| 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
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“The rage for road building is beneficent for America, where vast distance is so main a consideration in our domestic politics and trade, inasmuch as the great political promise of the invention is to hold the Union staunch, whose days already seem numbered by the mere inconvenience of transporting representatives, judges and officers across such tedious distances of land and water.”
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