# Who are Union Pacific Corporation's customers? Who does Union Pacific Corporation earn revenue from?
Canonical: https://valuechain.wiki/union-pacific · Facet: customers · Updated: 2026-09-24T12:56:00.739532+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Union Pacific Corporation's confirmed revenue counterparties include Martin Marietta Materials, Inc., FedEx, United Parcel Service plus 1 undisclosed/aggregate relationship. Per the valuechain.wiki graph: 4 revenue edges, backed by 4 dated sources, 1 of them primary filings (as of 2026-09-24).

### 마틴 마리에타 머티리얼스 (high)  → /martin-marietta-materials.md
- note: Union Pacific is a core rail carrier moving Texas quarry output to distribution yards in South Texas and Houston, and the 10-K says rail operations and negotiated shipping contracts directly affect costs and operations.
- [confirms] SEC EDGAR (EN, filing, published 2026-02-19) https://www.sec.gov/Archives/edgar/data/916076/000119312526059193/mlm-20251231.htm: "rail shipments result in continued reliance on railroad operations"
- [confirms] Union Pacific (EN, news, published 2016-09-16) https://www.up.com/aboutup/community/inside_track/martin-marietta-9-16-2016.htm: "Martin Marietta is one of Union Pacific's largest volume customers."

### 페덱스 (mid)  → /fedex.md
- note: FedEx is a premium intermodal customer that increased its use of Union Pacific during the 2025 holiday peak. Customer-specific revenue and volume were not disclosed.
- [confirms] Union Pacific (EN, ir, published 2026-02-09) https://www.up.com/news/service/union-pacific-perfect-peak-season-260209: "Alongside UPS, FedEx increased its presence on Union Pacific"

### United Parcel Service (mid)  → /united-parcel-service.md
- note: UPS is a major customer using Union Pacific's premium intermodal network for holiday parcel traffic. Customer-specific revenue and volume were not disclosed.
- [confirms] Union Pacific (EN, ir, published 2026-02-09) https://www.up.com/news/service/union-pacific-perfect-peak-season-260209: "Alongside UPS, FedEx increased its presence on Union Pacific"

### CF 인더스트리스 (mid)  → /cf-industries.md
- note: Union Pacific Corporation carries CF nitrogen fertilizer from the Donaldsonville and Port Neal complexes into major agricultural regions, while freight charges and contract value are not disclosed.
- [confirms] CF Industries (EN, ir, published 2022-04-14) https://www.cfindustries.com/newsroom/2022/union-pacific-shipping-restrictions: "CF Industries ships to customers via Union Pacific rail lines"

Reverse side: https://valuechain.wiki/union-pacific/suppliers.md · Ripple: https://valuechain.wiki/union-pacific/ripple.md

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Full node: https://valuechain.wiki/union-pacific.md · JSON: https://valuechain.wiki/union-pacific.json