6 Total employees (average) | | 28,786 | | 29,711 | | (3) | | | | 28,716 | | 29,929 | | (4) Operating ratio (%) | | 59.7 | | | 59.0 | | | 0.7 pts | | 60.1 | | | 59.8 | | | 0.3 pts [a] As reported to the STB. Gross and revenue ton-miles – Gross ton-miles are calculated by multiplying the weight of loaded and empty freight cars by the number of miles hauled. Revenue ton-miles are calculated by multiplying the weight of freight by the number of rate miles. Gross ton-miles and revenue ton-miles both increased 2% in the second quarter of 2026 compared to 2025, consistent with the increase in carloads over the same time period. For the year-to-date period of 2026 compared to 2025, gross ton-miles increased 3% and revenue ton-miles increased 5% while corresponding carloads increased 1%. The variances in gross ton-miles, revenue ton-miles, and carloads was driven by changes in business mix due to higher grain shipments that are generally heavier and decreased intermodal shipments that are generally lighter. Freight car velocity – Freight car velocity measures the average daily miles per car on our network. The two key drivers of this metric are the speed of the train between terminals (average train speed) and the time a rail car spends at the terminals (average terminal dwell time). Freight car velocity increased 5% and 7%, respectively, in the second quarter and year-to-date periods of 2026 compared to 2025 driven by a decrease in terminal dwell combined with train speed improvement in both periods. Locomotive productivity – Locomotive productivity is gross ton-miles per average daily locomotive horsepower available. Locomotive productivity increased 1% and 4%, respectively, in the second quarter and year-to-date periods of 2026, driven by continued network fluidity and asset utilization as the average active fleet decreased 1% and 3%, respectively, even as gross ton-miles increased during both periods. 26 Table of Contents Train length – Train length is the average maximum train length on a route measured in feet. Train length increased 2% in the second quarter and year-to-date periods of 2026 compared to 2025 due to train length improvement initiatives, specifically driven by mainline capacity investments and optimization of the transportation plan, which enabled us to handle more carloads. Service performance index (SPI) – SPI is a ratio of the service customers are currently receiving relative to the best monthly performance over the last three years. Measuring our performance relative to a historical benchmark demonstrates our focus on continuously improving service for our customers. Our SPI is calculated for intermodal and manifest products. Intermodal SPI declined 4 points and was unchanged, respectively, in the second quarter and year-to-date periods of 2026 compared to 2025. Manifest SPI declined 2 points while improving 1 point, respectively, in the second quarter and year-to-date periods of 2026 compared to 2025. The lower SPI results were driven by comparison against a higher benchmark standard. Workforce productivity – Workforce productivity is average daily car miles per employee. Workforce productivity improved 5% and 6%, respectively, in the second quarter and year-to-date periods of 2026 compared to 2025. Increased average daily car miles, which grew 1% in each period, combined with 3% and 4% lower employee levels in the second quarter and year-to-date periods, respectively, drove the improvement. Demonstrating our commitment to meet customer demands while maintaining operational fluidity, we continually align our active train, engine, and yard (TE&Y) workforce. Operating ratio – Operating ratio is our operating expenses reflected as a percentage of operating revenues. For the second quarter and year-to-date periods of 2026, our operating ratio of 59.7% and 60.1% deteriorated 0.7 and 0.3 points, respectively, as the impact of higher fuel prices, inflation, and acquisition-related expenses more than offset core pricing gains, productivity initiatives, and the positive comparison from the $55 million crew staffing agreement ratification charge in 2025.

Workforce Productivity

1.2K

OTHER OPERATING/PERFORMANCE AND FINANCIAL STATISTICS We report a number of key performance measures weekly to the STB. We provide these on our website at https://investor.unionpacific.com/key-performance-metrics. Operating/performance statistics Management continuously monitors these key operating metrics to evaluate our operational efficiency in striving to deliver the service product we sold to our customers. Railroad performance measures are included in the table below: Three months ended June 30, | | | Six months ended June 30, 2026 | | 2025 | | Change | | | 2026 | | 2025 | | Change Gross ton-miles (GTMs) (billions) | | 225.2 | | 220.3 | | 2% | | 445.7 | | 433.1 | | 3% Revenue ton-miles (billions) | | 109.9 | | 107.6 | | 2 | | | | 221.4 | | 211.6 | | 5 Freight car velocity (daily miles per car) | | 231 | | 221 | | 5 | | | | 233 | | 218 | | 7 Average train speed (miles per hour) [a] | | 24.7 | | 23.9 | | 3 | | | | 25.1 | | 23.8 | | 5 Average terminal dwell time (hours) [a] | | 19.7 | | 21.2 | | (7) | | | | 19.7 | | 21.7 | | (9) Locomotive productivity (GTMs per horsepower day) | | 142 | | 141 | | 1 | | | | 143 | | 138 | | 4 Train length (feet) | | 9,890 | | 9,689 | | 2 | | | | 9,819 | | 9,590 | | 2 Intermodal service performance index (%) | | 95 | | | 99 | | | (4) pts | | 96 | | | 96 | | | - pts Manifest service performance index (%) | | 95 | | | 97 | | | (2) pts | | 96 | | | 95 | | | 1 pts Workforce productivity (car miles per employee) | | 1,176 | | 1,124 | | 5 | | | | 1,170 | | 1,108 | | 6 Total employees (average) | | 28,786 | | 29,711 | | (3) | | | | 28,716 | | 29,929 | | (4) Operating ratio (%) | | 59.7 | | | 59.0 | | | 0.7 pts | | 60.1 | | | 59.8 | | | 0.3 pts [a] As reported to the STB. Gross and revenue ton-miles – Gross ton-miles are calculated by multiplying the weight of loaded and empty freight cars by the number of miles hauled. Revenue ton-miles are calculated by multiplying the weight of freight by the number of rate miles. Gross ton-miles and revenue ton-miles both increased 2% in the second quarter of 2026 compared to 2025, consistent with the increase in carloads over the same time period. For the year-to-date period of 2026 compared to 2025, gross ton-miles increased 3% and revenue ton-miles increased 5% while corresponding carloads increased 1%. The variances in gross ton-miles, revenue ton-miles, and carloads was driven by changes in business mix due to higher grain shipments that are generally heavier and decreased intermodal shipments that are generally lighter. Freight car velocity – Freight car velocity measures the average daily miles per car on our network. The two key drivers of this metric are the speed of the train between terminals (average train speed) and the time a rail car spends at the terminals (average terminal dwell time). Freight car velocity increased 5% and 7%, respectively, in the second quarter and year-to-date periods of 2026 compared to 2025 driven by a decrease in terminal dwell combined with train speed improvement in both periods. Locomotive productivity – Locomotive productivity is gross ton-miles per average daily locomotive horsepower available. Locomotive productivity increased 1% and 4%, respectively, in the second quarter and year-to-date periods of 2026, driven by continued network fluidity and asset utilization as the average active fleet decreased 1% and 3%, respectively, even as gross ton-miles increased during both periods. 26 Table of Contents Train length – Train length is the average maximum train length on a route measured in feet. Train length increased 2% in the second quarter and year-to-date periods of 2026 compared to 2025 due to train length improvement initiatives, specifically driven by mainline capacity investments and optimization of the transportation plan, which enabled us to handle more carloads. Service performance index (SPI) – SPI is a ratio of the service customers are currently receiving relative to the best monthly performance over the last three years. Measuring our performance relative to a historical benchmark demonstrates our focus on continuously improving service for our customers. Our SPI is calculated for intermodal and manifest products. Intermodal SPI declined 4 points and was unchanged, respectively, in the second quarter and year-to-date periods of 2026 compared to 2025. Manifest SPI declined 2 points while improving 1 point, respectively, in the second quarter and year-to-date periods of 2026 compared to 2025. The lower SPI results were driven by comparison against a higher benchmark standard. Workforce productivity – Workforce productivity is average daily car miles per employee. Workforce productivity improved 5% and 6%, respectively, in the second quarter and year-to-date periods of 2026 compared to 2025. Increased average daily car miles, which grew 1% in each period, combined with 3% and 4% lower employee levels in the second quarter and year-to-date periods, respectively, drove the improvement. Demonstrating our commitment to meet customer demands while maintaining operational fluidity, we continually align our active train, engine, and yard (TE&Y) workforce. Operating ratio – Operating ratio is our operating expenses reflected as a percentage of operating revenues. For the second quarter and year-to-date periods of 2026, our operating ratio of 59.7% and 60.1% deteriorated 0.7 and 0.3 points, respectively, as the impact of higher fuel prices, inflation, and acquisition-related expenses more than offset core pricing gains, productivity initiatives, and the positive comparison from the $55 million crew staffing agreement ratification charge in 2025.