Union Pacific Corporation (NYSE:UNP) J.P. Morgan 2024 Industrials Conference Call March 13, 2024 8:00 AM ET Company Participants Jim Vena - Chief Executive Officer Jennifer Hamann - Chief Financial Officer Conference Call Participants Brian Ossenbeck - JPMorgan Brian Ossenbeck Alright. Good morning. Thanks for coming back for the second day of the Industrials Conference. Kicking off the transportation track here with Union Pacific, I am Brian Ossenbeck, I cover the rails and logistics for JPMorgan. Very exc ...

Union Pacific’s (UNP) efforts to reward shareholders during challenging times and cost control measures have positively impacted the bottom line. However, weak freight revenues and volumes are concerning, along with a high debt load.Factors Favoring UNPUnion Pacific's robust 2023 financial performance, featuring strong cash generation of $8.38 billion from operations and $1.54 billion in free cash flow, supports shareholder-friendly activities. UNP returned $3.9 billion to shareholders through dividends and ...

OMAHA, Neb., Feb. 21, 2024 /PRNewswire/ -- Union Pacific plans to invest $3.4 billion in 2024 to support safe operations, renew assets and grow with customers. That's the equivalent of spending more than $9 million every day to make the railroad safer and generate economic and supply chain activity across its 23-state footprint, boosting local, regional and the national economy.An estimated 56% of the capital plan, or $1.9 billion will go toward upgrading and replacing infrastructure, such as rail, ties, an ...

业绩总结 - Union Pacific在第一季度看到了运营比率的顺序改善[43] - CFO Jennifer Hamann指出，一月份的货运量下降了约6%，但二月份的复苏迹象明显，公司仍在满足客户需求[25] - 公司对今年的交通量前景持谨慎态度，提到了集装箱合同和煤炭方面的阻力[45] - 公司在汽车领域取得了一些业务胜利，对汽车体积持乐观态度[50] 用户数据 - 公司计划在今年应对通货膨胀预期为5%的成本上，通过提高生产率和效率来抵消[60] 未来展望 - 公司对未来的资本优先事项包括回购股份和增加股息[73] - 公司强调了通过提供稳定的客户服务产品来吸引新客户和转化卡车运输业务的重要性[53] 新产品和新技术研发 - 公司强调了运营收入的重要性，并计划继续投资于铁路[74]

OMAHA, Neb., Feb. 8, 2024 /PRNewswire/ -- Union Pacific Railroad has appointed Andrew Brady to vice president-External Relations, following Printz Bolin's retirement at the end of February. Based in Union Pacific's Washington, D.C., office, Brady is responsible for communicating inside the Beltway about national and state-specific industry issues and projects, including economic and safety regulation, passenger rail, security and labor. He previously served as Union Pacific's assistant vice president-Extern ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to ____________ Commission File Number 1-6075 UNION PACIFIC CORPORATION (Exact name of registrant as specified in its charter) Utah 13-2626465 (State or ...

联合太平洋铁路公司荣登《财富》最受钦佩公司榜单 - 联合太平洋铁路公司连续第18次入选《财富》杂志世界最受钦佩公司榜单[1] - 《财富》杂志的年度最受钦佩公司榜单将于2月20日在新闻摊上发行[3] 联合太平洋铁路公司在卡车、运输和物流领域表现优异 - 联合太平洋铁路公司在卡车、运输和物流类别中连续第二年排名最高，是最受钦佩的铁路公司[1] - 联合太平洋铁路公司通过安全、可靠和高效的服务为家庭和企业提供日常所需的货物，连接23个西部州的客户和社区与全球经济[4] 联合太平洋铁路公司获得高度认可 - 联合太平洋铁路公司首席执行官Jim Vena表示，公司致力于为客户提供安全、可靠和环保的服务，连接企业和社区，展示团队合作的成果[2] - 《财富》杂志和研究合作伙伴Korn Ferry每年对高管、董事和分析师进行调查，根据九项标准评选出各领域的优秀公司。在卡车、运输和物流类别中，联合太平洋铁路公司在九项标准中的四项中排名第一，包括资产利用、社会责任、财务稳健和长期投资价值[2] 联合太平洋铁路公司的企业声誉和社会责任 - 联合太平洋铁路公司长期存在是其在全国范围内良好的企业声誉和负责任的企业公民记录的证明[3]

Union Pacific Corporation’s (UNP) fourth-quarter 2023 earnings of $2.71 per share beat the Zacks Consensus Estimate of $2.56. The bottom line improved 1.5% on a year-over-year basis.Operating revenues of $6,159 million also beat the Zacks Consensus Estimate of $6,108.7 million. The top line was flat on a year-over-year basis on the back of increased volume and core pricing gains offset by reduced fuel surcharge revenue and business mix.Freight revenues, accounting for 94.2% of the top line, increased 1% to ...

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财务数据和关键指标变化 - 2023年第四季度净收入为17亿美元,每股收益为2.71美元,同比分别增长1% [5][18] - 2023年全年收入为241亿美元,下降3%,主要受到燃料附加费下降、业务结构变化和销量下降的影响,部分被核心定价增长抵消 [19][20] - 2023年全年营业利润为91亿美元,营业利润率为62.3%,同比下降220个基点 [20] - 2023年全年每股收益为10.45美元,下降7% [20] - 2023年全年投入资本回报率为15.5%,下降180个基点 [20] 各条业务线数据和关键指标变化 - 散装货运收入持平,销量增长3%但平均收费下降2% [26] - 工业品收入增长4%,销量增长3% [28] - 高价值货运收入下降3%,销量增长4%但平均收费下降7% [30][31] 各个市场数据和关键指标变化 - 煤炭运输持续受到天气温和和天然气价格低廉的影响 [33] - 化肥运输需求强劲,受益于氮肥价格下降 [26] - 汽车运输受到UAW罢工的负面影响,但被经销商补充库存和新业务发展所抵消 [30][31] - 国际集装箱运输受到合同损失的负面影响 [36] 公司战略和发展方向及行业竞争 - 公司正在执行多年战略,专注于安全、服务和运营卓越 [4][8] - 公司正在通过提高效率、生产力和服务质量来提升竞争力 [7][57] - 公司正在进行技术升级和基础设施投资,以提高生产率和服务水平 [48][49] - 公司正在关注业务发展,特别是在生物燃料、石油化工等高增长领域 [34][39] 管理层对经营环境和未来前景的评论 - 2024年经济环境仍然不确定,尤其是上半年 [32][38] - 公司将继续专注于提高安全、服务和运营效率,以应对经济环境的不确定性 [57][61][62] - 公司有信心通过提高生产率和定价来抵消通胀压力,但不确定是否能够扩大利润率 [56][57] 问答环节重要的提问和回答 问题1 **Chris Wetherbee 提问** 2024年销量是否能够增长 [67] **Jennifer Hamann 回答** 公司目前不会给出具体的销量预测,因为经济环境存在很大不确定性 [69][70] 问题2 **Ken Hoexter 提问** 即使销量持平,公司是否仍有可能实现利润率改善 [155] **Jennifer Hamann 回答** 公司将通过提高价格和生产率来应对,但不会给出具体的利润率指引 [162][163] 问题3 **Jim Vena 回答** 公司的目标是成为行业最高效的铁路公司,无论销量如何,都将通过提高安全、服务和运营效率来实现这一目标 [176][177]