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 release its first quarter 2021 financial and operating results on April 22, 2021, at 8:00 a.m. ET. The management team will conduct a conference call at 8:45 a.m. ET. Interested parties can join via teleconference by dialing 877-407-8293 or 201-689-8349 for international calls. The live webcast will be available on the company's investor relations website, with a replay provided shortly after. Union Pacific operates across 23 western states, supporting economic connectivity and environmental responsibility.
Union Pacific Corporation (NYSE: UNP) announced the expiration of its private exchange offers for certain outstanding notes and debentures. The offers involved the exchange of existing notes for new notes and cash. Valid tenders totaled approximately $1.79 billion in existing notes. The company will issue $700.98 million in New 2036 Notes and $1.01 billion in New 2071 Notes. Additionally, cash consideration of $256.61 million will be paid to bondholders. The exchange will slightly impact earnings per share, estimated to reduce diluted EPS by two cents in Q1 2021.
Union Pacific Corporation (NYSE: UNP) will announce its first quarter 2021 financial results on April 22, 2021, at 8:00 a.m. ET. A conference call will follow at 8:45 a.m. ET for discussion and Q&A. Investors can access the live webcast and presentation materials through the investor relations section of Union Pacific's website. The company operates in 23 western states, promoting safe and efficient freight transportation while contributing to environmental sustainability.
Union Pacific Corporation (NYSE: UNP) announced the pricing terms for its private exchange offers on March 22, 2021. The offers involve exchanging existing notes for new notes due in 2036 and 2071, coupled with cash payments. The Total Exchange Price includes an early exchange premium for those participating before the Early Exchange Date. The 2036 Notes will carry an interest rate of 2.891%, while the 2071 Notes will have a rate of 3.799%. The Exchange Offers will expire on April 2, 2021, and are available only to qualified institutional buyers and non-U.S. persons.
Union Pacific Corporation (NYSE: UNP) announced early results for its private exchange offers, where certain existing notes and debentures are being exchanged for new notes due in 2036 and 2071. As of March 19, 2021, approximately $1.79 billion of existing notes were tendered. The limit on the 2071 offers was increased from $750 million to $1.012 billion due to higher than expected tender amounts. The exchange offers are set to expire on April 2, 2021. These transactions aim to optimize the Corporation's debt profile and enhance financial flexibility.
Union Pacific Corporation (NYSE: UNP) announced that Lance Fritz, its chairman and CEO, will present at the 2021 J.P. Morgan Industrials Conference on March 16, 2021, at 8:50 a.m. ET. Investors can tune in to a live webcast of the presentation via the investor relations section of Union Pacific's website, with a replay available shortly afterward. Union Pacific operates across 23 western states, providing sustainable freight transportation solutions that enhance global economic connectivity.
Union Pacific Corporation (NYSE:UNP) has announced the initiation of private exchange offers for its outstanding notes and debentures. The offers include the exchange of certain notes for new notes due 2036 and new notes due 2071, alongside cash payments. The total amount of New 2036 Notes to be issued is capped at $1 billion, while the New 2071 Notes is limited to $750 million. Eligible holders must certify their status and the offers will expire on April 2, 2021. Conditions include minimum tender amounts and yield limitations on treasury securities.
Union Pacific Corporation (NYSE: UNP) announced that CFO Jennifer Hamann will speak at the Raymond James 42nd Annual Institutional Investors Conference on March 2, 2021, at 9:10 a.m. ET. A live webcast of the event will be accessible through their investor relations page, with a replay available shortly after.
Union Pacific serves 23 western states, providing efficient freight services, which contribute to economic connections and environmental sustainability.
The National Park Foundation (NPF) and Union Pacific Railroad have announced an expanded partnership to enhance educational access to national parks for children. Over the next four years, Union Pacific will invest $4 million in the Open OutDoors for Kids (OOK) program, aiming to connect another one million kids to national parks. This initiative will offer field trips and educational resources, especially targeting under-resourced communities. Union Pacific's total investment in OOK over seven years will exceed $11 million, helping over 125,000 students experience national parks.
Union Pacific has announced key Marketing and Sales appointments effective March 1, 2021. Jason Hess will become the vice president of Bulk, succeeding Brad Thrasher, who is retiring after 33 years with the company. Kari Kirchhoefer takes over Hess's previous role as vice president of Premium, with Josh Perkes stepping in as vice president of Loup Logistics. These leaders bring extensive experience, with Hess having been with Union Pacific for over 26 years, Kirchhoefer for 28 years, and Perkes for 18 years, contributing to various business groups.
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