Union Pacific vs. Norfolk Southern: A Decade of Revenue Rivalry

In the competitive world of rail transportation, Union Pacific Corporation and Norfolk Southern Corporation have been industry titans. Over the past decade, Union Pacific has consistently outpaced Norfolk Southern in annual revenue. From 2014 to 2023, Union Pacific's revenue averaged around $22.4 billion, nearly double Norfolk Southern's $11.1 billion. Notably, in 2022, Union Pacific reached a peak revenue of approximately $24.9 billion, while Norfolk Southern hit its highest at $12.7 billion. This trend highlights Union Pacific's dominant market position, maintaining a revenue lead of about 100% over its rival. However, 2024 data for Norfolk Southern is missing, leaving room for speculation on whether they can close the gap. As the rail industry evolves, these giants continue to shape the economic landscape, with Union Pacific leading the charge.