Union Pacific Corp. - UNP STOCK NEWS

Union Pacific Railroad's Community Ties Giving Program has awarded over $5.1 million in local grants to 514 nonprofit organizations, aligning with its diversity, equity, and inclusion (DEI) goals. The grants will impact over 14 million people across a 23-state rail network, focusing on safety, workforce development, and community spaces. Eligible organizations must demonstrate DEI commitments by 2023. Grants range from $2,500 to $25,000, supporting efforts to uplift underserved populations.

Union Pacific has announced the donation of historic steam engines, including Challenger No. 3985, from Wyoming to Illinois in November. This donation is part of their commitment to preserving railroad history and follows an earlier donation to Railroading Heritage of Midwest America. The nonprofit plans to restore the equipment, ensuring these iconic locomotives remain operational for future generations. The equipment is set to leave Cheyenne on November 11 and arrive in Silvis, Illinois, on November 19.

Union Pacific reported a strong third quarter for 2022 with a net income of $1.9 billion, translating to $3.05 per diluted share. Adjusting for a $114 million charge from labor agreements, the adjusted net income rose to $2.0 billion, or $3.19 per diluted share, a 24% increase from the previous year. Operating revenue hit $6.6 billion, up 18%, aided by higher fuel surcharges and volume growth. However, the adjusted operating ratio worsened slightly to 58.2%. The company aims for continued pricing discipline and plans to spend $3.4 billion on capital projects.

Union Pacific Railroad has partnered with ZTR to develop hybrid-electric locomotives, with the first prototype expected by late 2023. The locomotives will be manufactured in North Little Rock, Arkansas, and the project aims to enhance fuel efficiency and support sustainability goals. Utilizing 'mother-slug' sets, these hybrid-electric models will operate in multiple modes to reduce emissions by up to 80%. Union Pacific aims to decrease Scope 1 and 2 GHG emissions by 26% by 2030 and achieve net-zero emissions by 2050, continuing its commitment to environmental responsibility.

Union Pacific Corporation (NYSE: UNP) will announce its third quarter 2022 financial and operating results on October 20, 2022, at 7:45 a.m. ET. A conference call and live webcast will follow at 8:45 a.m. ET. Investors can join the teleconference by dialing 877-407-8293 in the U.S. or 201-689-8349 internationally. The webcast and related materials will be accessible via the investor relations section of Union Pacific's website.

Union Pacific Railroad has partnered with Safe Kids Worldwide and the animated series 'Chuggington' to promote rail safety during National Rail Safety Week. This initiative highlights critical safety messages, including the dangers of walking near tracks, the importance of crossing at designated areas, and the necessity of waiting for trains to pass. Additionally, free educational resources are available for families and educators. The partnership aims to reduce the alarming statistic that a child is killed every five days in train collisions.

Union Pacific Corporation (NYSE: UNP) announced a $600 million green bond offering finalized on Sept. 9, 2022. The funds will support investments to achieve significant GHG emissions reduction targets: 26% by 2030 from a 2018 baseline and net zero by 2050. Key initiatives include new battery-electric locomotives and modernizations to enhance fuel efficiency. The company emphasizes that rail transport is already a fuel-efficient option, reducing emissions by up to 75% compared to trucks. This move reflects Union Pacific's commitment to sustainability and climate action.

Union Pacific Corporation (NYSE: UNP) CEO Lance Fritz will speak at the Cowen 2022 Global Transportation & Sustainable Mobility Conference on September 7, 2022, at 8:40 a.m. ET. A live webcast of the presentation will be accessible on Union Pacific's investor relations website, followed by an audio replay. Union Pacific operates in 23 western states, serving as a vital link between customers and the global economy while promoting environmentally responsible freight transport.

Union Pacific Railroad has launched a multilingual rail safety campaign in partnership with Twin Cities Public Television. The initiative aims to educate families and educators about rail safety as students return to school. Featuring new English and Spanish multimedia materials, the campaign highlights essential safety tips, including limiting technology use, waiting for trains to pass, and obeying signs. This is the third consecutive year of collaboration, but it marks the first nationwide expansion of the program. Resources are available for download on the company's safety websites.