Union Pacific Celebrates 145th Anniversary
Railroad Observes Milestone with Focus on Environmentally Friendly Technology, Safety and Infrastructure Improvements
Omaha, Neb., June 29, 2007 On July 1, 1862, President Abraham Lincoln signed into law the Pacific Railroad Act, creating Union Pacific and Central Pacific Railroads and chartering the two companies to link the country from Omaha to Sacramento. One hundred and forty-five years later, Union Pacific has become one of the most recognized corporations in America and continues to build on its rich history.
Jim Young, chairman and chief executive officer of Union Pacific Corporation, said the 145th anniversary is a time to not only remember the railroad’s rich past, but also to highlight the tremendous progress Union Pacific has made in helping build the nation and protect its natural resources.
"The railroad industry has changed dramatically from the original days of wood-fired locomotives steaming across the plains to connect a nation," Young said. "Today Union Pacific is committed to moving the products that fuel the nation’s economy in the most safe, economical and environmentally friendly manner possible."
As Union Pacific celebrates its 145th anniversary, the company is working to build a better environment for its employees, the public and customers through improved crossing visibility, technology and education. Union Pacific employees are using locomotive simulators to help instill safe operating practices – contributing to a 15 percent improvement in employee safety in 2006. Other improvements include:
- Fewer derailments
Union Pacific moved rail shipments across the network more safely in 2006, reducing the frequency of derailments 17 percent.
- Crossing safety awareness
Through Operation Lifesaver and other initiatives, Union Pacific hosted more than 7,000 public education classes, reaching more than 425,000 citizens to promote greater crossing safety.
- Partnerships to advance technology
Union Pacific is continuing its partnership with Dow Chemical, Union Tank Car and the Federal Railroad Administration on the "Next Generation Tank Car Project" to improve the safety of chemical transportation.
In addition to being one of the safest forms of transportation, railroads are also one of the most environmentally friendly – freight trains are three times more fuel-efficient than over-the-road trucks. By the end of 2007, Union Pacific will have invested more than $5 billion to purchase new, environmentally friendly locomotives, and will have invested millions of additional dollars to test technologies that reduce emissions from older locomotives. Ongoing efforts include:
- New locomotives
Since January 2000, Union Pacific has purchased more than 2,600 new fuel-efficient locomotives that comply with new, stricter EPA Tier 0, Tier 1 and Tier 2 standards. At the same time, more than 1,700 older units were retired, and another 1,800 locomotives were overhauled (remanufactured) to meet the stricter standards.
- Fuel Efficiency Improvements
Through fleet turnover and operational improvements, Union Pacific has achieved more than a 12 percent improvement in fuel efficiency since 1995. Lower fuel consumption means fewer emissions.
"Union Pacific is proud of the investments we’ve made in safety and more environmentally friendly operating practices," Young said. "But those aren’t the only investments we’re making. We also plan to spend a record $3.2 billion this year to improve the infrastructure of our rail network."
Young said Union Pacific’s goal, through investment in new track, track maintenance, new facilities and other infrastructure, is to provide our customers with safe and efficient service that supports our nation’s economic growth.
"Just as our first employees in 1862 helped build our country, the 50,000 men and women of today’s Union Pacific continue to play a vital role in supporting our nation’s economy," Young said. "From our initial focus on moving passengers and limited supplies, we now ship food products, grain, metals, minerals, chemicals, coal, automobiles and parts, as well as truck trailers and marine containers. And we have never had a more fuel efficient, environmentally friendly fleet of locomotives to safely move these products across the country."
Union Pacific Fast Facts:
- 50,000 employees
- 32,000 route miles
- 105,000 freight cars
- 8,500 locomotives
- 3,000 daily trains
- 9.9 million carloads of materials moved each year
- Annual purchases of $6.9 billion
- Annual commodity revenue of $14.9 billion
- Annual payroll of $3.7 billion
About Union Pacific
Union Pacific Corporation owns one of America’s leading transportation companies. Its principal operating company, Union Pacific Railroad, links 23 states in the western two-thirds of the country and serves the fastest-growing U.S. population centers. Union Pacific’s diversified business mix includes Agricultural Products, Automotive, Chemicals, Energy, Industrial Products and Intermodal. The railroad offers competitive long-haul routes from all major West Coast and Gulf Coast ports to eastern gateways. Union Pacific connects with Canada’s rail systems and is the only railroad serving all six major gateways to Mexico, making it North America’s premier rail franchise.
For further information, contact James Barnes at (402) 544-3560.
The statements and information contained in the news releases provided by Union Pacific speak only as of the date issued. Such information by its nature may become outdated, and investors should not assume that the statements and information contained in Union Pacific's news releases remain current after the date issued. Union Pacific makes no commitment, and disclaims any duty, to update any of this information.