Welcome to our dedicated page for Union Pacific news (Ticker: UNP), a resource for investors and traders seeking the latest updates and insights on Union Pacific stock.
Union Pacific Corporation (NYSE: UNP), a leader in North American freight transportation, provides critical updates through this dedicated news hub. Track official announcements, financial disclosures, and strategic developments from the railroad network connecting 23 states.
This resource delivers curated press releases and analysis on operational milestones, including infrastructure projects, safety innovations, and sustainability efforts. Investors gain insights through earnings reports while industry professionals monitor regulatory changes impacting rail logistics.
Discover updates on UNP's intermodal expansions, agricultural commodity shipments, and cross-border partnerships. Bookmark this page for direct access to the latest developments shaping one of America's most vital transportation systems.
Union Pacific Corporation (NYSE: UNP) declared a quarterly dividend of $1.18 per share, payable on March 31, 2022, to shareholders of record on February 28, 2022. This marks 123 years of consecutive dividend payments. Additionally, the Board approved a new share repurchase authorization, allowing the company to buy back up to 100 million shares by March 31, 2025. Since 2007, Union Pacific has repurchased 499 million shares for approximately $48.2 billion, highlighting its commitment to enhancing shareholder value.
TuSimple (Nasdaq: TSP) announced a partnership with Union Pacific Railroad to transport freight on an autonomous trucking route between Tucson and Phoenix. Starting this spring, TuSimple will handle Driver Out freight, enhancing delivery speed and cost-effectiveness. The company reported six successful autonomous runs, totaling over 550 miles without human intervention. TuSimple plans to expand its operations, aiming for commercial viability by the end of 2023 and to extend its autonomous freight network, which currently exceeds 11,000 mapped miles.
Union Pacific Corporation (NYSE: UNP) will have CFO Jennifer Hamann speak at the Stifel 2022 Transportation and Logistics Conference on February 8, 2022, at 10:40 a.m. ET. Investors can tune in to a live webcast of the presentation through the investor relations section of the Union Pacific website, with a replay available soon after. Union Pacific operates in 23 western states and is committed to efficient freight delivery while maintaining environmental responsibility.
Caterpillar Inc. (NYSE: CAT) announced that Union Pacific Railroad will purchase 10 battery-electric locomotives, marking the largest investment in this technology by a U.S. Class I railroad. These EMD Joule locomotives emit zero exhaust emissions and will undergo testing in California and Nebraska. The locomotives are slated for delivery in late 2023 through early 2024. Union Pacific aims to reach net zero emissions by 2050, supporting sustainability initiatives. Caterpillar's 2021 sales were $51.0 billion, highlighting its leadership in manufacturing construction and mining equipment.
Union Pacific Railroad (NYSE: UNP) announced plans to acquire 20 battery-electric locomotives for yard operations, marking a significant investment of over $100 million in battery technology. This initiative aims to create the world's largest carrier-owned battery-electric locomotive fleet. The locomotives will be tested in California and Nebraska for performance under varying weather conditions, targeting net zero emissions by 2050. The project is part of Union Pacific's broader Climate Action Plan, which aims for a 26% reduction in GHG emissions by 2030.
On January 28, 2022, Union Pacific Railroad (UNP) announced its purchase of 10 FLXdrive battery-electric locomotives from Wabtec Corporation (WAB). This $20 million investment is the largest of its kind by a North American railroad, aiming to enhance rail yard infrastructure and significantly cut greenhouse gas emissions. The locomotives will provide zero-emission operations and reduce carbon output by 4,000 tons annually. Union Pacific plans to reduce its GHG emissions by 26% by 2030 and achieve net zero by 2050, showcasing its commitment to environmental sustainability.
On January 25, 2022, Loup Logistics, a Union Pacific Railroad subsidiary, announced the acquisition of Precision Components Inc. (PCI Reload) in Phoenix, Arizona, finalized on December 30, 2021. This acquisition enhances Loup's transloading, storage, and trucking services in the Phoenix area, positioned on a 100+-acre facility with significant rail and storage capacity, processing over 8,000 rail cars and 38,000 trucks annually. Loup aims to build on PCI Reload's legacy of excellent customer service and expand its market reach, supporting economic growth in Arizona.
Union Pacific Corporation (NYSE: UNP) reported a fourth quarter 2021 net income of $1.7 billion ($2.66 per diluted share), up from $1.6 billion ($2.36 per diluted share) in Q4 2020. Full-year 2021 net income was $6.5 billion ($9.95 per diluted share), compared to $5.6 billion ($8.19 per diluted share) in 2020. Operating revenue for Q4 2021 reached $5.7 billion, a 12% increase, while full-year revenue stood at $21.8 billion, also up 12%. Challenges included a 4% decline in business volumes, primarily due to COVID impacts. The company repurchased 5.8 million shares for $1.4 billion in Q4.
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