US railroad Union Pacific turned charges meant to cover fuel costs from Iran war into profit

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By Lisa Baertlein and Tim McLaughlin

An aerial view of shipping containers and freight railway trains at the Union Pacific Los Angeles (UPLA) Intermodal Facility rail yard in Commerce, California, U.S., September 15, 2022

U.S. railroad Union Pacific (UNP.N)
, opens new tab collected $91.1 million more in fuel surcharges than it paid for fuel during the second quarter, far ‌outpacing rivals, according to a company filing with the Surface Transportation Board and first reported by Reuters.

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Updated: August 18, 2026 — 5:18 PM

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