Union Pacific Corporation

Union Pacific Corporation
Company typePublic
IndustryTransportation
Founded1969; 55 years ago (1969) in Utah, United States
HeadquartersUnion Pacific Center, ,
United States
Area served
Western and Mid-Western United States
Key people
RevenueDecrease US$24.1 billion (2023)
Decrease US$9.1 billion (2023)
Decrease US$6.4 billion (2023)
Total assetsIncrease US$67.1 billion (2023)
Total equityIncrease US$14.8 billion (2023)
Number of employees
Increase 31,490 (2023)
SubsidiariesUnion Pacific Railroad
Websiteup.com
Footnotes / references
Financials as of December 31, 2023.
References:[1]

Union Pacific Corporation is a publicly traded railroad holding company. It is incorporated in Utah and is headquartered in Omaha, Nebraska. Its only operating subsidiary is Union Pacific Railroad.[1] Along with BNSF Railway, owned by Berkshire Hathaway, the companies have a near-duopoly on freight railroad transportation west of the Mississippi River.[2]

The corporate entity currently called Union Pacific Corporation was incorporated in 1969 as a holding company.

Notable companies acquired by Union Pacific and merged into Union Pacific Railroad include Missouri Pacific Railroad which included the Missouri–Kansas–Texas Railroad, the Chicago and North Western Transportation Company, the Western Pacific Railroad, the Denver and Rio Grande Western Railroad, the St. Louis Southwestern Railway, the SPCSL Corporation, and the Southern Pacific Transportation Company.

  1. ^ a b Cite error: The named reference UP 2023 10-K was invoked but never defined (see the help page).
  2. ^ Tully, Shawn (June 4, 2014). "The railroad with better profit margins than Google". Fortune.