| Type | Public company |
|---|---|
| Traded as | NYSE: UNP |
| Industry | Railroad |
| Founded | July 1, 1862 |
| Headquarters | Omaha, Nebraska, U.S. |
| Area served | United States |
| Key people | Jack Koraleski |
| Revenue | US$ 16.965 billion |
| Operating income | US$ 4.981 billion |
| Net income | US$ 2.780 billion |
| Total assets | US$ 43.008 billion |
| Total equity | US$ 17.763 billion |
| Employees | 42,884 |
| Website | UP.com |
In 1986 UP purchased Overnite Transportation, a fairly major less-than-truckload shipping carrier. UP divested itself of Overnite Trucking through an IPO in 2004.
In the late 1980s and early 1990s, UP purchased several non-railroad companies, such as Skyway Freight Systems of Watsonville, California, and United States Pollution Control, Inc., but by 2000, following the appointment of Richard K. Davidson as CEO, it had divested itself of all non-railroad properties except for Overnite Trucking, and its holding company for logistical technology, Fenix Enterprises.
The Union Pacific Corporation (not the railroad itself) was located in Bethlehem, Pennsylvania until 1997, when Richard K. Davidson announced that it was moving to Dallas in September of that year. Two years later, on the sale of Skyway and the impending divestiture of Overnite, the UP corporate headquarters moved to Omaha to join the headquarters of the railroad.
Read more about this topic: Union Pacific Railroad
Famous quotes containing the words union, pacific and/or corporation:
“If the Union is now dissolved it does not prove that the experiment of popular government is a failure.... But the experiment of uniting free states and slaveholding states in one nation is, perhaps, a failure.... There probably is an “irrepressible conflict” between freedom and slavery. It may as well be admitted, and our new relations may as be formed with that as an admitted fact.”
—Rutherford Birchard Hayes (1822–1893)
“The principle of majority rule is the mildest form in which the force of numbers can be exercised. It is a pacific substitute for civil war in which the opposing armies are counted and the victory is awarded to the larger before any blood is shed. Except in the sacred tests of democracy and in the incantations of the orators, we hardly take the trouble to pretend that the rule of the majority is not at bottom a rule of force.”
—Walter Lippmann (1889–1974)
“What I am anxious to do is to get the best bill possible with the least amount of friction.... I wish to avoid [splitting our party]. I shall do all in my power to retain the corporation tax as it is now and also force a reduction of the [tariff] schedules. It is only when all other efforts fail that I’ll resort to headlines and force the people into this fight.”
—William Howard Taft (1857–1930)