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The Union Pacific Railroad ( reporting marks UP, UPP, UPY) is a Class I freight-hauling railroad that operates 8,300 locomotives over 32,200 miles (51,800 km) routes in 23 U.S. states west of Chicago and New Orleans. Union Pacific is the second largest railroad in the United States after BNSF, with which it shares [ 3] a duopoly on ...
Union Pacific Corporation is a publicly traded railroad holding company.It was incorporated in Utah in 1969 and is headquartered in Omaha, Nebraska.It is the parent company of the current, Delaware-registered, form of the Union Pacific Railroad, and the company, along with Berkshire Hathaway-owned rival BNSF, has a near-duopoly on freight railroad transportation west of the Mississippi River.
Beginnings: 19th century. 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.
Thomas Clark Durant (February 6, 1820 – October 5, 1885) was an American physician, businessman, and financier. He was vice-president of the Union Pacific Railroad (UP) in 1869 when it met with the Central Pacific railroad at Promontory Summit in Utah Territory. He created the financial structure that led to the Crédit Mobilier scandal.
Harriman was nearly 50 years old when in 1897 he became a director of the Union Pacific Railroad. By May 1898, he was chairman of the executive committee, and from that time until his death, his word was the law on the Union Pacific system. [citation needed] In 1903, he assumed the office of president of the company. [citation needed]
The Central Pacific Railroad Company of California (CPRR) constructed 690 miles (1,110 km) east from Sacramento to Promontory Summit, Utah Territory. The Union Pacific Railroad (UPRR) built 1,085 miles (1,746 km) from the road's eastern terminus at the Missouri River settlements of Council Bluffs and Omaha, Nebraska, westward to Promontory Summit.
1996-1998: The Union Pacific Corporation finishes the acquisition that was effectively begun almost a century before with the purchase of the original Southern Pacific railroad by the Union Pacific Railroad in 1901, until divestiture was ordered in 1913. Ironically, although the Union Pacific Corporation was the dominant parent company, taking ...
February 21, 2024 at 4:55 PM. (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 ...