Railroad Trends · Indexed comparison

Compare quarterly trends.

See how selected measures changed from the same starting quarter. Exact values and annual traffic remain separate.

Union Pacific Railroad3 measures · 2025 Q1–2026 Q2

Quarterly · relative movement

Your comparison

Index: first selected quarter = 100.

Average employeesOperating revenueTotal capital expenditures
Union Pacific · solid
Indexed quarterly comparison: Union Pacific Average employees, Union Pacific Operating revenue, Union Pacific Total capital expendituresFrom 2025 Q1 to 2026 Q2. Every available line starts at 100. Exact values are in the following table. Similar movement does not establish causation.11711110599932025 Q12025 Q22025 Q32025 Q42026 Q12026 Q2Union Pacific · Average employees, 2025 Q1: index 100.0; 32,033Union Pacific · Average employees, 2025 Q2: index 99.6; 31,891Union Pacific · Average employees, 2025 Q3: index 97.7; 31,303Union Pacific · Average employees, 2025 Q4: index 96.8; 31,014Union Pacific · Average employees, 2026 Q1: index 96.2; 30,806Union Pacific · Average employees, 2026 Q2: index 96.5; 30,910Union Pacific · Operating revenue, 2025 Q1: index 100.0; $6,011,166,000Union Pacific · Operating revenue, 2025 Q2: index 102.1; $6,135,828,000Union Pacific · Operating revenue, 2025 Q3: index 103.6; $6,228,503,000Union Pacific · Operating revenue, 2025 Q4: index 100.9; $6,067,294,000Union Pacific · Operating revenue, 2026 Q1: index 103.1; $6,198,587,000Union Pacific · Operating revenue, 2026 Q2: index 113.9; $6,845,490,000Union Pacific · Total capital expenditures, 2025 Q1: index 100.0; $958,443,000Union Pacific · Total capital expenditures, 2025 Q2: index 101.0; $968,296,000Union Pacific · Total capital expenditures, 2025 Q3: index 106.0; $1,015,593,000Union Pacific · Total capital expenditures, 2025 Q4: index 104.4; $1,000,471,000Union Pacific · Total capital expenditures, 2026 Q1: index 99.3; $951,292,000Union Pacific · Total capital expenditures, 2026 Q2: index 98.1; $940,389,000
Indexed lines compare relative movement, not railroad size or absolute performance. Co-movement does not establish causation.
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STB reportedRailStats calculatedIndexed comparison

120 means 20% higher. Color identifies the measure; line style identifies the railroad.

Quarter readout

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2026 Q2 · change from 2025 Q1

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All selected lines at 2026 Q2. Changes are RailStats.org calculations relative to the starting quarter.
Railroad / measureExact valueIndexChange from start
Union Pacific · Average employeesRailStats calculated30,91096.5-3.5%
Union Pacific · Operating revenueRailStats calculated$6,845,490,000113.9+13.9%
Union Pacific · Total capital expendituresRailStats calculated$940,389,00098.1-1.9%

100 is the starting value. Percentage change = index − 100; for a percentage-valued measure, this is relative change, not percentage points. A dash means unavailable.

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Annual traffic

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Exact quarterly values and calculated indexes

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Source-unit values · index from 2025 Q1. A dash means unavailable, never zero.
Railroad / measure2025 Q12025 Q22025 Q32025 Q42026 Q12026 Q2
Union Pacific · Average employeesRailStats calculated32,033Index 100.031,891Index 99.631,303Index 97.731,014Index 96.830,806Index 96.230,910Index 96.5
Union Pacific · Operating revenueRailStats calculated$6,011,166,000Index 100.0$6,135,828,000Index 102.1$6,228,503,000Index 103.6$6,067,294,000Index 100.9$6,198,587,000Index 103.1$6,845,490,000Index 113.9
Union Pacific · Total capital expendituresRailStats calculated$958,443,000Index 100.0$968,296,000Index 101.0$1,015,593,000Index 106.0$1,000,471,000Index 104.4$951,292,000Index 99.3$940,389,000Index 98.1

Separate period · annual traffic

2025 full-year traffic

Only one annual year is available, so these are snapshots, not trend lines. Annual totals are not repeated across quarters or plotted on the quarterly index. Timeline controls above do not change this full-year view.

Carloads

STB reported · carloads

Union Pacific8,400,090

Tons

STB reported · tons

Union Pacific469,219,629

Gross freight revenue

STB reported · nominal USD

Union Pacific$24,375,562,566

Each measure has its own bar scale. Larger totals reflect scale of operations; they do not by themselves indicate efficiency or better performance.

Sources, formulas, and limits

Average employees

RailStats calculated · Quarterly Wage A&B

Sum of the six STB-reported occupational-group average-employee values. Quarterly average. Not a point-in-time headcount.

Operating revenue

RailStats calculated · Quarterly Revenue, Expenses & Income

Sum of five STB-reported operating-revenue line items. Quarterly nominal dollars.

Total capital expenditures

RailStats calculated · Quarterly Condensed Balance Sheet

STB-reported road expenditures plus STB-reported equipment expenditures. Quarter-only nominal dollars.

Index = selected-quarter value ÷ first-quarter value × 100. A zero, negative, or missing starting value cannot be indexed and is marked unavailable; later missing values break the line. Annual traffic uses the reported annual Freight Commodity Statistics totals.

Read methodology · Review official sources

How to read this view

Patterns can guide questions, not prove causes.

Reported facts, RailStats.org-calculated totals, and indexed values remain labeled separately. Annual traffic stays outside the quarterly overlay because its reporting period does not align.