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Note 2 - Operations and Segmentation
6 Months Ended
Jun. 30, 2023
Notes to Financial Statements  
Nature of Operations [Text Block]

2. Operations and Segmentation

 

The Railroad, along with its subsidiaries and rail affiliates, is our one reportable operating segment. Although we provide and analyze revenues by commodity group, we treat the financial results of the Railroad as one segment due to the integrated nature of our rail network. Our operating revenues are primarily derived from contracts with customers for the transportation of freight from origin to destination.

 

The following table represents a disaggregation of our freight and other revenues:

 

  

Three Months Ended

  

Six Months Ended

 
  

June 30,

  

June 30,

 

Millions

 

2023

  

2022

  

2023

  

2022

 

Bulk

 $1,757  $1,813  $3,654  $3,645 

Industrial

  2,086   2,091   4,103   4,012 

Premium

  1,726   1,938   3,468   3,625 

Total freight revenues

 $5,569  $5,842  $11,225  $11,282 

Other subsidiary revenues

  220   233   455   438 

Accessorial revenues

  149   183   300   384 

Other

  25   11   39   25 

Total operating revenues

 $5,963  $6,269  $12,019  $12,129 

 

Although our revenues are principally derived from customers domiciled in the U.S., the ultimate points of origination or destination for some products we transport are outside the U.S. Each of our commodity groups includes revenues from shipments to and from Mexico. Included in the above table are revenues from our Mexico business, which amounted to $689 million and $681 million for the three months ended June 30, 2023 and 2022, respectively, and $1.4 billion and $1.3 billion for the six months ended June 30, 2023 and 2022, respectively.