North America has one of the largest transportation systems in the world. Union Pacific Railroad is the largest railroad in the North America currently covering over 23 states across the western two-thirds of the United States with over 36,000 miles of track. The Union Pacific Railroad maintains coordinated schedules with other rail carriers for the handling of freight to and from the Atlantic Coast, the Pacific Coast, the Southeast, the Southwest, Canada, and Mexico. Union Pacific Railroad commodity revenue totaled $13.0 billion in 2005 and is comprised of six commodity groups: Agricultural, Automotive, Chemicals, Energy, Industrial Products, and Intermodal (Kenefick, 1985).
This case study will analyze Union Pacific Railroad and what it has accomplished over the last 150 years. This paper will contain a chronological history of Union Pacific Railroad and the achievements it has made as being part of the first transcontinental railroad. Next, an analysis of Union Pacific’s financial data includes examining their net revenue, stock, and how they compare with their competitors History
The Union Pacific Railroad has been business for over 150 years. Union Pacific Railroad was established through the purchase of former railroads which were the Southern Pacific, Missouri Pacific, Chicago and North Western Railroads. The railroad was first established in 1848 when the first ten miles of Galena and Chicago Union Railroad were completed, a direct predecessor of the Chicago & north Western (Union Pacific, 2006). The main turning point for the railroad system was put into place in 1862 when the sixteenth President of the United States, Abraham Lincoln, Signed the Pacific Railroad Act. This Act allowed Union Pacific and the Central Pacific to build the first transcontinental railroad. Central Pacific Railroad started building from Sacramento, California. Union Pacific started in...