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The Union Pacific Railroad (reporting marks UP, UPP, UPY) is a Class I freight-hauling railroad that operates 8,300 locomotives over 32,200 miles (51,800 km) routes in 23 U.S. states west of Chicago and New Orleans. Union Pacific is the second largest railroad in the United States after BNSF, with which it shares [2] a duopoly on ...
Beginnings: 19th century. The original company, Union Pacific Rail Road (UPRR), was created and funded by the federal government by Pacific Railroad Acts of 1862 and 1864. The laws were passed as war measures to forge closer ties with California and Oregon, which otherwise took six months to reach.
Union Pacific Corporation is a publicly traded railroad holding company.It was incorporated in Utah in 1969 and is headquartered in Omaha, Nebraska.It is the parent company of the current, Delaware-registered, form of the Union Pacific Railroad, and the company, along with Berkshire Hathaway-owned rival BNSF, has a near-duopoly on freight railroad transportation west of the Mississippi River.
That’s well ahead of the $1.53 billion, or $2.51 per share, Union Pacific earned a year ago, but just behind what Wall Street expected. The analysts surveyed by FactSet Research expected the ...
The Union Pacific heritage fleet includes commemorative and historic equipment owned by the Union Pacific Railroad.The fleet currently consists of two historic steam locomotives, three historic diesel locomotives, seventeen modern diesel locomotives in historic or commemorative paint schemes and nearly four dozen passenger cars used on office car specials and excursion trains.
Thomas Clark Durant (February 6, 1820 – October 5, 1885) was an American physician, businessman, and financier. He was vice-president of the Union Pacific Railroad (UP) in 1869 when it met with the Central Pacific railroad at Promontory Summit in Utah Territory. He created the financial structure that led to the Crédit Mobilier scandal.
The Southern Pacific Transportation Company was acquired in 1996 by the Union Pacific Corporation and merged with their Union Pacific Railroad. The Southern Pacific legacy founded hospitals in San Francisco, Tucson, and Houston. In the 1970s, it also founded a telecommunications network with a state-of-the-art microwave and fiber optic backbone.
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