UNION PACIFIC CORP (UNP)

Union Pacific Corporation is a holding company whose principal operating subsidiary, Union Pacific Railroad Company, is a Class I freight railroad. The Railroad connects 23 states in the western two-thirds of the United States, linking Pacific Coast and Gulf Coast ports with Midwest and Eastern gateways and with Canadian and Mexican rail systems. The company was incorporated in Utah in 1969, its common stock trades on the NYSE under the symbol "UNP", and its strategy centers on Safety, Service, and Operational Excellence to drive freight volume growth.

The Railroad, together with its subsidiaries and rail affiliates, is the company's single reportable operating segment because of the integrated nature of its network, though revenue is analyzed by three commodity groups. In 2025 freight revenues totaled $23.2 billion. Industrial (37%) covers construction materials, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand. Bulk (33%) covers grain and grain products, fertilizer, food and refrigerated goods, and coal and renewables, including Powder River Basin coal. Premium (30%) covers finished automobiles, automotive parts, and domestic and international intermodal container traffic.

Customers include grain exporters and processors, animal feeders, ethanol and renewable biofuel producers, power companies, chemical and plastics producers, construction and manufacturing firms, automakers, intermodal marketing companies, and truckload carriers. The network serves many of the fastest-growing U.S. population centers and is the only railroad serving all six major Mexico gateways. It is the largest automotive carrier west of the Mississippi River, accessing six vehicle assembly plants and operating or accessing more than 40 vehicle distribution centers. Some traffic is seasonal, such as agricultural products and intermodal shipments, which generally peak in the third quarter.

The Railroad operates 32,889 route miles and coordinates schedules with other carriers. It averaged 29,287 employees in 2025, about 83% of them represented by 13 major rail unions under the Railway Labor Act. It maintains its own accredited police force and works with federal agencies on security. The Railroad is regulated by the Surface Transportation Board, the Federal Railroad Administration, and environmental agencies, and a pending acquisition of Norfolk Southern is noted. The company depends on key suppliers of locomotives and rail and competes with other railroads and transportation providers. Headquarters are at 1400 Douglas Street, Omaha, Nebraska.