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Union Pacific Corporation
Headquarters in Omaha, Nebraska
Company type
Public
Traded as
NYSE: UNP
DJTA component
S&P 100 component
S&P 500 component
Industry
Transportation
Founded
1969 (1969) in Utah, United States
Headquarters
Union Pacific Center,
Omaha, Nebraska
,
United States
Area served
Western and Mid-Western United States
Key people
Jim Vena (CEO)
Beth Whited (President)
Mike McCarthy (Chairman)
Revenue
US$24.1 billion (2023)
Operating income
US$9.1 billion (2023)
Net income
US$6.4 billion (2023)
Total assets
US$67.1 billion (2023)
Total equity
US$14.8 billion (2023)
Number of employees
31,490 (2023)
Subsidiaries
Union Pacific Railroad
Website
up.com
Footnotes / references Financials as of December 31, 2023[update]. References:[1]
Union Pacific Corporation is a publicly traded railroad holding company. It was incorporated in Utah in 1969 and is headquartered in Omaha, Nebraska. It is the parent company of the current, Delaware-registered, form of the Union Pacific Railroad, and the company, along with Berkshire Hathaway-owned rival BNSF, has a near-duopoly on freight railroad transportation west of the Mississippi River.[2]
Union Pacific was located in New York City from the company's re-founding in 1969 until Drew Lewis became CEO in the mid-1980s. He relocated the corporate headquarters to Bethlehem, Pennsylvania. Later the headquarters was shifted to Dallas, Texas, before relocating the corporate headquarters to Omaha to join the Union Pacific Railroad headquarters.[3]
The Union Pacific Corporation has a portfolio of acquiring the Missouri Pacific Railroad which included the Missouri–Kansas–Texas Railroad, the Chicago and North Western Transportation Company, the Western Pacific Railroad, the Denver and Rio Grande Western Railroad, the St. Louis Southwestern Railway, the SPCSL Corporation, and the Southern Pacific Transportation Company. All railroads not including the Southern Pacific Transportation Company were merged into the previous form of the Union Pacific Railroad. As part of the UP-SP merger which included the merging of the Denver and Rio Grande Western Railroad, the St. Louis Southwestern Railway and the SPCSL Corporation into the previous form of the Union Pacific Railroad, the Union Pacific Corporation merged the previous form of the Union Pacific Railroad into the Southern Pacific Transportation Company and renamed the Southern Pacific Transportation Company to the current form of the Union Pacific Railroad.
^Cite error: The named reference UP 2023 10-K was invoked but never defined (see the help page).
^Tully, Shawn (4 June 2014). "The railroad with better profit margins than Google". Fortune. Retrieved 10 August 2021.
^UP:Chronological History Archived August 10, 2006, at the Wayback Machine, Union Pacific Railroad
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Global Information
US$24.1 billion (2023)
US$67.1 billion (2023)