Welcome to our dedicated page for Union Pacific news (Ticker: UNP), a resource for investors and traders seeking the latest updates and insights on Union Pacific stock.
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) will announce its third quarter 2021 financial results on October 21, 2021, at 8:00 a.m. ET. Management will lead a conference call and live webcast at 8:45 a.m. ET. Interested parties can participate via teleconference by calling 877-407-8293 or 201-689-8349 for international calls. A live webcast will be accessible in the investor relations section of Union Pacific's website, along with a replay shortly after the call.
Union Pacific Corporation has appointed Sheri Edison to its board of directors, effective December 1. Edison brings extensive experience from her previous role as executive vice president and general counsel at Amcor, where she worked until her retirement in June 2021. Her background includes leadership positions in both the medical device and packaging industries, enhancing Union Pacific's board with diverse insights. The company’s chairman, Lance Fritz, expressed confidence in Edison’s ability to contribute positively to its strategic direction.
Union Pacific Corporation (NYSE: UNP) is set to announce its third quarter 2021 financial results on October 21, 2021, at 8:00 a.m. ET. A conference call and live webcast will follow at 8:45 a.m. ET. Interested parties can participate by calling 877-407-8293 for domestic callers or 201-689-8349 for international participants. The webcast will be accessible through Union Pacific's investor relations website, with a replay available shortly after the call. More information can be found on their official site.
Union Pacific Corporation (NYSE: UNP) will present at the Morgan Stanley 9th Annual Industrials Virtual Conference on September 14, 2021, at 9:00 a.m. ET. The address will be delivered by Lance Fritz, chairman and CEO, and Jennifer Hamann, CFO. A live webcast of the presentation will be available on Union Pacific's investor relations website, with a replay accessible shortly after the event.
Union Pacific operates across 23 western states, providing efficient freight transport services that contribute to environmental sustainability.
Union Pacific Corporation (NYSE: UNP) will have CFO Jennifer Hamann speak at the Cowen 2021 Global Transportation & Sustainable Mobility Conference on September 8, 2021, at 8:40 a.m. ET. The presentation will be accessible via a live webcast on their investor relations website, with a replay available afterward. Union Pacific operates in 23 western states, providing reliable freight transportation services and promoting environmentally responsible practices. More details are on their official website.
Union Pacific is set to enhance its locomotives with biodiesel fuel, moving from a 5% to 20% biodiesel blend in specific EMD locomotive series, approved by Progress Rail. This initiative aligns with Union Pacific's commitment to reduce greenhouse gas emissions by 26% by 2030. Performance tests on high-horsepower locomotives indicate improved fuel consumption and reduced environmental impact. Union Pacific aims to utilize low carbon fuels and decrease its carbon footprint, contributing to more sustainable freight transport through rail, which can lower GHG emissions by up to 75% compared to trucking.
Union Pacific Corporation (NYSE: UNP) will have executives Jennifer Hamann and Eric Gehringer speaking at the Deutsche Bank 2021 Transportation Conference on August 17, 2021, at 9:00 a.m. ET. A live webcast will be available on the company's investor relations page, with a replay accessible shortly after the event. Union Pacific operates in 23 western states, providing safe and efficient freight service while contributing to environmentally responsible transportation.
Union Pacific Corporation (NYSE: UNP) has announced a quarterly dividend of $1.07 per share, set to be paid on September 30, 2021. Shareholders of record by August 31, 2021 will receive this dividend. This marks the company's commitment to shareholders, having paid dividends for 122 consecutive years. Union Pacific operates in 23 western states, providing efficient and environmentally responsible freight services, thus connecting communities to the global economy.
Union Pacific Corporation (NYSE: UNP) announced a robust second quarter for 2021, reporting a net income of $1.8 billion or $2.72 per diluted share, a significant increase from $1.1 billion or $1.67 in the same quarter last year. Operating revenue rose 30% to $5.5 billion, with a 22% increase in business volumes. The operating ratio improved to 55.1%, despite challenges from supply chain disruptions. The company also achieved a 3% reduction in fuel consumption rate and repurchased 12.2 million shares for $2.7 billion.
Union Pacific Corporation (NYSE: UNP) is set to release its Q2 2021 financial results on Thursday, July 22, 2021, at 8:00 a.m. ET. Management will host a conference call at 8:45 a.m. ET for discussion and Q&A. Interested parties can join via teleconference at 877-407-8293 or 201-689-8349 internationally. A live webcast will also be available on the company's investor relations website. This earnings release will offer insights into the company's financial and operational performance.
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