Union Pacific 2001 Annual Report Download - page 41

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The following tables summarize the year-over-year changes in rail commodity revenue, revenue carloads and average
revenue per car by commodity type:
Commodity Revenue in Millions of Dollars 2001 2000 Change
Agricultural ............................................................................................. $ 1,452 $ 1,400 4 %
Automotive ............................................................................................. 1,118 1,182 (5)
Chemicals................................................................................................ 1,547 1,640 (6)
Energy...................................................................................................... 2,399 2,154 11
Industrial Products ................................................................................. 1,970 1,985 (1)
Intermodal .............................................................................................. 1,905 1,909 -
Total ........................................................................................................ $10,391 $10,270 1 %
Revenue Carloads in Thousands 2001 2000 Change
Agricultural ............................................................................................. 875 873 - %
Automotive ............................................................................................. 763 815 (6)
Chemicals................................................................................................ 880 936 (6)
Energy...................................................................................................... 2,161 1,930 12
Industrial Products ................................................................................. 1,405 1,431 (2)
Intermodal .............................................................................................. 2,832 2,916 (3)
Total ........................................................................................................ 8,916 8,901 - %
Average Revenue Per Car 2001 2000 Change
Agricultural ............................................................................................. $ 1,659 $ 1,604 3 %
Automotive ............................................................................................. 1,465 1,450 1
Chemicals................................................................................................ 1,757 1,752 -
Energy...................................................................................................... 1,111 1,116 -
Industrial Products ................................................................................. 1,402 1,387 1
Intermodal .............................................................................................. 673 655 3
Total ........................................................................................................ $ 1,165 $ 1,154 1 %
Agricultural – Revenue increased 4%, due primarily to a 3% increase in average revenue per car. Carloads were flat, as
higher corn shipments and meals and oils exports were offset by a decrease in demand for domestic and export wheat
shipments and a poor sugar-beet harvest. Revenue gains were also achieved through increased beer imports from Mexico,
wine shipments from California to eastern markets, express service of fresh and frozen products and increased demand
for cottonseed. Average revenue per car increased due to a longer average length of haul, resulting from fewer short-haul
wheat and sweetener shipments combined with increased long-haul domestic and Mexico corn shipments.
Automotive – Revenue declined 5% as a result of a 6% decrease in carloads and a 1% increase in average revenue per car.
Materials volumes declined 16%, as the soft economy and a decline in vehicle sales led to high inventories, low industry
production and auto plant shutdowns. Total finished vehicle shipments declined only 1%, as industry weakness was
mitigated by market share gains. Consumer incentives in the fourth quarter stimulated vehicle sales and helped offset
weakness early in the year. Average revenue per car increased due to a shift in mix of materials shipped, resulting from
fewer shipments of materials with lower average revenue per car. Additionally, more materials were shipped in boxcars
rather than containers, which yield higher average revenue per car than containers.
Chemicals – Revenue declined 6%, due to a 6% decrease in carloads. Volume declines were the result of the soft
economy, as reduced demand for consumer durables led to high manufacturer inventories and weak demand for plastics.
Reduced industrial manufacturing also depressed demand for liquid and dry chemicals. Fertilizer and phosphate rock
revenues decreased as high energy costs early in the year reduced the market for these commodities. Average revenue per
car was flat, as the positive impact of fewer low average revenue per car phosphate rock shipments was offset by a decrease
in average revenue per car for soda ash shipments.
Energy – Energy commodity revenue increased 11% compared to 2000, due to a 12% increase in carloads. Records were
set in 2001 for total carloads, revenue and coal trains loaded per day in the Southern Powder River Basin in Wyoming