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Union Pacific Corp. - UNP STOCK NEWS

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.

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Union Pacific Corporation (NYSE: UNP) has announced a 10% increase in its quarterly dividend to $1.07 per share, payable on June 30, 2021. Shareholders of record by May 28, 2021 will receive this dividend. This increase aligns with the company's targeted dividend payout ratio of 45% as highlighted during the recent Investor Day. Union Pacific has a solid track record of paying dividends for 122 consecutive years.

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Union Pacific and Safe Kids Worldwide announced new initiatives to enhance rail safety for children and communities. Highlighting that every five days a child dies in a train collision, the partnership aims to educate families and prevent injuries. Over three years, Union Pacific's support has helped reach over 10,000 individuals through direct programming, generating 265 million media impressions. New initiatives include digital toolkits for educators, a public safety campaign for parents, and continued engagement with various coalitions, all informed by the latest data and research.

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Union Pacific Corporation (NYSE: UNP) announced that its executives will participate in two major investor conferences in May 2021. Lance Fritz, the Chairman, President, and CEO, will address the BofA Securities 2021 Transportation, Airline and Industrials Conference on May 19 at 9:20 a.m. ET. Jennifer Hamann, Executive Vice President and CFO, will participate in the Wolfe Research Global Transportation & Industrials Conference on May 26 at 8:35 a.m. ET. Live webcasts of these presentations will be available on the company’s investor relations website.

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Union Pacific announced a new intermodal terminal in Southern California's import distribution region, set to open in Q2 2021. This location, strategically near the Ports of Los Angeles and Long Beach, aims to enhance access to Chicago and other key markets. The initiative will commence with a 'pop-up' terminal at the West Colton rail yard, offering domestic intermodal service initially between Southern California and Chicago, with future expansions planned. This move underscores Union Pacific's commitment to reducing truck traffic and enhancing its intermodal capabilities.

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Union Pacific announced the construction of a new grain transload facility within its Global IV intermodal terminal in Joliet, Illinois, aimed at reducing supply-chain costs for agricultural producers. Operated by a joint venture with Consolidated Grain and Barge Co. and Gavilon Grain, the facility will enhance connectivity for farmers and processors to West Coast port terminals. With a capacity of 50,000 containers annually, it is expected to be completed by Q4 2021. The initiative is designed to support the regional agriculture economy by streamlining loading operations and offering faster turnaround times.

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Union Pacific Corporation (NYSE: UNP) announces its 2021 Investor Day, scheduled for May 4, 2021, starting at 2 p.m. ET. This virtual event will last approximately three hours. Participants need to register to gain access and will receive a password via email. A live webcast of the presentation will be available on the Union Pacific Investor Day platform, with a replay accessible shortly after. Union Pacific plays a key role in connecting communities to the global economy while promoting environmentally responsible freight transport.

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Union Pacific Corporation (NYSE: UNP) reported a first quarter 2021 net income of $1.3 billion, or $2.00 per diluted share, down from $1.5 billion, or $2.15 per diluted share, in Q1 2020. Operating revenue declined 4% to $5.0 billion, with business volumes down 1%. Freight revenue dropped 5% due to a less favorable business mix and volume declines. The operating ratio increased to 60.1%. The company repurchased 6.7 million shares for $1.4 billion. Despite challenges, Union Pacific remains optimistic about economic recovery and affirms its 2021 guidance.

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FAQ

What is the current stock price of Union Pacific (UNP)?

The current stock price of Union Pacific (UNP) is $235.57 as of November 15, 2024.

What is the market cap of Union Pacific (UNP)?

The market cap of Union Pacific (UNP) is approximately 144.1B.

What is Union Pacific Corporation?

Union Pacific Corporation is the largest public railroad in North America, operating over 30,000 miles of track in the western United States.

Where is Union Pacific Corporation headquartered?

Union Pacific Corporation is headquartered in Omaha, Nebraska.

What types of goods does Union Pacific transport?

Union Pacific transports coal, industrial products, intermodal containers, agricultural goods, chemicals, fertilizers, and automotive products.

How much revenue did Union Pacific generate in 2023?

Union Pacific generated $24 billion in revenue in 2023.

What is Union Pacific's relationship with Ferromex?

Union Pacific owns about one fourth of the Mexican railroad Ferromex and derives roughly 10% of its revenue from freight activities to and from Mexico.

What were Union Pacific's fourth quarter financial results for 2023?

Union Pacific reported a fourth quarter net income of $1.7 billion, or $2.71 per diluted share, in 2023.

What are Union Pacific's investment plans for 2024?

Union Pacific plans to invest $3.4 billion in 2024 to support safe operations, renew assets, and foster growth.

How does Union Pacific contribute to environmental sustainability?

Trains are the most environmentally responsible way to move freight, helping Union Pacific protect future generations by reducing environmental impact.

What regions are included in Union Pacific's expansion plans?

Union Pacific's expansion plans focus on high-growth regions such as Southern California, Phoenix, and Kansas City.

Where can I find more information about Union Pacific?

More information about Union Pacific Corporation can be found on their official website at www.up.com.

Union Pacific Corp.

NYSE:UNP

UNP Rankings

UNP Stock Data

144.14B
610.12M
0.2%
81.96%
0.63%
Railroads
Railroads, Line-haul Operating
Link
United States of America
OMAHA