In July 2022, UNP’s Chairman, President, and CEO, Lance Fritz, said that factors like “limited carloadings” and “high fuel prices and increasing inflation” hurt its performance in the second quarter of 2022. As U.S. railroad companies and labor unions continue to resolve their differences, investors may want to know what could happen to their investments in railroad companies like Union Pacific (NYSE:UNP) in case things do not pan out well. In the second quarter, the quarterly freight car velocity of UNP declined 12%, while its quarterly locomotive productivity was down 12%.