Latest Union Pacific Corp News

Union Pacific CEO sees strong economy coming out of pandemic

Sep. 17, 2021 10:33 AM EDT

OMAHA, Neb. (AP) — As Union Pacific’s CEO, Lance Fritz has had to find ways to keep the freight moving during the coronavirus pandemic as the economy nearly ground to a halt and then roared back to life. Now he is working to help clear up a major backlog in imported shipments. ...

Canadian Pacific's acquisition of KCS railroad back on track

Sep. 15, 2021 16:35 PM EDT

OMAHA, Neb. (AP) — After initially getting derailed this spring, Canadian Pacific's $31 billion acquisition of Kansas City Southern is back on track after Canadian National dropped out of the bidding war Wednesday. The deal could still face tough scrutiny from...

Kansas City Southern picks Canadian Pacific bid for railroad

Sep. 12, 2021 15:03 PM EDT

KANSAS CITY, Mo. (AP) — Kansas City Southern has decided that a $31 billion bid from Canadian Pacific is the best of two offers on the table to buy the railroad. The Kansas City, Missouri, company said in a statement Sunday that it has notified rival bidder Canadian...

Kansas City Southern in talks on Canadian Pacific's $31B bid

Sep. 07, 2021 17:37 PM EDT

OMAHA, Neb. (AP) — Kansas City Southern is in talks with Canadian Pacific to determine whether its $31 billion bid for the railroad is the best offer on the table after regulators rejected a key part of Canadian National's $33.6 billion bid last week. Kansas City...

Kansas City Southern suitor's bid in jeopardy after ruling

Sep. 02, 2021 10:50 AM EDT

OMAHA, Neb. (AP) — Canadian National’s $33.6 billion deal to acquire Kansas City Southern railroad is in jeopardy after federal regulators on Tuesday rejected a key part of the plan and opened the door for a competing $31 billion offer from Canadian Pacific Railway. ...

Kansas City Southern takeover vote delayed after bid gutted

Sep. 01, 2021 11:40 AM EDT

OMAHA, Neb. (AP) — A planned shareholder vote on Canadian National's $33.6 billion offer has been delayed after regulators rejected a key part of the plan, so now Kansas City Southern railroad can consider all of its options, including a competing $31 billion offer from Canadian Pacific...

Union Pacific Q2 profit jumps 59% as volume grows 22%

Jul. 22, 2021 13:45 PM EDT

OMAHA, Neb. (AP) — Union Pacific's second-quarter profit jumped 59% as the railroad hauled 22% more cargo than a year ago when shipments fell to the lowest levels of the coronavirus pandemic. The Omaha, Nebraska-based railroad said Thursday that it earned $1.8 billion,...