Union Pacific Stock Price, News & Analysis

Union Pacific Railroad's inaugural "We Are One" Human Capital Report highlights significant diversity and inclusion achievements in 2021. Key points include:

• Nearly 50% of new hires were individuals of color and 13% were female.
• 30% of management promotions involved people of color.
• Union Pacific aims to increase its people of color population to 40% and female representation to 11% by 2030.

The report underscores the company's commitment to employee experience, diversity initiatives, and sustainable workforce practices.

Union Pacific Corporation announced the election of Teresa Finley to its board of directors, effective February 4, 2022. Finley brings over 30 years of experience in transportation logistics, having held various leadership roles at United Parcel Service (UPS). Her expertise includes growth strategies, product innovation, and finance, which will support Union Pacific in enhancing supply chain solutions. Finley also serves on other corporate boards, showcasing her extensive governance experience.

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.