Union Pacific executive says 2026 operating ratio challenged by higher fuel prices

UNP•2026-10-22

Union Pacific's CFO said fuel prices rose to $4.21 per gallon from $2.56 a year earlier and were weighing on margins. The CEO said he was confident in the merger application and that a CSX-BNSF merger would be better for the U.S.

Union Pacific executive says 2026 operating ratio challenged by higher fuel prices

1. Fuel costs weigh on margins

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