500 Job Source
Railroad company serving 23 western states.
1400 Douglas Street
Omaha, NE 68179
CEO: James Young
Stock Symbol: UNP
Union Pacific Corporation is one of America's
leading transportation companies. Its principal operating company,
Union Pacific Railroad, is the largest railroad in North America,
covering two-thirds of the United States.
The railroad serves 23 states, linking
every major West Coast and Gulf Coast port and provides service
to the east through its four major gateways in Chicago, St. Louis,
Memphis and New Orleans. Additionally, Union Pacific operates
key north/south corridors and is the only railroad to serve all
six gateways to Mexico. UP also interchanges traffic with the
Canadian rail systems.
Union Pacific has 8,400 locomotives and 104,700 freight cars traveling on a system of 32,094 route miles.
Union Pacific's diversified business mix includes Agricultural Products, Automotive, Chemicals, Energy, Industrial Products and Intermodal. The railroad emphasizes excellent customer service and offers competitive routes from all major West Coast and Gulf Coast ports to eastern gateways.
Union Pacific's largest single customer
is APL Limited, a steamship company that operates in the Pacific.
Second is General Motors, followed by an assortment of chemical
companies and utilities.
The railroad is the nation's largest hauler
of chemicals, much of which originates along the Gulf Coast near
Houston, Texas. Union Pacific is also one of the largest intermodal
carriers that is the transport of truck trailers and containers.
Although the company focuses on freight,
it also operates commuter train service in Chicago.
In 2009, Union Pacific had revenues of $14.1 billion, down from $17.9 billion, and net income of $1.89 billion. The company's annual payroll is $3.8 billion.
85% of the company's employees are represented by 14 rail unions.
In the 1800s, a railroad was considered
the key to westward expansion and the future of the country.
A transcontinental route would greatly reduce the time it took
to cross the continent, develop the nation's vast interior, encourage
settlement, promote trade and fuel industry. Congress determined
that a railroad linking the Atlantic and Pacific Oceans was also
essential to national defense. The route east from California,
though an awesome engineering prospect, had already been surveyed
by Theodore Judah, of the Central Pacific. But by what route
west? It was, for the moment, up to Congress to decide.
Southerners in Congress wanted a southern
route, while northerners wanted a northern one. With the onset
of the Civil War, the South seceeded, leaving the North to do
as it pleased. Thus, a northern route (but still the most southernly
one possible within the free states), following the Platte River
Valley was chosen.
The Pacific Railroad Act of 1862 made construction
of the transcontinental railroad possible. It designated tasks
for two companies: the Central Pacific Railroad of California
(CP) was to build eastward from Sacramento, and a new company
called the Union Pacific (UP) was to build westward up the Platte
River Valley from Omaha, NE.
- Health Care
- Dental Care
- Flexible Spending Accounts
- Life and Accident Insurance
- Long Term Disability
Union Pacific Pension Plan
This pension is available only to our non-union employees. Funds are deposited into a trust where they are held solely for the benefit of the employee and his or her beneficiaries. The Pension is fully paid by the company, and your benefits start to accrue on the day you are hired. You will be vested after five years. The amount of your annual benefit will be based on your years of service, your final average earnings and your age at retirement. You can use an online tool to keep track of and make plans based on your Pension.
The Railroad Retirement Board administers retirement/survivor and unemployment/sickness insurance benefits for railroad workers and their families. This is a governmental system that requires payroll tax deductions, with contributions from both the company and the employee. You will be vested after five years. It works much like Social Security. Non-union participants receive Railroad Retirement benefits in addition to the Union Pacific Pension Plan.
401(k) Thrift Plan
The 401(k) is a flexible and convenient way to save for your retirement. It offers a variety of investment options, with up to 16 funds to choose from. For non-union employees, the company will match your 401(k) contributions – 50 cents for every dollar invested, up to 6 percent of your salary. Union employees must wait a year before using this plan, and are not eligible for company matching.
The Educational Assistance Program is offered by the company
to encourage growth and development of employee skills, abilities
and knowledge. It assists employees in obtaining academic training
on a vocational and college level. Employees are reimbursed for
85% of tuition up to a maximum of $3,500 per year. There is no
reimbursement for required books or fees. Courses reimbursable
for college credit must be completed at an accredited school.
Will assist you in identifying providers of service for childcare
and elderly care needs, educational and family services.
Health information service you can call 24 hours a day to receive
information, education, and support for any health-related concern
at no cost to the employee.
Designed to help pay for certain expenses incurred, up to maximum
of $3,000 per adoption, when an employee adopts a child.
Union Pacific will match the contributions of its employees to
certain educational, cultural, and medical institutions. Contributions
to educational institutions are matched on a 2-for-1 basis, and
to cultural and medical institutions on a 1-for-1 basis.
A confidential program designed to assist employees and their
family members with personal situations and problems.
Short-Term Disability Plan
Designed to provide you with a source of income if you become
temporarily sick or disabled. Your length of service determines
the duration and the amount of your STD benefits.
After the first full year of employment, employees are eligible
for 2 to 5 weeks of vacation, based on years of service.
Up to 11 days per year.
Transportation Spending Account
The Transportation Spending Account (TSA) Program is an easy-to-use
fringe benefit that helps to reduce the burden of parking and
commuter expenses. TSAs provide before-tax benefits for parking
and commuter expenses incurred as a result of commuting
between work and an employee's residence. Parking and commuter expenses
not associated with work may not be reimbursed through the TSA
Long Term Care
The LTC program provides benefits for preventative, therapeutic,
rehabilitative, maintenance, or personal care services provided
in a setting other than an acute care hospital. Benefits include
skilled, intermediate, and custodial care (nursing home, home
health care, adult day care centers, adult foster care, or assisted
living), homemaker services, and respite care. Those eligible
to participate in this coverage include active employees, their
spouses, parents and parents-in-law, and grandparents and grandparents-in-law,
as well as retirees and their spouses.
Updated February 5, 2010