Union Pacific stock fell Thursday as quarterly profit and revenue missed forecasts and the freight train giant said it faced an uncertain economic environment.

Railroad operator Union Pacific missed Wall Street estimates for first-quarter profit and revenue on Thursday, hurt by weak automotive shipments and lower fuel surcharge, sending its shares down 2% in premarket trading.

Union Pacific reported flat quarterly earnings today (April 24, 2025) as a decline in fuel surcharge revenue offset record freight revenue that flowed from industry-leading volume growth. “We had a solid start to the year