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联合太平洋Union Pacific Corporation(UNP)2025年10-K年度报告「NYSE」(英文版)(31页).pdf

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1、Table of ContentsUNITED STATESSECURITIES AND EXCHANGE COMMISSIONWASHINGTON,D.C.20549FORM 10-K(Mark One)ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year ended December 31,2025ORTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXC

2、HANGE ACT OF 1934For the transition period from _ to _Commission File Number 1-6075UNION PACIFIC CORPORATION(Exact name of registrant as specified in its charter)Utah13-2626465(State or other jurisdiction of incorporation or organization)(I.R.S.Employer Identification No.)1400 Douglas Street,Omaha,N

3、ebraska68179(Address of principal executive offices)(Zip Code)Registrants telephone number,including area code:(402)544-5000Securities registered pursuant to Section 12(b)of the Act:Title of each ClassTrading SymbolName of each exchange on which registeredCommon Stock(Par Value$2.50 per share)UNPNew

4、 York Stock ExchangeIndicate by check mark if the registrant is a well-known seasoned issuer,as defined in Rule 405 of the Securities Act.Yes NoIndicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d)of the Act.Yes NoIndicate by check mark whet

5、her the registrant(1)has filed all reports required to be filed by Section 13 or 15(d)of the Securities ExchangeAct of 1934 during the preceding 12 months(or for such shorter period that the registrant was required to file such reports),and(2)has beensubject to such filing requirements for the past

6、90 days.Yes NoIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T(232.405 of this chapter)during the preceding 12 months(or for such shorter period that the registrant wasrequired to sub

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1. **公司概况**:Union Pacific Corporation(联合太平洋公司)是美国最大铁路运营商之一,运营覆盖美国23个州,2025年货运收入232亿美元,员工平均2.93万人。 2. **战略与业绩**:聚焦“安全、服务、运营卓越”驱动增长,2025年EPS增长8%,运营比率59.8%(改善10个基点),货运量增长1%(煤炭、化工、粮食等支撑)。 3. **安全与服务**:2025年人身伤害率0.68(降24%)、脱轨率1.75(降19%),创历史最佳;货运车周转率提升8%,服务性能指数(SPI)达99%-100%。 4. **投资与风险**:资本支出35亿美元用于基础设施和现代化;面临网络安全、极端天气、供应链中断及劳资谈判等风险。 5. **收购计划**:正推进收购Norfolk Southern,拟打造美国首个横贯大陆铁路。
安全成绩如何? 运营比率多少? 战略目标是什么?
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