Union Pacific Q3 2026: Record Revenue, the Intermodal Surge, and the $85B Norfolk Southern Merger
Alex and Jordan break down Union Pacific's record third quarter: revenue up 15% to $7.2B, EPS $3.49, a 27% intermodal revenue surge, the fuel squeeze on the operating ratio, and where the $85B Norfolk Southern merger stands with regulators ahead of a targeted first-half 2027 close.
The skinny
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