Union Pacific Railroad is one of the leading railroad companies in terms of freight transportation in North America, operating in 23 states in the western part of the United States, connecting also with Canada’s rail system and Mexico’s six major gateways. Founded on July 1, 1862 under the Pacific Railroad Act of 1862, the company has become one of the largest transportation companies in the world.
In 2016, Union Pacific employed close to 43,000 people, and operated just under 66,000 freight cars and 8,500 locomotives with an average age varying from 8.4 to 37.5 years. The company hauled more than 8.4 million carloads of freight on over 440 billion revenue miles.
In contrast to the freight transportation by air, road or water, the United States’ freight railroad companies operate using almost solely their own infrastructure that they maintain and pay for from their own funds: in 2015, the freight railroad industry spent more than 30 billion U.S. dollars on infrastructure and equipment maintenance. In the last decade, Union Pacific invested some 33 billion U.S. dollars in its rail network and operations.
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