union pacific 2020

This news release and related materials contain statements about the Company’s future that are not statements of historical fact, including specifically the statements regarding the Company’s expectations with respect to economic conditions and demand levels, its ability to improve network performance, its results of operations, and potential impacts of the COVID-19 pandemic. Fourth quarter business volumes, as measured by total revenue carloads, increased 3% compared to 2019. This compares to $1.6 billion, or $2.22 per diluted share, in the second quarter 2019. Union Pacific’s capital program in 2020 totaled $2.8 billion. In 2020, it plans to cut another 3,000 or so jobs. More information about Union Pacific is available at www.up.com. Watch later. Its business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Excluding the effects of that charge, adjusted fourth quarter net income was $1.6 billion, or $2.36 per diluted share. Quarterly freight car velocity was 220 daily miles per car, a 3% improvement compared to third quarter 2019. Union Pacific repurchased 22 million shares in 2020 at an aggregate cost of $3.7 billion. Union Pacific makes no commitment, and disclaims any duty, to update any of this information. We also summarize our 2020 financial performance. Carloadings were down 7% versus 2019, as all three business teams – bulk, industrial, and premium – declined due to the economic conditions brought on by the COVID-19 pandemic. We expect our enhanced service product will support both solid core pricing gains while also increasing our share of the freight transportation market," Fritz said. 2020 Full Year Summary. Any merger involving Kansas City Southern and either Canadian Pacific or CN should be scrutinized by regulators to ensure that the combined railroad doesn’t cause downstream impacts to the value of competing railroads, the head of Union Pacific said Thursday.. CP and Kansas City Southern (KCS) last month agreed to merge, while CN made a bid for KCS on Tuesday. Trains are the most environmentally responsible way to move freight, helping Union Pacific protect future generations. Lower fuel prices positively impacted the operating ratio by 130 basis points. Operating revenue of $5.1 billion was down 1% in fourth quarter 2020 compared to fourth quarter 2019. Therefore, the ratio of Lance M. Fritz's pay to the median employee pay was 168 to one. 2021 Outlook “While the economic outlook for 2021 remains uncertain, we will build off our solid 2020 performance to produce continued strong productivity through operational excellence. From left, Engineering's Hal Chatwin, track inspector, and Eric Chouquer, section foreman. Quarterly freight car velocity was 223 daily miles per car, a 1% improvement compared to fourth quarter 2019. In May 2020, another Union Pacific derailment damaged a different overpass which The Skanner described as an ongoing safety concern. Union Pacific total assets for the quarter ending March 31, 2021 were $61.793B, a 0.68% decline year-over-year. Union Pacific Investor contact: Brad Stock at 402-544-4227 or bkstock@up.com. To enhance long-term value: Vote AGAINST Card, Fritz, McCarthy and McLarty, Auditor, Pay. Union Pacific’s capital program in 2020 totaled $2.8 billion. Read more. 43% of the compensation package, or $2.4M, was in stock awards. Effective October 1, 2020, Union Pacific will update UP 2028, Items 1301 - 1390 with the new standard Agriculture geography groups to enhance consistency across all Grain Products tariffs and improve rate coverage. Union Pacific remains committed to maintaining a strong investment-grade credit rating, ending 2020 with a Baa1 rating from Moody's and an A minus from … San Antonio area. "The women and men of Union Pacific persevered throughout the pandemic to provide our customers with a safe, reliable, and consistent service product.". At Union Pacific, those heroes are the Response Management Communications Center's critical call dispatchers who are ready to respond to emergencies 24/7. Important factors, including risk factors, could affect the Company’s and its subsidiaries’ future results and could cause those results or other outcomes to differ materially from those expressed or implied in the forward-looking statements. The Company’s FRA reportable rail equipment incident rate of 3.54 per million train miles improved 17% compared to full year 2019. Quarterly locomotive productivity was 142 gross ton-miles per horsepower day, a 13% improvement compared to fourth quarter 2019. Operating income totaled $7.8 billion, which decreased compared to 2019. Register to access Secure Tools, Applications and Reports to help simplify your business. Union Pacific expects second quarter 2020 carload volumes to be down around 25 percent, compared to the second quarter 2019. 402-957-4793 Forward-looking information, including expectations regarding operational and financial improvements and the Company’s future performance or results are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the statement. Union Pacific total assets for 2020 were $62.398B, a 1.18% increase from 2019. Fuel consumption rate, measured in gallons of fuel per thousand gross ton miles, improved 2% in 2020 compared to 2019. This report details our progress in key areas supporting social, economic and environmental sustainability pillars: operating safely, strengthening communities, engaging employees and protecting the environment. Excluding the effects of the $278 million pre-tax, non-cash impairment charge, adjusted full year net income was $5.6 billion, or $8.19 per diluted share. 2020 Building America Report. Clarissa Beyah The derailment involved about 30 cars. Union Pacific’s full year 59.9% reported operating ratio when adjusted for the impairment charge is a best ever 58.5%, 210 basis points lower than 2019. Which would mean that over the two-year period through Q4 2020, the company will have axed about 25% of its employees. Our Beliefs on Diversity & Social Justice, Two Union Pacific employees stationed out of North Little Rock, Arkansas, have gone above and beyond in their community to support a woman who brightens the days of local train crews. Forward-looking statements also generally include, without limitation, information or statements regarding: projections, predictions, expectations, estimates or forecasts as to the Company’s and its subsidiaries’ business, financial, and operational results, and future economic performance; and management’s beliefs, expectations, goals, and objectives and other similar expressions concerning matters that are not historical facts. Excluding the effects of the $278 million pre-tax, non-cash impairment charge, adjusted full year net income was $5.6 billion, or $8.19 per diluted share. Building America for more than 155 years by serving customers, communities and shareholders with a passion for performance, high ethical standards and teamwork. Vincenzo J. Vena , Senior Advisor, received a compensation package of $5.6M, which decreased by 3% compared to previous year. These results include a previously announced $278 million pre-tax, non-cash impairment charge. A Union Pacific train derailed between North Platte and Maxwell, Nebraska on Saturday, August 22, 2020. Union Pacific Corporation (NYSE: UNP) today reported 2020 first quarter net income of $1.5 billion, or $2.15 per diluted share. The statements and information contained in the news releases provided by Union Pacific speak only as of the date issued. Register to access Secure Tools, Applications and Reports to help simplify your business. Read more. Union Pacific - Donner Pass - USA - February 2020. "Our confidence in our ability to drive value for all of our stakeholders has never been greater.". This report details our progress in key areas supporting social, economic and environmental sustainability pillars: operating safely, strengthening communities, engaging employees and protecting the environment. Union Pacific (NYSE: UNP) delivers the goods families and businesses use every day with safe, reliable and efficient service. 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