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Union Pacific CEO Sees Growth With Mexico, Trump Rhetoric Aside

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Workers inspect a freight locomotive at the Union Pacific Intermodal Terminal in Oakland, California.

Workers inspect a freight locomotive at the Union Pacific Intermodal Terminal in Oakland, California.

Photographer: Ken James/Bloomberg

Union Pacific Corp. sees Mexico trade as a bright spot for its rail freight growth despite tough trade talk from President Donald Trump, said Chief Executive Officer Lance Fritz.

Shipments between Mexico and the U.S. have been expanding as much as 6 percent annually over the last six years and now make up about 12 percent of the railroad’s revenue, Fritz said Wednesday in an interview. Union Pacific, the largest publicly traded railroad in North America, has captured 70 percent of the U.S.-Mexico train traffic through its six border crossings, he said.