Union Pacific recorded its strongest safety, operating and financial performance in 2025, according to the company’s full-year results published by the US freight railway.
The company said 2025 marked the best full-year safety performance in its history, placing Union Pacific at the top of the US rail sector for employee safety outcomes. Operating indicators also reached record levels, while the company maintained additional capacity buffers to manage service delivery for customers.
Union Pacific reported best-in-class financial performance for the year. The company attributed the results to service reliability, operating discipline and cost control, while continuing to deploy reserve resources to maintain network fluidity.
Alongside its operating results, Union Pacific confirmed ongoing engagement with the US Surface Transportation Board (STB) regarding its proposed transaction with Norfolk Southern. The STB has requested additional information covering three areas of the application, which Union Pacific said is a standard procedural step. The company plans to submit the requested information in the coming weeks and continues to target transaction completion in the first half of 2027.
Union Pacific stated that it expects labour protections under New York Dock conditions to be applied as part of the regulatory process, consistent with previous major rail transactions. In addition, the company said it has committed to employment guarantees for all unionised employees working on the closing date of the transaction.
In operational terms, Union Pacific reported that it moved 113,000 more carloads in 2025 than in 2024, reflecting higher network throughput alongside record operating metrics.
