STOCK TITAN
  1. Home
  2. News
  3. UNP

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.

News

Union Pacific's Newest Offering Removes Full Day of Transit Between the U.S., Mexico and Canada, Creating Unmatched Service for Customers

Rhea-AI Summary
Union Pacific's Mexico intermodal products, Eagle and Falcon Premium, provide unmatched intermodal services connecting the US, Mexico, and Canada. They offer a more environmentally responsible alternative to trucking and compete directly with trucks in the automotive parts, food, and temperature-controlled products sectors. The services have reduced transit time and save hundreds of miles, resulting in service dependability and cost savings for customers. Union Pacific remains the only railroad serving all major gateways in Mexico.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.07%
Tags
none
-
News

Union Pacific Uses Proceeds from 2022 Green Bond to Reduce Carbon Footprint in Support of Climate Change Goals

Rhea-AI Summary
Union Pacific Corporation publishes its 2023 Green Bond Allocation and Impact Report, allocating 100% of the bond's net proceeds of $590.8 million to eligible projects that support sustainability initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.41%
Tags
none
-
News

Union Pacific Corporation CEO Jim Vena and CFO Jennifer Hamann to Address Morgan Stanley's 11th Annual Laguna Conference

Rhea-AI Summary
Union Pacific Corporation's CEO and CFO will address Morgan Stanley's conference on Sept. 12, 2023. A live webcast will be available on Union Pacific's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.41%
Tags
none
News

Union Pacific Corporation Declares Third Quarter 2023 Dividend

Rhea-AI Summary
Union Pacific Corporation (NYSE: UNP) has declared a quarterly dividend of $1.30 per share on the company's common stock. The dividend is payable on Sept. 29, 2023, to shareholders of record on Aug. 31, 2023. Union Pacific has a long history of paying dividends for 124 consecutive years.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.42%
Tags
dividends earnings
-
News

Union Pacific Reports Second Quarter 2023 Results

Rhea-AI Summary
Union Pacific Corporation (NYSE: UNP) reported a 5% decrease in operating revenue, with a net income of $1.6 billion, or $2.57 per diluted share for the second quarter of 2023. The company's financial results were impacted by softening consumer markets, inflation, and increased workforce levels. Despite this, the reportable derailment rate improved by 9%. Operating performance saw improvements in service performance, with a larger crew base. The company's outlook for 2023 is pressured by challenging demand and cost environment, with consumer-related volumes expected to drive full-year volume expectations below Industrial Production. The company also announced leadership and board updates, including the appointment of a new CEO, president, chairman, and two new independent directors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.42%
Tags
earnings
-
News

Union Pacific Appoints Doyle Simons and John Wiehoff to Board of Directors

Rhea-AI Summary
Union Pacific Corporation (NYSE: UNP) appoints Doyle Simons and John Wiehoff to its Board of Directors, forms new Safety and Service Quality committee, and announces leadership changes. The addition of the new directors is part of the company's ongoing refreshment process to enhance strategic and operational objectives. Simons and Wiehoff bring extensive experience in leading public companies and working with Union Pacific. The Board also forms a new Safety and Service Quality committee and appoints new committee leaders. Additionally, leadership changes are announced, effective August 14, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.42%
Tags
management
News

Union Pacific Appoints Jim Vena Chief Executive Officer

Rhea-AI Summary
Union Pacific Corporation (NYSE: UNP) has announced leadership changes, with Jim Vena appointed as CEO and member of the Board, effective August 14, 2023. Beth Whited has been appointed as president, reporting to Vena, and Mike McCarthy has been elected chairman of the Board. These changes reflect a focus on growth, service improvement, and safety. Vena has over 40 years of industry experience and previously served as Union Pacific's COO.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.42%
Tags
management
-
News

Union Pacific Corporation Announces Second Quarter 2023 Earnings Release Date

Rhea-AI Summary
Union Pacific Corporation (UNP) will release Q2 2023 financial and operating results on July 26, 2023. A conference call and live webcast will be held. Replay of the webcast will be available.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.77%
Tags
earnings
-
News

Union Pacific and SMART-TD Ink Tentative Paid Sick Leave Agreement

Rhea-AI Summary
Union Pacific Railroad has reached a tentative agreement with the International Association of Sheet Metal, Air, Rail and Transportation Workers (SMART-TD) to provide up to eight paid sick leave days to around 5,900 railroad employees. This agreement will give SMART-TD members an additional five paid sick days annually, with the ability to convert up to three paid leave days for use as paid sick time starting in 2024. If ratified, Union Pacific will become the second railroad in the industry to have paid sick leave agreements with all 13 of its labor unions. The company is committed to collaboration with its labor partners and employees to support its workforce.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.01%
Tags
none
News

Union Pacific Corporation Announces Second Quarter 2023 Earnings Release Date

Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.14%
Tags
earnings

FAQ

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

The current stock price of Union Pacific (UNP) is $229.75 as of December 24, 2024.

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

The market cap of Union Pacific (UNP) is approximately 139.3B.

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.

Stock UNP logo
Union Pacific Corp.

NYSE:UNP

UNP Rankings

#85 Ranked by Market Cap
#1290 Ranked by Dividends

UNP Stock Data

139.29B
604.70M
0.2%
81.86%
0.78%
Railroads
Railroads, Line-haul Operating
Link
United States of America
OMAHA