MAAT INDEX

CLAIM #59735 · Union Pacific Corporation (UNP) · 2025Q4 earnings call · Jan 27, 2026 · due Dec 31, 2026

We are looking to grow our business that's what we're going to do in 2026.

Jim Vena · CEO

PENDING
graded after results covering Dec 31, 2026 are reported

How to check this claim

Look at: Union Pacific total freight volume growth (carloads or revenue ton-miles), full year 2026

It came true if: FY2026 volume higher than FY2025 reported figure (year-over-year growth > 0%)

Where: Company-disclosed operating statistics (10-K / quarterly earnings releases, volume tables)

In context

ughts on kind of combined strategy. So how do you approach volume? I think Norfolk had seen some volume shift over to CSX on J. B. Hunt. Don't know if there's any risk to your volume, but you think volume as you're in this kind of broader approval phase before you can run the railroad combined do you say, hey, we got to be aggressive on volume and kind of win volume back? Or get as much volume as we can, or is this like, hey. You know, we don't need to be too aggressive because when we got the combined railroad railroad, then we're gonna really go out there and win. Jim Vena: Listen. I can't tell Norfolk Southern what to do. Okay? And I'm not going to say publicly because I just can't. It would be illegal for me to tell them what to do. But I'll tell you what we're doing at Union Pacific. We are looking to grow our business that's what we're going to do in 2026. We're looking for every opportunity When you serve a customer that gives you 30 railcars, and they're served also by another railroad, in Texas. We want our service level is high, and our pricing is is good, then we would expect them to give us 32 cars. And 33 cars. So we're going out to grow our business. And if you take a look at the way we handled the Canadian Pacific merger with Kansas City, I think we've done an excellent job of growing our business in and out of Mexico even though they have a seamless railroad going in. True numbers are we've done a spectacular job with FXE and with Canadian Pacific. We still ship with Canadian Pacific into Mexico and we ship with the FXE into Mexico, both northbound and southbound. So that's the way I look at it, Tom, is this year, the merger is on

Verify independently

SEC filings for UNP · Claim quote is verbatim from the 2025Q4 earnings call.