In 2023, Union Pacific's trains reached an average speed of about 24.2 miles per hour. The average speed is influenced by network fluidity.
Union Pacific as a market leader
As of May 2024, the U.S. railway company was ranked the largest in the world at a market value of just over 149 billion U.S. dollars. The company initiated a program to repurchase its own shares in 2010. As a result, the number of shares outstanding declined to 622 million in the 2022 fiscal year and Union Pacific's earnings per share increased to 11.21 U.S. dollars.
Freight revenue in North America
With the longest rail network in the world, the U.S. capitalizes on its railway by transporting commodities such as agricultural and intermodal products across its rail routes. In the 2023 fiscal year, Union Pacific reported that industrial commodities (comprising industrial construction, chemicals, among other things) contributed the most to freight revenue. Revenue streams for Canadian National Railway in the same year reveal that intermodal commodities and agriculture were among the commodities that boasted the highest freight revenue.
Union Pacific's average train speed from FY 2013 to FY 2023
(in miles per hour)
According to the source, the average train speed is calculated by dividing the train miles by the hours transported on the main lines between terminals.
Figures prior to 2021 were taken from previous annual reports..
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Union Pacific. (February 8, 2024). Union Pacific's average train speed from FY 2013 to FY 2023 (in miles per hour) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/547745/average-train-speed-union-pacific-railroad/
Union Pacific. "Union Pacific's average train speed from FY 2013 to FY 2023 (in miles per hour)." Chart. February 8, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/547745/average-train-speed-union-pacific-railroad/
Union Pacific. (2024). Union Pacific's average train speed from FY 2013 to FY 2023 (in miles per hour). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/547745/average-train-speed-union-pacific-railroad/
Union Pacific. "Union Pacific's Average Train Speed from Fy 2013 to Fy 2023 (in Miles per Hour)." Statista, Statista Inc., 8 Feb 2024, https://www.statista.com/statistics/547745/average-train-speed-union-pacific-railroad/
Union Pacific, Union Pacific's average train speed from FY 2013 to FY 2023 (in miles per hour) Statista, https://www.statista.com/statistics/547745/average-train-speed-union-pacific-railroad/ (last visited December 21, 2024)
Union Pacific's average train speed from FY 2013 to FY 2023 (in miles per hour) [Graph], Union Pacific, February 8, 2024. [Online]. Available: https://www.statista.com/statistics/547745/average-train-speed-union-pacific-railroad/