Union Pacific Corp
NYSE:UNP

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Union Pacific Corp Logo
Union Pacific Corp
NYSE:UNP
Watchlist
Price: 232.95 USD -1.06% Market Closed
Market Cap: 138.2B USD

Union Pacific Corp
Investor Relations

Union Pacific Corp., a stalwart in the American railroad industry, traces its roots back to the days when iron rails began knitting the vast expanses of the United States together. As one of the major freight rail networks, Union Pacific operates over 32,000 miles of track, stretching from the Midwest to the Pacific coast. Its extensive network serves as a vital conduit for economic activity, transporting everything from agricultural products in the heartland to automobiles rolling off assembly lines. This rail giant's revenue streams stem primarily from moving a diverse array of goods including intermodal containers, coal, chemicals, and industrial products. By efficiently managing logistics and leveraging an extensive infrastructure, Union Pacific turns rail transportation into a strategic advantage.

The company's operations are robustly supported by investments in technology and infrastructure, ensuring the trains run smoothly and safely across its expansive network. Union Pacific's commitment to innovation shines through in its use of data analytics and automated systems that optimize train routing and scheduling, enhancing the reliability of their services. Moreover, by ensuring timely and dependable delivery of goods, Union Pacific secures long-term contracts with major manufacturers and shippers, providing sturdy revenue streams. Thus, the company thrives on the synergy of scale, efficiency, and a deep-rooted presence in the American economic landscape, propelling industries and communities forward one railcar at a time.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 23, 2025
AI Summary
Q3 2025

EPS Growth: Adjusted earnings per share rose 12% year-over-year to $3.08, driven by strong pricing and operational efficiency.

Record Operating Metrics: Union Pacific set all-time records in workforce productivity, fuel consumption, terminal dwell, and train length.

Revenue Up: Operating revenue increased 3% to $6.2 billion, with freight revenue also up 3%.

Operating Ratio Improvement: Adjusted operating ratio improved by 180 basis points to 58.5%, marking best-ever performance.

Merger Progress: The company is preparing to file its merger application with Norfolk Southern by late November or early December, with broad customer and union support.

Volume Headwinds: Volumes were down slightly in Q3 and are running down 6% so far in Q4, particularly in international intermodal.

Strong Cash Generation: Cash from operations rose 6% to $7.1 billion, allowing $1 billion in debt paydown and a continued dividend increase.

Guidance Maintained: Despite Q4 challenges, management reaffirmed its 3-year EPS CAGR target and outlook for industry-leading operating ratio and returns.

Key Financials
Earnings Per Share
$3.01
Adjusted Earnings Per Share
$3.08
Operating Revenue
$6.2 billion
Freight Revenue
$5.9 billion
Operating Ratio
58.5%
Operating Income
$2.5 billion
Net Income
$1.8 billion
Other Income
$96 million
Operating Expense
$3.7 billion
Cash from Operations
$7.1 billion
Fuel Surcharge Revenue
$602 million
Fuel Price
$2.56 per gallon
Debt-to-EBITDA Ratio
2.6x
Dividend
Increased for 19th consecutive year
Workforce Productivity
Record quarterly level, up 6%
Compensation per Employee
Up 2.5% vs last year
Train Length
Over 9,800 feet
Terminal Dwell
Just over 20 hours
Freight Car Velocity
226 miles per day
Volume (Q4 trend)
Down 6%
Adjusted Debt Paydown
$1 billion
Cash Balance
Just over $800 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Vincenzo James Vena
CEO & Director

Vincenzo James Vena, often known as Jim Vena, is a well-respected executive in the railroad industry, notably associated with Union Pacific Corporation. With a career spanning several decades, Vena has established a reputation for operational excellence and leadership. He began his career in the railway sector with Canadian National Railway Company, where he worked for over 40 years, holding various positions of increasing responsibility. His roles at CN included leading significant initiatives in engineering, transportation, and field operations. His leadership helped transform CN into one of the most efficient railroads in North America. Vena joined Union Pacific in January 2019 as the Chief Operating Officer (COO). During his tenure, he implemented significant operational strategies and initiatives aimed at improving efficiency and performance. His work at Union Pacific was marked by efforts to streamline operations and enhance service reliability through the implementation of precision scheduled railroading (PSR) principles, which emphasized efficiency and focused on customer service. After a successful tenure at Union Pacific, he stepped down from his position in 2020 but continued to be recognized for his operational acumen and strategic insights in the rail industry. His leadership and expertise have left a lasting impact on Union Pacific and the broader railroad community. His career is often highlighted by his ability to drive change and promote a culture of continuous improvement.

Ms. Elizabeth F. Whited
President

Elizabeth F. Whited is a prominent executive at Union Pacific Corporation, one of the largest freight railroads in North America. With a career spanning several decades at Union Pacific, she has held various leadership positions within the company, demonstrating her expertise and versatility in the transportation and logistics industry. Ms. Whited has been instrumental in playing a major role in overseeing critical functions such as marketing, sales, finance, and strategic planning for Union Pacific Corp. Her leadership has contributed to the company's success in optimizing operations and implementing innovative strategies to enhance service quality and efficiency. Known for her strategic vision and adept leadership, Elizabeth F. Whited continues to be a key figure in steering Union Pacific's corporate direction and maintaining its competitive edge in the rapidly evolving freight transportation sector.

Mr. Eric J. Gehringer
Executive Vice President of Operations - Union Pacific Railroad Company

Eric J. Gehringer is an influential executive at Union Pacific Corporation, where he serves as the Executive Vice President of Operations. In this role, he oversees various critical aspects of the company’s operations, including the management and performance of the railroad's transportation services, engineering functions, and network planning. Gehringer joined Union Pacific in 2004 and has risen through the ranks, holding positions in both the Marketing and Operations departments, which provided him with a comprehensive understanding of the company's strategies and operational dynamics. His extensive experience in various capacities within Union Pacific has been crucial in driving operational efficiencies and enhancing service reliability. Gehringer's leadership is characterized by a focus on safety, efficiency, and innovative solutions to improve the railroad's service delivery. His engineering background, combined with a strategic business acumen, enables him to effectively lead large teams and complex projects aimed at maintaining and growing Union Pacific's position as a leader in the transportation sector. He holds a degree in Mechanical Engineering from the University of Nebraska-Lincoln and an MBA from the University of Nebraska at Omaha, which have furnished him with a strong technical and managerial foundation. Under his leadership, Union Pacific continues to focus on network improvements and adopts new technologies to optimize operations.

Mr. Todd M. Rynaski
Senior VP, Chief Accounting, Risk & Compliance Officer

Mr. Todd M. Rynaski serves as the Vice President of Financial Planning and Analysis at Union Pacific Corporation. In this role, he is responsible for overseeing the company's financial planning processes, budgeting, and forecasting. His leadership aids in aligning the financial strategies with Union Pacific's overall business objectives, ensuring robust financial health and efficient allocation of resources. Todd M. Rynaski plays a crucial role in analyzing financial data to support decision-making and fostering a culture of financial discipline within the organization. His contributions are vital for the continuous growth and profitability of Union Pacific.

Mr. Rahul Jalali
Executive VP & Chief Information Officer

Rahul Jalali serves as the Senior Vice President and Chief Information Officer at Union Pacific Corporation. He joined the company in 2020, bringing with him extensive experience in information technology and digital transformation. Before joining Union Pacific, Jalali spent several years at Walmart, where he held various leadership roles in global technology and cybersecurity. At Union Pacific, he is responsible for the company's information technologies, including IT strategy, operations, and innovation efforts, which play a critical role in optimizing the railroad's safety, service, and efficiency. Jalali's leadership is instrumental in driving Union Pacific's technology initiatives, ensuring the company remains at the forefront of innovation in the transportation industry. His expertise is key to the ongoing development and deployment of technologies that enhance the customer experience and streamline operations.

Mr. Craig V. Richardson
Executive VP, Chief Legal Officer & Corporate Secretary

Craig V. Richardson is an executive who has played a significant role at Union Pacific Corporation, one of the largest railroad companies in the United States. As Executive Vice President and Chief Legal Officer, Richardson oversees the corporation's law department and plays a crucial role in managing the company's legal affairs, compliance, and corporate governance. With a background in corporate law, Richardson is responsible for providing legal guidance to support Union Pacific's operations, ensuring compliance with federal regulations, and addressing any legal challenges the corporation may encounter. His expertise contributes to the strategic planning and risk management practices of the company. Richardson's leadership is vital in maintaining Union Pacific's commitment to legal and ethical standards, positioning the corporation to effectively handle the complexity of the transportation industry. His role is integral to upholding the corporation's reputation and ensuring its continued success in the dynamic business landscape.

Ms. Clarissa Beyah-Taylor
Chief Communications Officer

Clarissa Beyah-Taylor is recognized as a prominent figure at Union Pacific Corp, where she holds an influential position. As the Chief Communication Officer, she plays a crucial role in overseeing the company's communication strategies and public relations efforts. With her extensive experience in corporate communications, Beyah-Taylor is instrumental in shaping the company’s image and fostering effective internal and external communication channels. Before joining Union Pacific, Beyah-Taylor built a notable career working with Fortune 500 companies, where she honed her skills in strategic communication, leadership, and brand management. Her expertise encompasses media relations, crisis communication, and corporate social responsibility initiatives, making her a valuable asset to Union Pacific’s executive team. Beyah-Taylor is recognized for her commitment to diversity and inclusion within the corporate sphere, often advocating for initiatives that promote an inclusive work environment. Her leadership style is marked by transparency, collaboration, and a forward-thinking approach, which aligns with Union Pacific's vision and goals. Through her work, she contributes to maintaining the corporation's reputation and supports its mission of providing reliable and efficient rail transportation services.

Mr. Joshua K. Perkes
Senior VP & Chief Human Resources Officer

Joshua K. Perkes is a key executive at Union Pacific Corporation, serving as the Vice President – Loup Logistics, a role he undertook in January 2021. In this capacity, Perkes is responsible for guiding the strategic direction and operations of Loup Logistics, which is Union Pacific's subsidiary focused on providing comprehensive logistics solutions. Before assuming his current role, Perkes held various important positions within Union Pacific, building a robust career by working in areas such as marketing and sales. His extensive experience and leadership skills have significantly contributed to enhancing Union Pacific's logistics capabilities and customer satisfaction. Perkes is known for his expertise in supply chain management and his commitment to driving innovation and efficiency within the logistics industry. Through his leadership at Loup Logistics, he plays an important role in ensuring that Union Pacific continues to deliver high-quality, reliable services to its customers across North America. His efforts contribute to the company's goal of maintaining a competitive edge in the transportation and logistics sectors.

Mr. Brian Barr
Senior Vice President of Transportation

Brian Barr is an executive at Union Pacific Corporation, where he has made significant contributions to the company's operations and strategic initiatives. He currently serves as the Vice President of Locomotive Distribution and Network Operations. In this capacity, Barr is responsible for overseeing the distribution and effective operational management of Union Pacific's extensive fleet of locomotives. He has been with Union Pacific for several years, during which time he has held various positions contributing to his comprehensive understanding of railroad operations and logistics. His leadership has been instrumental in enhancing the efficiency of locomotive deployment and ensuring optimal network performance. Barr's initiatives are focused on improving operational reliability and supporting the strategic goals of Union Pacific, which is one of the largest railroad networks in the United States. His expertise contributes to the company’s ability to deliver cargo efficiently while maintaining high standards of safety and service quality.

Contacts

Address
NEBRASKA
Omaha
1400 Douglas Street
Contacts
+14025445000.0
www.up.com