Union Pacific 2009 Annual Report Download - page 28

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28
Revenue Carloads % Change % Change
Thousands 2009 2008 2007 2009 v 2008 2008 v 2007
Agricultural 865 947 902 (9) % 5 %
Automotive 465 667 826 (30) (19)
Chemicals 761 885 928 (14) (5)
Energy 2,021 2,348 2,299 (14) 2
Industrial Products 899 1,249 1,325 (28) (6)
Intermodal 2,775 3,165 3,453 (12) (8)
Total 7,786 9,261 9,733 (16) % (5)%
Average Revenue per Car 2009 2008 2007 % Change
2009 v 2008 % Change
2008 v 2007
Agricultural $ 3,080 $ 3,352 $ 2,888 (8) % 16 %
Automotive 1,838 2,017 1,766 (9) 14
Chemicals 2,761 2,818 2,464 (2) 14
Energy 1,543 1,622 1,363 (5) 19
Industrial Products 2,388 2,620 2,322 (9) 13
Intermodal 896 955 847 (6) 13
Average $ 1,718 $ 1,848 $ 1,591 (7) % 16 %
Agricultural Products – Lower volume
and fuel surcharges decreased agricultural
freight revenue in 2009 versus 2008. Price
improvements partially offset these
declines. Lower demand in both export
and domestic markets led to fewer
shipments of corn and feed grains, down
11% in 2009 compared to 2008. Weaker
worldwide demand also reduced export
shipments of wheat and food grains in
2009 versus 2008.
Price improvements, fuel surcharges, and
volume growth generated higher
agricultural freight revenue in 2008 versus
2007. Strong global demand for grain and a weak dollar drove higher shipments of corn and feed grains
and shipments of wheat and food grains for 2008. Shipments of ethanol, a grain product used as an
alternative fuel and fuel additive, and its co-products (primarily livestock feed) also increased.
2009 Agricultural Revenue
WholeGrains
35%
Food/
Refrigerated
24%
Grain Products
41%