Union Pacific Railway
Union Pacific reports third quarter 2009 earnings PDF Print E-mail
Written by Union Pacific   
Wednesday, 21 October 2009 00:00
OMAHA, Neb. — Union Pacific Corporation (NYSE: UNP) today reported 2009 third quarter net income of $517 million, or $1.02 per diluted share, compared to $703 million, or $1.38 per diluted share in the third quarter 2008.

Third Quarter 2009 Highlights

* Operating income totaled $967 million, down 20 percent.
* Net income declined 26 percent to $517 million.
* Ongoing productivity initiatives, pricing gains and lower diesel fuel prices contributed to a record third quarter operating ratio of 73.7 percent.
* Customer Satisfaction Index of 88 is an all-time best, up 5 points.

"Union Pacific's third quarter results were clearly affected by the global recession and related decline in our rail traffic," said Jim Young, Union Pacific chairman and chief executive officer. "In the face of that challenge, the Union Pacific team achieved a record third quarter operating ratio, as well as record customer satisfaction levels, by concentrating on our business fundamentals of safety, service, value and productivity."

Third Quarter Summary
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Union Pacific touts link with Iowa's agriculture PDF Print E-mail
Written by Dan Piller - The Des Moines Register   
Friday, 02 October 2009 00:00
BOONE, Iowa — Union Pacific Railroad Chairman Jim Young wants Iowa farmers to know that his railroad has 20,000 covered hopper grain cars, 8,000 of them in storage, along with 1,800 locomotives ready to haul the corn and soybean harvest that has begun.

Union Pacific, based in Omaha, plays an important role in export movements because of its links to Pacific Northwest ports, as well as its gateways through Houston and into Mexico.

"Of course, we can't always get the grain movements exactly when we want them," Young said Thursday on a visit to dedicate the new Kate Shelley Bridge over the Des Moines River between Ogden and Boone.
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Timing is a problem. Soybean export markets have been good, providing Union Pacific with steady trainloads out of Iowa. But corn export shipments were down 49 percent through midyear. More troublesome, corn prices of less than $3.50 per bushel will make farmers unlikely to want to ship corn anywhere for a while.
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