Union Pacific Corporation has been given a Neutral rating by UBS due to its strong presence in the rail freight transportation sector.

The company's net sales are primarily driven by freight operations, which account for 93.6% of its revenue. Within this segment, industrial products contribute 36.5%, agricultural and related products make up 32.6%, and intermodal transportation and vehicles contribute 30.9%.

Union Pacific currently operates the largest rail network in North America, spanning 83,891 kilometers across 23 states. The company's fleet includes 7,154 locomotives, 59,189 freight cars, and 47,984 containers, solidifying its position as a key player in the logistics and transportation industry.