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Union Pacific Railroad
The Union Pacific Railroad Company (reporting marks UP, UPP, UPY) is a Class I freight-hauling railroad that operates 8,300 locomotives over 32,200 miles (51,800 km) routes in 23 U.S. states west of Chicago and New Orleans. Union Pacific is the second largest railroad in the United States after BNSF, with which it shares a duopoly on transcontinental freight rail lines in the Western, Midwestern and West South Central United States.
Founded in 1862, the original Union Pacific Rail Road was part of the first transcontinental railroad project, later known as the Overland Route. Over the next century, UP absorbed the Missouri Pacific Railroad, the Western Pacific Railroad, the Missouri–Kansas–Texas Railroad and the Chicago, Rock Island and Pacific Railroad. In 1995, the Union Pacific merged with Chicago and North Western Transportation Company, completing its reach into the Upper Midwest. In 1996, the company merged with Southern Pacific Transportation Company, itself a giant system that was absorbed by the Denver and Rio Grande Western Railroad.
The Union Pacific Railroad Company is the principal operating company of Union Pacific Corporation, which are both headquartered at the Union Pacific Center, in Omaha, Nebraska.
Union Pacific has announced plans to acquire the Norfolk Southern Railway in a deal worth $85 billion. If approved by regulators, it would create the first transcontinental railroad network in the United States.
The original company, the "Union Pacific Rail Road", was incorporated on July 1, 1862, under the Pacific Railroad Act of 1862. President Abraham Lincoln had approved the act, which authorized railroad construction from the Missouri River to the Pacific to ensure the stability of the Union throughout the American Civil War, but construction was not completed until after the conflict's conclusion.
Under the original bill that formed the basis of the 1862 Pacific Railroad Act, the Union Pacific Railroad was to be built from the Nevada–Utah border in the west to the Colorado–Kansas border in the east. However, due to intense lobbying by Dr. Thomas Clark Durant, the eastern terminal was moved to a location where the Union Pacific could link up with the Mississippi and Missouri Railroad in Iowa. Following the Act's passage, commissioners appointed by Congress began selling stock in the federally chartered Union Pacific Railroad Company. By 1863, Durant had organized the purchase of 2,000 shares, the prerequisite amount of stock sold in order to begin the railroad's construction.
The resulting track ran westward from Council Bluffs, Iowa, to meet in Utah the Central Pacific Railroad line, which had been constructed eastward from Sacramento, California. The combined Union Pacific–Central Pacific line became known as the first transcontinental railroad and later the Overland Route.
The line was constructed primarily by Irish labor who had learned their craft during the recent Civil War. Under the guidance of its dominant stockholder, Thomas C. Durant, the namesake of the city of Durant, Iowa, the first rails were laid in Omaha. The two lines were joined at Promontory Summit, Utah, 53 miles (85 km) west of Ogden on May 10, 1869, creating the first transcontinental railroad in North America. Leland Stanford, founder of the Central Pacific Railroad which itself eventually was merged with Union Pacific, himself drove the golden spike, inscribed with the words "to span the continent and wed the oceans."
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Union Pacific Railroad
The Union Pacific Railroad Company (reporting marks UP, UPP, UPY) is a Class I freight-hauling railroad that operates 8,300 locomotives over 32,200 miles (51,800 km) routes in 23 U.S. states west of Chicago and New Orleans. Union Pacific is the second largest railroad in the United States after BNSF, with which it shares a duopoly on transcontinental freight rail lines in the Western, Midwestern and West South Central United States.
Founded in 1862, the original Union Pacific Rail Road was part of the first transcontinental railroad project, later known as the Overland Route. Over the next century, UP absorbed the Missouri Pacific Railroad, the Western Pacific Railroad, the Missouri–Kansas–Texas Railroad and the Chicago, Rock Island and Pacific Railroad. In 1995, the Union Pacific merged with Chicago and North Western Transportation Company, completing its reach into the Upper Midwest. In 1996, the company merged with Southern Pacific Transportation Company, itself a giant system that was absorbed by the Denver and Rio Grande Western Railroad.
The Union Pacific Railroad Company is the principal operating company of Union Pacific Corporation, which are both headquartered at the Union Pacific Center, in Omaha, Nebraska.
Union Pacific has announced plans to acquire the Norfolk Southern Railway in a deal worth $85 billion. If approved by regulators, it would create the first transcontinental railroad network in the United States.
The original company, the "Union Pacific Rail Road", was incorporated on July 1, 1862, under the Pacific Railroad Act of 1862. President Abraham Lincoln had approved the act, which authorized railroad construction from the Missouri River to the Pacific to ensure the stability of the Union throughout the American Civil War, but construction was not completed until after the conflict's conclusion.
Under the original bill that formed the basis of the 1862 Pacific Railroad Act, the Union Pacific Railroad was to be built from the Nevada–Utah border in the west to the Colorado–Kansas border in the east. However, due to intense lobbying by Dr. Thomas Clark Durant, the eastern terminal was moved to a location where the Union Pacific could link up with the Mississippi and Missouri Railroad in Iowa. Following the Act's passage, commissioners appointed by Congress began selling stock in the federally chartered Union Pacific Railroad Company. By 1863, Durant had organized the purchase of 2,000 shares, the prerequisite amount of stock sold in order to begin the railroad's construction.
The resulting track ran westward from Council Bluffs, Iowa, to meet in Utah the Central Pacific Railroad line, which had been constructed eastward from Sacramento, California. The combined Union Pacific–Central Pacific line became known as the first transcontinental railroad and later the Overland Route.
The line was constructed primarily by Irish labor who had learned their craft during the recent Civil War. Under the guidance of its dominant stockholder, Thomas C. Durant, the namesake of the city of Durant, Iowa, the first rails were laid in Omaha. The two lines were joined at Promontory Summit, Utah, 53 miles (85 km) west of Ogden on May 10, 1869, creating the first transcontinental railroad in North America. Leland Stanford, founder of the Central Pacific Railroad which itself eventually was merged with Union Pacific, himself drove the golden spike, inscribed with the words "to span the continent and wed the oceans."