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.
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.
Schneider (NYSE: SNDR) is shifting its primary western U.S. rail partnership to Union Pacific (NYSE: UNP) starting January 1, 2023, enhancing its intermodal service capabilities. Schneider, with over 25,000 containers, aims to double its intermodal size by 2030. This transition will create more direct transcontinental connections and supports Schneider's sustainability goals, saving 700 million pounds of CO2 annually. The company is set to have the largest driver dray fleet among intermodal carriers on Union Pacific's network.
Union Pacific Railroad has partnered with Schneider to become the primary intermodal rail transportation provider in the western U.S., effective January 2023. This collaboration aims to enhance service reliability and coverage for Schneider's intermodal network, which includes over 25,000 containers and 45 ramps across North America. Union Pacific highlighted the environmental benefits of rail transport, stating it reduces greenhouse gas emissions by up to 75%. The partnership is expected to create customer-centric solutions and leverage both companies' strengths in the intermodal marketplace.
Union Pacific Corporation (NYSE: UNP) will announce its fourth quarter 2021 financial results on January 20, 2022, at 8:00 a.m. ET. The management team will hold a conference call at 8:45 a.m. ET to discuss the results. Interested parties can join by dialing 877-407-8293 or 201-689-8349 for international calls. A live webcast will be available on Union Pacific's investor relations website, along with a replay shortly after the event.
Union Pacific Corporation (NYSE: UNP) will announce its fourth quarter 2021 financial results on January 20, 2022, at 8:00 a.m. ET. Following the release, the management team will hold a conference call and live webcast at 8:45 a.m. ET. Interested parties can participate by calling 877-407-8293 for domestic or 201-689-8349 for international access. A replay of the presentation will be available on the company’s investor relations website.
Union Pacific Corporation (NYSE: UNP) has announced a 10% increase in its quarterly dividend to $1.18 per share, payable on December 30, 2021. This decision follows the company's commitment to maintain a targeted dividend payout ratio of 45%. Shareholders of record by December 20, 2021 will receive the dividend, marking the 122nd consecutive year of dividend payments. Jennifer Hamann, CFO, emphasized the company's strong cash returns to shareholders as a key driver behind this increase.
Union Pacific has appointed Michael Miller as vice president and treasurer effective February 1, 2022, succeeding Gary Grosz, who retires on March 1. Miller, a 28-year veteran of Union Pacific, has previously held roles in Corporate Finance and Investor Relations. He will report to Jennifer Hamann, CFO. Grosz's tenure spanned nearly 40 years, serving as treasurer since April 2019.
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