Union Pacific Corporation History

1717 Main Street, Suite 5900
Dallas, Texas 75201-4605

Telephone: (214) 743-5600
Fax: (214) 743-5656

Public Company
Incorporated: 1969
Employees: 65,100
Sales: $10.55 billion (1998)
Stock Exchanges: New York
Ticker Symbol: UNP
NAIC: 482111 Line-Haul Railroads; 484122 General Freight Trucking, Long-Distance, Less Than Truckload; 551112 Offices of Other Holding Companies

Company Perspectives:

Since its inception, Union Pacific has been a company whose activities have always been associated with the land--first as a key transportation link spanning the West, later as a developer and guardian of its natural resources. The strategic planning and investment decisions of the modern Union Pacific Corporation stem from this heritage. The corporation concentrates on businesses that it knows, using the specialized knowledge acquired over the years in fields of endeavor critical to the American economy and the nation's future.

Company History:

Further Reading:

  • "Back to Railroading for a New Era," Business Week, July 14, 1980.
  • Bailey, Ed H., The Century of Progress: A Heritage of Service, Union Pacific, 1869--1969, New York: Newcomen Society in North America, 1969, 24 p.
  • Barrett, Amy, "The Bull Pen: Union Pacific's Drew Lewis Says He's Fed Up with Politics," Financial World, January 8, 1991, pp. 24+.
  • Berman, Phyllis, and Roula Khalaf, "'I Might Be a Seller, I Might Be a Buyer'," Forbes, February 3, 1992, pp. 86--87.
  • Byrnes, Nanette, "The Waiting Game," Financial World, September 13, 1994, pp. 32--34.
  • Cook, William S., Building the Modern Union Pacific, New York: Newcomen Society of the United States, 1984, 24 p.
  • Daggett, Stuart, Chapters on the History of the Southern Pacific, New York, Kelley, 1966.
  • Galloway, John Debo, The First Transcontinental Railroad: Central Pacific, Union Pacific, New York: Simmons-Boardman, 1950; reprint, Westport, Conn.: Greenwood Press, 1983.
  • Howard, Robert West, The Great Iron Trail: The Story of the First Transcontinental Railroad, New York: Putnam, 1962.
  • Huneke, William F., The Heavy Hand: The Government and the Union Pacific, 1862--1898, New York: Garland, 1985.
  • Kenefick, John C., Union Pacific and the Building of the West, New York: Newcomen Society of the United States, 1985, 18 p.
  • Klein, Maury, Union Pacific: Birth of a Railroad, New York: Doubleday, 1987.
  • ------, Union Pacific: The Rebirth, 1894--1969, New York: Doubleday, 1990.
    Kupfer, Andrew, "An Outsider Fires Up a Railroad," Fortune, December 18, 1989, pp. 133+.
  • Machan, Dan, "The Man Who Won't Let Go," Forbes, August 1, 1994, pp. 64--65.
  • Machalaba, Daniel, "A Big Railroad Merger Goes Terribly Awry in a Very Short Time," Wall Street Journal, October 2, 1997, pp. A1, A13.
  • ------, "Union Pacific and Burlington Northern to Coordinate Some Train Dispatching," Wall Street Journal, February 9, 1999, p. A6.
  • ------, "Union Pacific Reverses Course with Burlington Pact," Wall Street Journal, February 17, 1998, p. B4.
  • ------, "Union Pacific to Reverse Centralization," Wall Street Journal, August 20, 1998, pp. A3, A9.
  • Machalaba, Daniel, and Anna Wilde Mathews, "Union Pacific Tie-Ups Reach Across Economy," Wall Street Journal, October 8, 1997, pp. B1, B17.
  • Machalaba, Daniel, and Asra Q. Nomani, "More Rail Deals May Be Down the Track," Wall Street Journal, July 5, 1996, p. A2.
  • Mathews, Anna Wilde, "Union Pacific's Burns Resigns Positions, Davidson, Davis Named to Succeed Him," Wall Street Journal, November 7, 1996, p. B10.
  • O'Reilly, Brian, "The Wreck of the Union Pacific," Fortune, March 30, 1998, pp. 94+.
  • Palmeri, Christopher, and Ann Marsh, "Can Drew Lewis Drive the Golden Nail?," Forbes, December 18, 1995, pp. 52+.
  • "Southern Pacific," Fortune, November 1937.
  • "SP's Strategy for Success," Railway Age, May 1993, pp. 31--32, 34, 36, 38.
  • Trottman, Nelson, History of Union Pacific, New York: Ronald Press, 1923.
  • "Union Pacific: The Story Behind the Statistics," Railway Age, December 1992, pp. 19--23.
  • Weber, Joseph, et al., "Union Pacific's Uphill Haul," Business Week, July 1, 1996, pp. 52, 54.
  • Welty, Gus, "Railroader of the Year: SP's Ed Moyers," Railway Age, January 1995, pp. 29--31.
  • ------, "SP Battles Back to Respectability," Railway Age, November 1994, pp. 22--23, 25--26.
  • Willoughby, Jack, "The Rebuilding of Uncle Pete," Forbes, November 14, 1988.
  • Zellner, Wendy, "An Old Brakeman Faces His Ultimate Test," Business Week, October 6, 1997, pp. 110+.
  • ------, "The Rails: Trouble Behind, Trouble Ahead," Business Week, November 24, 1997, pp. 40, 42.
  • Zellner, Wendy, and Kathleen Morris, "A Desperate Effort to Clear the Tracks," Business Week, March 2, 1998, p. 46.

Source: International Directory of Company Histories, Vol. 28. St. James Press, 1999.