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) 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.
Union Pacific has gained approval for its science-based targets to cut greenhouse gas emissions by 26% by 2030 compared to a 2018 baseline. This initiative aligns with the Paris Agreement goals, as assessed by the Science Based Targets initiative (SBTi). The company emphasizes its commitment to environmental sustainability, noting that rail transport is already a fuel-efficient method, reducing GHG emissions by up to 75% compared to trucks. Union Pacific's broader Environmental, Social, and Governance (ESG) strategy focuses on engaging employees, sustainable solutions, and community strengthening.
Union Pacific Corporation (NYSE: UNP) announced that its CFO, Jennifer Hamann, will present at the Barclays 2021 Industrial Select Conference on February 16, 2021, at 8:50 a.m. ET. The event will be available for live webcast on their investor relations website. Union Pacific operates in 23 western states, providing safe and efficient freight services while emphasizing environmental responsibility.
Union Pacific Corporation (NYSE: UNP) announced a quarterly dividend of 97 cents per share on February 4, 2021, payable on March 31, 2021, to shareholders of record by February 26, 2021. This marks the company's continuation of a 122-year streak of dividend payments. The announcement underscores Union Pacific's commitment to its shareholders despite economic uncertainties.
Union Pacific Corporation (NYSE: UNP) reported a fourth quarter 2020 net income of $1.4 billion, or $2.05 per diluted share. Adjusted for a $278 million impairment charge, net income was $1.6 billion, reflecting a growth from $1.4 billion in Q4 2019. Operating revenue fell 1% to $5.1 billion, despite a 3% increase in total revenue carloads. The company improved its operating ratio to a record 55.6%. For 2020, net income totaled $5.3 billion, down from $5.9 billion in 2019, with a 10% decline in freight revenue. Union Pacific repurchased 22 million shares for $3.7 billion.
Union Pacific Corporation (NYSE: UNP) will announce its fourth quarter 2020 financial results on January 21, 2021, at 8:00 a.m. ET. A conference call with management will follow at 8:45 a.m. ET. Interested participants can join via teleconference by calling 877-407-8293 or 201-689-8349 for international callers. A live webcast will be available on the Union Pacific investor relations section of their website. The company is committed to delivering efficient service across 23 western states, contributing to a sustainable future.
Union Pacific Corporation (NYSE: UNP) will announce its fourth quarter 2020 financial results on January 21, 2021, at 8:00 a.m. ET. A conference call and live webcast hosted by the management team will follow at 8:45 a.m. ET. Participants can join the teleconference by dialing 877-407-8293 or internationally at 201-689-8349. The presentation and related materials will be accessible in the investor relations section of Union Pacific's website.
Union Pacific operates in 23 western states, offering safe and efficient freight services.
Union Pacific has appointed Craig Richardson as the new executive vice president, chief legal officer, and corporate secretary. He brings extensive experience in commercial and regulatory law and previously served as vice president and associate general counsel. Chairman Lance Fritz praised Richardson's leadership skills, particularly during challenging legal matters. Richardson has a strong background in litigation related to energy infrastructure, having managed significant legal portfolios for major corporations.
FAQ
What is the current stock price of Union Pacific (UNP)?
What is the market cap of Union Pacific (UNP)?
What is Union Pacific Corporation?
Where is Union Pacific Corporation headquartered?
What types of goods does Union Pacific transport?
How much revenue did Union Pacific generate in 2023?
What is Union Pacific's relationship with Ferromex?
What were Union Pacific's fourth quarter financial results for 2023?
What are Union Pacific's investment plans for 2024?
How does Union Pacific contribute to environmental sustainability?
What regions are included in Union Pacific's expansion plans?
Where can I find more information about Union Pacific?
