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Union Pacific Corporation (NYSE: UNP) is a leading railroad holding company based in Omaha, Nebraska. Incorporated in 1969, Union Pacific operates the largest public railroad in North America, managing over 30,000 miles of track across the western United States. The company’s core business involves hauling a wide variety of goods, including coal, industrial products, intermodal containers, agricultural goods, chemicals, fertilizers, and automotive products.
In 2023, Union Pacific generated an impressive $24 billion in revenue. The company also owns approximately one fourth of the Mexican railroad Ferromex, contributing about 10% of its revenue through freight activities to and from Mexico.
Recent financial reports reveal that Union Pacific achieved a 2023 fourth quarter net income of $1.7 billion, or $2.71 per diluted share, up from $1.6 billion, or $2.67 per diluted share, in the same period of 2022. For the full year of 2023, the company posted a net income of $6.4 billion, or $10.45 per diluted share, compared to $7.0 billion, or $11.21 per diluted share, in 2022.
Union Pacific has emphasized its commitment to safety, service, and operational excellence. The company has also reported significant improvements in service and operational metrics, which are crucial for maintaining its strong market position and ensuring customer satisfaction.
Looking ahead, Union Pacific plans to invest $3.4 billion in 2024 to support safe operations, renew assets, and foster growth. This investment includes $1.9 billion allocated for infrastructure upgrades and replacements, along with $0.6 billion dedicated to locomotives and equipment modernization. These efforts aim to enhance productivity, operational efficiency, and overall service quality.
Union Pacific’s strategic initiatives also encompass expanding its intermodal footprint, focusing on high-growth regions such as Southern California, Phoenix, and Kansas City. The company continues to play a vital role in the national and global economy, connecting customers and communities through its extensive rail network.
Union Pacific Corporation (NYSE: UNP) reported a fourth quarter net income of $1.6 billion, or $2.67 per diluted share, showing an 8% increase in operating revenue to $6.2 billion compared to Q4 2021. Full year net income reached $7.0 billion ($11.21 per diluted share), a 7.7% rise from 2021. Despite higher revenues, operating income declined by 1% due to increased expenses driven by inflation and network recovery issues. The company repurchased 3.5 million shares in Q4 at a cost of $0.7 billion, and total capital spending for 2022 was $3.4 billion. 2023 guidance anticipates carload growth exceeding industrial production.
Union Pacific Corporation (NYSE: UNP) will disclose its fourth quarter 2022 financial and operating results on January 24, 2023, at 7:45 a.m. ET. A conference call and live webcast will follow at 8:45 a.m. ET. Interested parties can join by dialing 877-407-8293 (domestic) or 201-689-8349 (international). The webcast can be accessed via the investor relations section of Union Pacific's website. Union Pacific serves 23 western states, providing reliable service and connecting communities to the global economy.
Schneider (NYSE: SNDR) has successfully transitioned its western rail operations to Union Pacific Railroad (NYSE: UNP), creating the largest company driver dray fleet on the rail network. This strategic partnership enhances Schneider’s intermodal services, providing more coast-to-coast connections and access to additional rail lanes. The seamless transition, which did not disrupt customer service, is part of Schneider's goal to double its intermodal size by 2030 and improve sustainability. The collaboration aims to optimize operations, reduce emissions, and enhance service reliability for customers.
Union Pacific Corporation (NYSE: UNP) is set to release its fourth quarter 2022 financial results on January 24, 2023, at 7:45 a.m. ET. A conference call and live webcast will follow at 8:45 a.m. ET. Interested parties can participate by dialing 877-407-8293 for U.S. calls or 201-689-8349 for international callers. Details will be available on the company’s investor relations webpage at www.up.com/investor.
Union Pacific Corporation (NYSE: UNP) has announced a quarterly dividend of $1.30 per share, to be paid on Dec. 29, 2022, for shareholders recorded by Dec. 19, 2022. The company has a remarkable history of paying dividends for 123 consecutive years, demonstrating its commitment to returning value to shareholders. Operating in 23 western states, Union Pacific is a leader in freight transportation, linking communities to the global economy with a focus on environmentally responsible practices.
Union Pacific Corporation's CFO, Jennifer Hamann, will present at the Credit Suisse 10th Annual Global Industrials Conference on November 30, 2022, at 8 a.m. ET. Investors can access a live webcast through the investor relations section of Union Pacific's website, with an audio replay available shortly after the presentation. Union Pacific operates in 23 western states, providing essential freight services while emphasizing environmentally responsible transport.
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