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In 1996, the company merged with Southern Pacific Transportation Company, itself a giant system that was absorbed by the Denver and Rio Grande Western Railroad. The Union Pacific Railroad Company is the principal operating company of Union Pacific Corporation, which are both headquartered at the Union Pacific Center, in Omaha, Nebraska.
The current holding company, Union Pacific Corporation, was established in 1969 with its incorporation in Utah as a holding company for the railroad and other subsidiaries. [ 3 ] In 1982, Union Pacific Corporation acquired Missouri Pacific Railroad , which included the Missouri–Kansas–Texas Railroad , and the Western Pacific Railroad .
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 said Thursday that the result was an unanticipated 33% jump in the number of shipping containers filled with imports that it delivered in the third quarter, which helped drive a 6% ...
U.S. railroad operator Union Pacific has warned that a potential rail strike in Canada will have "devastating consequences" on the North American economy. More than 2,500 Union Pacific cars per ...
The union is concerned that these cuts are an indication of how tightly new CEO Jim Vena plans to manage the railroad's expenses. Union Pacific, like all the major freight railroads, already made ...
This list includes companies operating both now and in the past. In some countries, the railway operating bodies are not companies, but are government departments or authorities. Particularly in many European countries beginning in the late-1980s, with privatizations and the separation of the track ownership and management from running the ...
(Reuters) - Railroad operator Union Pacific said on Wednesday it plans to invest $3.4 billion this year to support safer operations, renew assets and increase capacity.