Union Pacific - UNP STOCK NEWS

Union Pacific Railroad has announced that Chief Information Officer Rahul Jalali will be promoted to executive vice president, effective June 1. Jalali has played a key role in the company's modernization efforts and will continue to lead the development of high-tech solutions for the railroad and its customers. He has been recognized for his innovative leadership and was recently named one of Forbes' CIO Next List and Railway Age's Readers' Influential Leaders.

CN, Union Pacific, and GMXT have launched the Falcon Premium Intermodal Service, connecting Canada, the US, and Mexico with enhanced transit times and reliability. Announced on April 24, 2023, this service features seamless rail connections through Chicago, connecting key points in Canada and Detroit to GMXT terminals in Monterrey and Silao. The service aims to boost efficiency for shippers of automotive parts, food, appliances, and more.

Additionally, the service is set to reduce greenhouse gas emissions through fewer rail miles and promote truck-to-rail conversions. Leaders from each company emphasize the collaboration's potential to transform supply chains and meet customer needs swiftly. This initiative enhances intermodal connectivity and supports economic growth in North America.

Union Pacific Railroad announced the winners of the 2022 Pinnacle Award, recognizing 95 companies for their commitment to safely transporting chemicals by rail. These companies demonstrated excellence in safety practices, including implementing release prevention protocols and achieving zero non-accident releases of regulated hazardous materials. The awards highlight Union Pacific's dedication to safety and environmental responsibility, emphasizing the importance of collaboration with customers to protect communities. The event took place on April 24, 2023, and reflects Union Pacific's ongoing efforts through its Hazardous Materials Safety team, which supports customers with safety training and rail car inspections.

Union Pacific Corporation (NYSE: UNP) reported its first quarter 2023 financial results, achieving a net income of $1.6 billion, or $2.67 per diluted share, compared to $1.6 billion, or $2.57 per diluted share in Q1 2022. Operating revenue rose by 3% to $6.1 billion, driven by fuel surcharge revenue and core pricing gains. However, this was impacted by a 1% decline in business volumes and a deterioration of the operating ratio to 62.1%, despite falling fuel prices providing a positive effect. The reportable derailment rate improved by 10% to 2.21 per million train miles. Union Pacific anticipates that carloads will exceed industrial production, which is forecasted to decline by 0.7% this year, while maintaining a capital expenditure plan of $3.6 billion.

Union Pacific Corporation (NYSE: UNP) is set to release its first quarter 2023 financial and operating results on April 20, 2023, at 7:45 a.m. ET. Following the release, the management will host a conference call and live webcast at 8:45 a.m. ET for interested parties. Investors can participate via teleconference by calling 877-407-8293 or 201-689-8349 for international callers. A replay of the audio webcast will be available soon after the event. Union Pacific operates in 23 western states, providing safe and efficient service, thus supporting the economy while promoting environmentally responsible freight movement.

Union Pacific Corporation (NYSE: UNP) will announce its first quarter 2023 financial and operating results on April 20, 2023, at 7:45 a.m. ET. A conference call will follow at 8:45 a.m. ET. Interested parties can participate by calling 877-407-8293 for domestic or 201-689-8349 for international access. The event will also be available via a live webcast on Union Pacific's investor relations website. This important earnings release will provide insights into the company’s performance and future outlook, impacting its stock valuation. For further details, visit www.up.com/investor.