Union Pacific Railroad - Union Pacific Corporation

Union Pacific Corporation
Type Public company
Traded as NYSE: UNP
Industry Railroad
Founded July 1, 1862
Headquarters Omaha, Nebraska, U.S.
Area served United States
Key people Jack Koraleski
Revenue US$ 16.965 billion
Operating income US$ 4.981 billion
Net income US$ 2.780 billion
Total assets US$ 43.008 billion
Total equity US$ 17.763 billion
Employees 42,884
Website UP.com

In 1986 UP purchased Overnite Transportation, a fairly major less-than-truckload shipping carrier. UP divested itself of Overnite Trucking through an IPO in 2004.

In the late 1980s and early 1990s, UP purchased several non-railroad companies, such as Skyway Freight Systems of Watsonville, California, and United States Pollution Control, Inc., but by 2000, following the appointment of Richard K. Davidson as CEO, it had divested itself of all non-railroad properties except for Overnite Trucking, and its holding company for logistical technology, Fenix Enterprises.

The Union Pacific Corporation (not the railroad itself) was located in Bethlehem, Pennsylvania until 1997, when Richard K. Davidson announced that it was moving to Dallas in September of that year. Two years later, on the sale of Skyway and the impending divestiture of Overnite, the UP corporate headquarters moved to Omaha to join the headquarters of the railroad.

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