Total UP volumes fall 20% on year Annual net income $5.9 billion, down 1% on year Houston — Union Pacific coal volumes dropped 25% in the fourth quarter year on year, driving the decline in total railroad shipments, executives said during the earnings call Thursday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now “If I could just invent the year that I would love to have in 2020 and have a stronger upside, it would be a great mix,” Lance Fritz, president and CEO, said. “If I could magically make it happen, I’d like to see frac sand come back stronger. I’d like to see natural gas to go to $3.50/MMBtu or $4/MMBtu and take some of the pressure off coal. “What we’ve expect out of coal this year is it’s starting out pretty challenging,” Fritz added. “If natural gas stays at the $2/MMBtu, […]