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Union Pacific Corp - Stock Quote UNP

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Morningstar's Union Pacific Corp Stock Analysis

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Crew Availability Throttling Union Pacific's Carloads, Though Underlying Demand/Rates Healthy

Matthew Young, CFA Equity Analyst

Business Strategy and Outlook

| Matthew Young, CFA |

While the stages have varied over the years, Class I railroad behemoth Union Pacific continues its long-running profitability improvement efforts. Since roughly 2018, all the rails have confronted the push to implement precision scheduled railroading if they hadn’t already. Shareholders have demanded it, motivated by PSR’s initial impressive impact at Canadian National and Canadian Pacific. UP is no exception, launching its own PSR efforts in late 2018. UP’s operating ratio (expenses/revenue) was in a better position than other railroads when its rollout started, but PSR has proved to be the surest path to greater network efficiency and higher incremental margins.

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Union Pacific Corp's Company Profile

Business Description

Omaha, Nebraska-based Union Pacific is the largest public railroad in North America. Operating on more than 30,000 miles of track in the western two thirds of the U.S., UP generated roughly $22 billion of revenue in 2021 by hauling coal, industrial products, intermodal containers, agriculture goods, chemicals, and automotive goods. UP owns about one fourth of Mexican railroad Ferromex and derives about 10% of its revenue hauling freight to and from Mexico.

1400 Douglas Street
Omaha, NE, 68179
T +1 402 544-5000
Sector Industrials
Industry Railroads
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type Cyclical
Employees 30,189

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