• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Helper
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees for your businessNEW
    Legal
    Terms of usePrivacy policyCookie policy

    SEC Form 11-K filed by Union Pacific Corporation

    6/26/25 11:32:25 AM ET
    $UNP
    Railroads
    Industrials
    Get the next $UNP alert in real time by email
    11-K 1 a11-kupfe.htm 11-K Document
    Table of Contents
    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    WASHINGTON, D.C. 20549

    FORM 11-K

    (Mark One)
        
    [X]    ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
        
        For the fiscal year ended December 31, 2024

    - OR -
        
    [ ]    TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
        
        For the transition period from ___________________ to ________________

    Commission file number 1-6075
        
    A. Full title of the plan and the address of the plan, if different from that of the issuer named below:

    UNION PACIFIC FRUIT EXPRESS COMPANY
    AGREEMENT EMPLOYEE 401(k) RETIREMENT THRIFT PLAN

    B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:

    UNION PACIFIC CORPORATION
    1400 DOUGLAS STREET
    OMAHA, NEBRASKA 68179


    Table of Contents
    Union Pacific Fruit Express
    Company Agreement Employee
    401(k) Retirement Thrift Plan

    Employer ID No: 47-0600268
    Plan Number: 001

    Financial Statements as of December 31, 2024 and 2023, and for the year ended December 31, 2024, and
    Report of Independent Registered Public Accounting Firm


    Table of Contents
    UNION PACIFIC FRUIT EXPRESS COMPANY AGREEMENT
    EMPLOYEE 401(k) RETIREMENT THRIFT PLAN

    TABLE OF CONTENTS
    Page
    REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
    1
    FINANCIAL STATEMENTS AS OF DECEMBER 31, 2024 AND 2023, AND FOR THE YEAR ENDED DECEMBER 31, 2024
    Statements of Net Assets Available for Benefits
    2
    Statement of Changes in Net Assets Available for Benefits
    2
    Notes to the Financial Statements
    3
    Exhibit Index
    8
    Signature
    9

    Note:
    Additional supplemental schedules required by the Employee Retirement Income Security Act of 1974, as amended, are disclosed separately in Master Trust reports filed with the Department of Labor or are omitted because of the absence of the conditions under which they are required.


    Table of Contents
    REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

    To the Plan Participants and Plan Administrator of
    Union Pacific Fruit Express Company Agreement
    Employee 401(k) Retirement Thrift Plan

    Opinion on the Financial Statements

    We have audited the accompanying statements of net assets available for benefits of Union Pacific Fruit Express Company Agreement Employee 401(k) Retirement Thrift Plan (the "Plan") as of December 31, 2024 and 2023, the related statement of changes in net assets available for benefits for the year ended December 31, 2024, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2024 and 2023, and the changes in net assets available for benefits for the year ended December 31, 2024, in conformity with accounting principles generally accepted in the United States of America.

    Basis for Opinion

    These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on the Plan's financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

    We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.


    /s/ Deloitte & Touche LLP

    Omaha, Nebraska
    June 26, 2025

    We have served as the auditor of the Plan since 1993.
    1

    Table of Contents
    UNION PACIFIC FRUIT EXPRESS COMPANY AGREEMENT
    EMPLOYEE 401(k) RETIREMENT THRIFT PLAN

    STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS

    As of December 31,20242023
    ASSETS:
    Plan interest in Master Trust:
    Investments at fair value (Note 3 and 4)$2,788,916 $2,714,825 
    Investments at contract value (Note 4)59,719 138,341 
    NET ASSETS AVAILABLE FOR BENEFITS$2,848,635 $2,853,166 

    STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS

    For the Year Ended December 31,2024
    ADDITIONS TO NET ASSETS ATTRIBUTED TO:
    Investment income (loss):
    Plan interest in Master Trust investment income (loss) (Note 4):
    Net appreciation (depreciation) in fair value of investments$216,902 
    Interest and dividends 61,761 
    Net investment income (loss)278,663 
    DEDUCTIONS FROM NET ASSETS ATTRIBUTED TO:
    Distributions to participants281,688 
    Administrative expenses1,506
    Total deductions283,194 
    NET INCREASE (DECREASE) IN NET ASSETS$(4,531)
    NET ASSETS AVAILABLE FOR BENEFITS:
    Beginning of year$2,853,166 
    End of year$2,848,635 

    See notes to the financial statements.


    2

    Table of Contents
    UNION PACIFIC FRUIT EXPRESS COMPANY AGREEMENT
    EMPLOYEE 401(k) RETIREMENT THRIFT PLAN

    NOTES TO THE FINANCIAL STATEMENTS
    AS OF DECEMBER 31, 2024 AND 2023, AND
    FOR THE YEAR ENDED DECEMBER 31, 2024

    1. DESCRIPTION OF PLAN

    The following description of the Union Pacific Fruit Express Company Agreement Employee 401(k) Retirement Thrift Plan (the “Plan”) is provided for general information only. Participants should refer to the Plan document for more complete information.

    General — The Plan is a defined contribution plan covering employees of the Union Pacific Fruit Express Company (the “Company”) who are governed by a collective bargaining agreement entered into between the Company and a rail union to which eligibility to participate in the Plan has been extended. The Plan covers employees who have completed one year of service or were employees as of August 1, 1993, the effective date of the Plan. Vanguard Fiduciary Trust Company (“VFTC”) serves as the trustee of the Plan. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”).

    Plan Administration — The Plan is administered by the Named Fiduciary - Plan Administration. The Senior Vice President and Chief Human Resource Officer of Union Pacific Railroad Company currently serves in this role. Prior to August 1, 2024, the President of the Union Pacific Railroad Company served in this role.

    Contributions — The Plan was frozen effective August 31, 2022. No new participants or contributions are allowed in the Plan after August 31, 2022.

    Participant Loans — The Plan does not offer a participant loan feature.

    Participant Accounts — An individual account is maintained for each Plan participant. Participants may direct the investment of their account into various investment options offered by the Plan, except that a participant may not elect to transfer amounts into the Union Pacific common stock fund, a separately managed account mainly composed of Union Pacific Corporation (the “Corporation”) common stock, if such transfer would result in more than 20% of the participant’s account to be invested in such fund. Alternatively, a participant may elect to participate in the Vanguard advisers managed account program (“Managed Account Program”). The Managed Account Program is a program in which certain participants may delegate ongoing, discretionary investment management decisions with respect to their account to Vanguard Advisers, Inc. Each participant’s account is credited with the participant’s contributions, employer-matching contributions (if applicable), and an allocation of the Plan’s earnings (losses) based on the investment options selected and their performance. The allocations are based on each participant’s account balance by investment option. If a participant does not provide investment directions (or has not elected to participate in the Managed Account Program) with respect to an amount credited to their account, such amount is invested in a default investment option designated under the Plan. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested account.

    On December 1, 2023, the Union Pacific common stock fund was converted to an employee stock ownership plan and designated as the Union Pacific ESOP common stock fund (“ESOP”). With respect to common stock dividends paid to the ESOP and credited to a participant’s Plan account, the participant may elect either to receive an immediate distribution of the dividend or reinvest the dividend in the Union Pacific common stock fund. This election right applies to common stock dividends with a record date on or after December 1, 2023. Absent an affirmative election, a participant is deemed to have elected dividend reinvestment. A participant’s election (or deemed election) is evergreen until affirmatively changed by the participant.

    Vesting — Participants at all times have a 100% vested interest in their accounts.

    3

    Table of Contents
    Distributions to Participants — Following a participant’s separation from service, a distribution of benefits will be made upon request in a single sum payment. The portion of a participant’s account invested in the Union Pacific common stock fund, if any, is distributed in cash unless shares of stock are elected at the time of distribution (“in-kind distribution”). In-kind distributions are single sum and any fractional shares are distributed in cash. A participant who separated from service must receive (or begin receiving) distribution of his or her account no later than the participant’s required beginning date, as defined in the Plan. If distribution is deferred until the participant’s required beginning date, the participant's account will be distributed as either a single sum or in the form of monthly, quarterly, semi-annual, or annual installments, as elected by the participant. If the participant remains employed with the Company after attaining age 70 ½ (or, if the participant’s date of birth is after June 30, 1949, the age determined under Section 401(a)(9) of the Code, based on the participant's date of birth), the participant must either take a single sum distribution or begin installment payments of his/her account no later than the April 1st of the year following the year in which the participant separated from service. If the participant dies prior to receiving distribution of his or her entire account, the remaining account balance is distributed to the participant's beneficiary in accordance with the terms of the Plan.

    In-service withdrawals, including withdrawals of rollover contributions or after-tax contributions, qualified birth or adoption distributions, hardship withdrawals, and withdrawals on and after age 59 ½, may be made by a participant from his or her account in accordance with the Plan’s provisions.

    Subsequent Events Evaluation — We evaluated the effects of all subsequent events through June 26, 2025, the financial statement issuance date.

    2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

    Basis of Accounting — The accompanying financial statements of the Plan have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”).

    Use of Estimates — The preparation of financial statements in conformity with GAAP requires management to make estimates and
    assumptions that affect the reported amounts of net assets available for benefits and changes therein and disclosure of contingent assets and liabilities. Actual results could differ from those estimates.

    Risks and Uncertainties — The Plan utilizes various investment securities. Investment securities, in general, are exposed to various risks, such as interest rate, credit, and overall market volatility. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect the value of the participants’ account balances and amounts reported in the financial statements.

    Investment Valuation and Income Recognition — Investments are reported at fair value with the exception of fully benefit-responsive investment contracts, which are reported at contract value. Fair value of a financial instrument is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. See Note 3 for discussion of fair value measurements.

    Dividend income is recorded as of the ex-dividend date. Dividends are reinvested in a related participant fund. Interest income is recorded on the accrual basis. Purchases and sales of securities are recorded as of the trade date. Net appreciation (depreciation) includes the Plan’s gains and losses on investments bought and sold as well as held during the year.

    For fully benefit-responsive investment contracts, contract value is the relevant measurement attribute for that portion of the net assets available for benefits attributable to the contracts because contract value is the amount participants would receive if they were to initiate permitted transactions under the terms of the Plan. The statements of net assets available for benefits present the fully benefit-responsive investment contracts at contract value. The statement of changes in net assets available for benefits presents the activity of the fully benefit-responsive investment contracts on a contract value basis.

    All investment management and transaction fees directly related to the Plan investments are paid by the Plan. Management fees and operating expenses charged to the Plan for investments are deducted from income earned and are not separately reflected. Consequently, investment management fees and operating expenses are reflected as a reduction in the investment return for such investments within net appreciation (depreciation).

    Administrative Expenses — Administrative expenses of the Plan are paid by the Plan or the Company. The Company is obligated pursuant to the terms of a collective bargaining agreement to pay active participant recordkeeping expenses. Recordkeeping expenses for participants separated from service are deducted from the accounts of those participants. The Management Account Program’s management fee also is deducted from the accounts of participants who have elected to participate in the Managed Account Program.

    4

    Table of Contents
    Distributions to Participants — Distributions are recorded when paid. There were no amounts allocated to accounts of persons who have elected to withdraw from the Plan but have not yet been paid at December 31, 2024 and 2023.

    3. FAIR VALUE MEASUREMENT

    Accounting Standard Codification (ASC) 820, Fair Value Measurement, established a single authoritative definition of fair value, set a framework for measuring fair value, and requires additional disclosures about fair value measurements. In accordance with ASC 820, the Plan classifies its investments into a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers include:

    Level 1 — Quoted market prices in active markets for identical assets or liabilities.

    Level 2 — Observable market-based inputs or unobservable inputs that are corroborated by market data.

    Level 3 — Unobservable inputs that are not corroborated by market data.

    Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

    Asset Valuation Methodologies — Valuation methodologies maximize the use of relevant observable inputs and minimize the use of unobservable inputs. The following is a description of the valuation methodologies used to determine the fair value for each investment category and the fair value hierarchy tier to which each investment category has been assigned.

    Common stock — Amounts are invested exclusively in common stock issued by the Corporation. The unit price (value) for shares is computed daily based on the closing price of the Corporation common stock on the New York Stock Exchange and the number of shares of stock. Employer stock is classified as Level 1 investments.

    Cash & cash equivalents — These investments consist of U.S. dollars within a money market account. These temporary cash investments are classified as Level 1 investments.

    Mutual funds (including the domestic and international stock funds, balanced fund, money market fund, and bond funds) — The shares of mutual funds are valued at the daily closing price as reported by the fund. Mutual funds held by the Plan are open-end mutual funds that are registered with the Securities and Exchange Commission. These funds are required to publish their daily net asset value and to transact at that price. The mutual funds held by the Plan are deemed to be actively traded. Mutual funds are classified as Level 1 investments.

    Common/collective trusts — These investments are valued at the net asset value of units of the common/collective trust. The net asset value as provided by the trustee is used as a practical expedient to estimate fair value. The net asset value is based on the fair value of the underlying investments held by the fund less its liabilities. This practical expedient is not used when it is determined to be probable that the fund will sell the investment for an amount different than the reported net asset value. Due to the nature of these funds, there are no unfunded commitments or redemption restrictions.

    5

    Table of Contents
    A summary of the Corporation master trust (“Master Trust”) assets (Note 4) measured at fair value on a recurring basis set forth by level within the fair value hierarchy is presented in the following tables:

    Quoted Prices
    in ActiveSignificant
    Markets forOtherSignificant
    IdenticalObservableUnobservable
    AssetsInputsInputs
    As of December 31, 2024(Level 1)(Level 2)(Level 3)Total
    Investments at fair value:
    Common stock$629,712,621 - - $629,712,621 
    Mutual funds338,282,336 - - 338,282,336 
    Total investments in the fair value hierarchy$967,994,957 - - $967,994,957 
    Investments measured at net asset value:*
    Common/collective trusts3,463,633,998 
    Total investments at net asset value3,463,633,998 
    Total investments at fair value$4,431,628,955 

    Quoted Prices
    in ActiveSignificant
    Markets forOtherSignificant
    IdenticalObservableUnobservable
    AssetsInputsInputs
    As of December 31, 2023(Level 1)(Level 2)(Level 3)Total
    Investments at fair value:
    Common stock$754,628,396 - - $754,628,396 
    Cash & cash equivalents2,604,424 - - 2,604,424 
    Mutual funds321,935,430 - - 321,935,430 
    Total investments in the fair value hierarchy$1,079,168,250 - - $1,079,168,250 
    Investments measured at net asset value:*
    Common/collective trusts3,136,597,506 
    Total investments at net asset value3,136,597,506 
    Total investments at fair value$4,215,765,756 

    *
    In accordance with Subtopic 820-10, certain investments that were measured at net asset value per share (or its equivalent) have not been classified in the fair value hierarchy. The fair value amounts presented in these tables are intended to permit reconciliation of the fair value hierarchy to the line items presented in the statements of net assets available for benefits.

    4. MASTER TRUST

    At December 31, 2024 and 2023, the Plan participated in a Master Trust with other retirement plans sponsored by the Corporation or its subsidiaries. The investment assets of the Master Trust are held at VFTC. Use of the Master Trust permits the commingling of the trust assets of a number of benefit plans of the Corporation and its subsidiaries for investment and administrative purposes. Although assets are commingled in the Master Trust, VFTC maintains supporting records for the purpose of allocating the net investment income (loss) of the investment accounts to the various participating plans. The investment valuation methods for investments held by the Master Trust are discussed in Note 3.

    6

    Table of Contents
    The Plan’s interest in the Master Trust is presented in the following tables:

    20242023
    As of December 31,Master TrustPlan InterestMaster TrustPlan Interest
    Investments at fair value:
    Common stock$629,712,621 $350,479 $754,628,396 $384,324 
    Cash & cash equivalents
    - - 2,604,424 1,448 
    Mutual funds338,282,336 670,396 321,935,430 612,493 
    Common/collective trusts3,463,633,998 1,768,041 3,136,597,506 1,716,560 
    Investments at fair value4,431,628,955 2,788,916 4,215,765,756 2,714,825 
    Investments at contract value292,899,727 59,719 341,291,504 138,341 
    Total investments$4,724,528,682 $2,848,635 $4,557,057,260 2,853,166 

    Investment income (loss) for the Master Trust is as follows:

    For the Year Ended December 31,2024
    Net appreciation (depreciation) in fair value$403,212,199 
    Interest and dividends49,972,014 
    Total investment income (loss) of Master Trust$453,184,213 
    Plan's portion of Master Trust investment income (loss)$278,663 

    While the Plan participates in the Master Trust, each participant’s account is allocated earnings (or losses) consistent with the performance of the funds in which the participant’s account is invested. Therefore, the investment income (loss) of the Master Trust may not be allocated evenly among the plans participating in the Master Trust.

    The Master Trust provides participants a stable value investment option, the Union Pacific fixed income fund, that includes a small percentage of money market fund reported at fair value, traditional Guaranteed Investment Contracts (“GICs”), and synthetic GICs. Traditional GICs are issued by insurance companies and provide for benefit-responsive withdrawals by Plan participants at contract value. Contract value represents contributions made plus interest accrued at the contract rate, less withdrawals. The crediting rate on traditional contracts is typically fixed for the life of the investment. The contracts are backed by the assets in an insurance company’s general account or a separate account. Synthetic GICs pair Plan-owned fixed income investments with an insurance-like feature known as a “wrap contract” issued by a bank or life insurance company. The crediting interest rate is based on a formula agreed upon with the issuer, but may not be less than 0%. The crediting rate of the contract resets every quarter based on the performance of the underlying investment portfolio. To the extent that the Union Pacific fixed income fund has unrealized gains and losses, the interest crediting rate may differ from then-current market rates. These contracts meet the fully benefit-responsive investment contract criteria and therefore are reported at contract value. Contract value is the relevant measure for fully benefit-responsive investment contracts because this is the amount received by participants if they were to initiate permitted transactions under the terms of the Plan.

    Certain events might limit the ability of the Plan to transact at contract value with the contract issuer. These events could be different under each contract. Such events include layoffs, divisional sales, voluntary or involuntary reductions in workforce, Plan-wide re-enrollments, or other events that are outside the normal operation of the Plan that causes a withdrawal from an investment contract. Plan management does not believe that the occurrence of any such event, which would limit the Plan’s ability to transact at contract value with participants, is probable.

    In addition, certain events allow the issuer to terminate the contracts with the Plan and settle at an amount different from contract value. Those events could be different under each contract. Such events include a change in qualification status of a participant, employer, or Plan; a breach of material obligations under the contract and misrepresentation by the contract holder; or failure of the underlying portfolio to conform to the pre-established investment guidelines.

    The following table represents the disaggregation of contract value between GICs held by the Master Trust:

    As of December 31,20242023
    Synthetic investment contracts$269,689,102 $309,332,573 
    Traditional investment contracts23,210,625 22,812,863 
    7

    Table of Contents

    5. FEDERAL INCOME TAX STATUS

    The Plan obtained a tax determination letter dated April 14, 2016, in which the Internal Revenue Service (“IRS”) stated that the Plan, as then designed, was in compliance with the applicable requirements of the Code. Although the Plan has been amended since receiving the determination letter, the Company and Plan management believe that the Plan and the related Master Trust are currently designed and being operated in compliance with the applicable requirements of the Code. Therefore, no provision for income taxes has been included in the Plan’s financial statements.

    GAAP requires Plan management to evaluate tax positions taken by the Plan and recognize a tax liability (or asset) if the Plan has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

    6. PLAN TERMINATION

    Although it has not expressed any intent to do so, the Company has the right under the Plan, at any time, to terminate the Plan subject to the provisions of ERISA. Regardless of such actions, the principal and income of the Plan remains for the exclusive benefit of the Plan’s participants and beneficiaries. The Company may direct VFTC either to distribute the Plan’s assets to the participants, or to continue the Trust and distribute benefits as though the Plan had not been terminated.

    7. EXEMPT PARTY-IN-INTEREST TRANSACTIONS

    The Master Trust investments include the Union Pacific common stock fund, which is invested in the common stock of the Corporation. The Corporation is the parent holding company of the Plan sponsor and, therefore, these transactions qualify as party-in-interest transactions. At December 31, 2024 and 2023, the Plan’s interest in the Master Trust’s investment in the Union Pacific common stock fund had a cost basis of $90,137 and $85,034, respectively. During the year ended December 31, 2024, the Plan recorded dividend income of $8,117.

    The Master Trust also invests in various funds managed by VFTC and common/collective trusts managed by T Rowe Price and EARNEST Partners. VFTC is the Plan's trustee and recordkeeper, and T Rowe Price and EARNEST Partners are each a fiduciary with respect to the Plan's assets invested in the common/collective trusts they manage. Therefore, investment transactions in funds managed by these entities qualify as party-in-interest transactions.

    ******
    EXHIBIT INDEX

    Exhibit No.Description
    23
    Consent of Independent Registered Public Accounting Firm
    8

    Table of Contents
    SIGNATURE

    Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.

    UNION PACIFIC FRUIT EXPRESS COMPANY AGREEMENT
    EMPLOYEE 401(k) RETIREMENT THRIFT PLAN
    Dated:
    June 26, 2025
    By:
    /s/ Joshua K. Perkes
    Joshua K. Perkes,
    Senior Vice President and Chief Human Resources Officer
    Union Pacific Corporation and Union Pacific Railroad Company
    9
    Get the next $UNP alert in real time by email

    Crush Q3 2025 with the Best AI Executive Assistant

    Stay ahead of the competition with Tailforce.ai - your AI-powered business intelligence partner.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Tailforce.ai

    Recent Analyst Ratings for
    $UNP

    DatePrice TargetRatingAnalyst
    7/1/2025$231.00Neutral
    Robert W. Baird
    6/24/2025$260.00Neutral → Positive
    Susquehanna
    6/2/2025$263.00Buy → Neutral
    Goldman
    4/16/2025$259.00Neutral → Buy
    Redburn Atlantic
    4/8/2025$244.00Neutral → Buy
    Citigroup
    3/7/2025$295.00Buy
    Deutsche Bank
    2/3/2025$265.00 → $200.00Hold → Sell
    Loop Capital
    1/24/2025$245.00 → $258.00Buy
    TD Cowen
    More analyst ratings

    $UNP
    SEC Filings

    See more
    • SEC Form 11-K filed by Union Pacific Corporation

      11-K - UNION PACIFIC CORP (0000100885) (Filer)

      6/26/25 11:33:26 AM ET
      $UNP
      Railroads
      Industrials
    • SEC Form 11-K filed by Union Pacific Corporation

      11-K - UNION PACIFIC CORP (0000100885) (Filer)

      6/26/25 11:32:56 AM ET
      $UNP
      Railroads
      Industrials
    • SEC Form 11-K filed by Union Pacific Corporation

      11-K - UNION PACIFIC CORP (0000100885) (Filer)

      6/26/25 11:32:25 AM ET
      $UNP
      Railroads
      Industrials

    $UNP
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Robert W. Baird resumed coverage on Union Pacific with a new price target

      Robert W. Baird resumed coverage of Union Pacific with a rating of Neutral and set a new price target of $231.00

      7/1/25 8:26:15 AM ET
      $UNP
      Railroads
      Industrials
    • Union Pacific upgraded by Susquehanna with a new price target

      Susquehanna upgraded Union Pacific from Neutral to Positive and set a new price target of $260.00

      6/24/25 8:25:23 AM ET
      $UNP
      Railroads
      Industrials
    • Union Pacific downgraded by Goldman with a new price target

      Goldman downgraded Union Pacific from Buy to Neutral and set a new price target of $263.00

      6/2/25 8:44:03 AM ET
      $UNP
      Railroads
      Industrials

    $UNP
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Union Pacific Corporation Announces Second Quarter 2025 Earnings Release Date

      Union Pacific Corporation (NYSE:UNP) will release second quarter 2025 financial and operating results on Thursday, July 24, 2025, at 7:45 a.m. ET. The company's management team will host a conference call and live webcast at 8:45 a.m. ET. Parties interested in participating via teleconference may dial 877-407-8293. International callers may dial 201-689-8349. A live webcast of the presentation and materials will be available in the investor relations section of Union Pacific's website at https://investor.unionpacific.com/. A replay of the audio webcast will be available shortly thereafter. ABOUT UNION PACIFIC Union Pacific (NYSE:UNP) delivers the goods families and businesses use ever

      6/26/25 8:00:00 AM ET
      $UNP
      Railroads
      Industrials
    • Union Pacific Corporation CEO Jim Vena and CFO Jennifer Hamann to Address the 2025 Wells Fargo Industrials & Materials Conference

      Jim Vena, chief executive officer, and Jennifer Hamann, executive vice president and chief financial officer, of Union Pacific Corporation (NYSE:UNP) will address the 2025 Wells Fargo Industrials & Materials Conference on Tuesday, June 10, 2025, at 10:30 a.m. ET. A live webcast of the presentation will be available in the investor relations section of Union Pacific's website at https://investor.unionpacific.com. A replay of the audio webcast will be available shortly thereafter. ABOUT UNION PACIFIC Union Pacific (NYSE:UNP) delivers the goods families and businesses use every day with safe, reliable and efficient service. Operating in 23 western states, the company connects its custome

      6/3/25 8:00:00 AM ET
      $UNP
      Railroads
      Industrials
    • Union Pacific's Big Boy 4014 Will Make Two Whistle-Stops in Colorado During Limited 2025 Excursion

      The legendary locomotive will be accompanied by Union Pacific's New No. 1616 Lincoln Locomotive Union Pacific Railroad announced today its legendary steam locomotive, Big Boy No. 4014, will make two whistle-stops in Greeley, Colorado, this summer as part of a limited summer excursion. Big Boy will be accompanied by Union Pacific's No. 1616 Lincoln Locomotive, the railroad's newest commemorative locomotive, which honors Abraham Lincoln's role in uniting the nation through rail and laying the foundation for America's freight rail network. As part of this year's summer excursion, the Union Pacific Railroad Museum will auction off four exclusive cab rides between Cheyenne, Wyoming, and De

      5/27/25 12:00:00 PM ET
      $UNP
      Railroads
      Industrials

    $UNP
    Leadership Updates

    Live Leadership Updates

    See more
    • Union Pacific Announces Appointment of Christina Conlin to Senior Vice President, Chief Legal Officer and Corporate Secretary

      Union Pacific Railroad has announced the appointment of Christina Conlin as senior vice president, chief legal officer and corporate secretary succeeding Craig Richardson, who is set to retire at the end of March. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250321662354/en/Christina Conlin, Senior Vice President, Chief Legal Officer and Corporate Secretary of Union Pacific Railroad. Conlin will oversee all aspects of the company's legal affairs, including commercial transactions and litigation, labor and employment and regulatory matters. She will also lead the company's claims management team. "Christina is a wonderful addit

      3/21/25 10:11:00 AM ET
      $UNP
      Railroads
      Industrials
    • Union Pacific Corporation Invites You to Join Broadcast of its 2024 Investor Day

      You are invited to listen to Union Pacific Corporation's (NYSE:UNP) 2024 Investor Day presentations. The presentations will be broadcast live over the Internet from Dallas, Texas, on Thursday, Sept. 19, 2024, from 9 a.m. ET until approximately 12:30 p.m. ET. What: Union Pacific Corporation's 2024 Investor Day When: Thursday, Sept. 19, 2024, at 9 a.m. ET Where: Union Pacific's website at https://investor.unionpacific.com/.  Alternatively, the webcast can be accessed directly through the following link. How: Live over the internet by logging on to the web at the address above If you are unable to listen to the live webcast, presentation materials and

      9/12/24 4:30:00 PM ET
      $UNP
      Railroads
      Industrials
    • Union Pacific Corporation Invites You to Join Broadcast of its 2024 Investor Day

      You are invited to listen to Union Pacific Corporation's (NYSE:UNP) 2024 Investor Day presentations. The presentations will be broadcast live over the Internet from Dallas, Texas, on Thursday, Sept. 19, 2024, from 9 a.m. ET until approximately 12:30 p.m. ET.     What: Union Pacific Corporation's 2024 Investor Day     When: Thursday, Sept. 19, 2024, at 9 a.m. ET     Where: Union Pacific's website at https://investor.unionpacific.com/. Alternatively, the webcast can be accessed directly through the following link.     How: Live over the internet by logging on to the web at the address above If you are unable to listen to the live webc

      8/26/24 2:30:00 PM ET
      $UNP
      Railroads
      Industrials

    $UNP
    Financials

    Live finance-specific insights

    See more
    • Union Pacific Corporation Announces Second Quarter 2025 Earnings Release Date

      Union Pacific Corporation (NYSE:UNP) will release second quarter 2025 financial and operating results on Thursday, July 24, 2025, at 7:45 a.m. ET. The company's management team will host a conference call and live webcast at 8:45 a.m. ET. Parties interested in participating via teleconference may dial 877-407-8293. International callers may dial 201-689-8349. A live webcast of the presentation and materials will be available in the investor relations section of Union Pacific's website at https://investor.unionpacific.com/. A replay of the audio webcast will be available shortly thereafter. ABOUT UNION PACIFIC Union Pacific (NYSE:UNP) delivers the goods families and businesses use ever

      6/26/25 8:00:00 AM ET
      $UNP
      Railroads
      Industrials
    • Union Pacific Corporation Declares Second Quarter 2025 Dividend

      The Board of Directors of Union Pacific Corporation (NYSE:UNP) has declared a quarterly dividend of $1.34 per share on the company's common stock, payable June 30, 2025, to shareholders of record May 30, 2025. Union Pacific has paid dividends on its common stock for 126 consecutive years. ABOUT UNION PACIFIC Union Pacific (NYSE:UNP) delivers the goods families and businesses use every day with safe, reliable and efficient service. Operating in 23 western states, the company connects its customers and communities to the global economy. Trains are the most environmentally responsible way to move freight, helping Union Pacific protect future generations. More information about Union Pacific

      5/8/25 4:15:00 PM ET
      $UNP
      Railroads
      Industrials
    • Union Pacific Reports First Quarter 2025 Results

      First quarter earnings per diluted share flat at $2.70, reflecting a 7% headwind from fuel and leap year First quarter operating income flat at $2.4 billion First quarter revenue carloads up 7% First quarter freight revenue excluding fuel surcharge up 4% Union Pacific Corporation (NYSE:UNP) today reported 2025 first quarter net income of $1.6 billion, or $2.70 per diluted share. This compares to 2024 first quarter net income of $1.6 billion, or $2.69 per diluted share. "The team delivered a solid start to the year as we worked closely with our customers to meet their needs in an uncertain environment," said Jim Vena, Union Pacific Chief Executive Officer. "Looking to the rest of 2

      4/24/25 7:45:00 AM ET
      $UNP
      Railroads
      Industrials

    $UNP
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13G/A filed by Union Pacific Corporation (Amendment)

      SC 13G/A - UNION PACIFIC CORP (0000100885) (Subject)

      2/10/22 8:42:46 AM ET
      $UNP
      Railroads
      Industrials
    • SEC Form SC 13G/A filed

      SC 13G/A - UNION PACIFIC CORP (0000100885) (Subject)

      2/10/21 11:57:24 AM ET
      $UNP
      Railroads
      Industrials

    $UNP
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • SEC Form 4 filed by Director Dillon David B

      4 - UNION PACIFIC CORP (0000100885) (Issuer)

      7/3/25 5:12:17 PM ET
      $UNP
      Railroads
      Industrials
    • SEC Form 4 filed by Director Wiehoff John

      4 - UNION PACIFIC CORP (0000100885) (Issuer)

      7/2/25 3:09:09 PM ET
      $UNP
      Railroads
      Industrials
    • SEC Form 4 filed by Director Williams Christopher J

      4 - UNION PACIFIC CORP (0000100885) (Issuer)

      7/2/25 3:09:18 PM ET
      $UNP
      Railroads
      Industrials

    $UNP
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Vena Vincenzo J bought $999,007 worth of shares (4,500 units at $222.00), increasing direct ownership by 742% to 5,106 units (SEC Form 4)

      4 - UNION PACIFIC CORP (0000100885) (Issuer)

      12/11/23 7:01:51 PM ET
      $UNP
      Railroads
      Industrials