Union Pacific Corporation (UNP) 2001年年度报告「NYSE」.pdf

1、UNION PACIFIC 2001 ANNUAL REPORT2Letter from the Chairman6Union Pacific Railroad18Overnite Transportation20Financial Highlights22Ten-Year Financial Summary24Directors and OfficersFollowed by annual report on Form 10-K and corporate information on the inside back coverCover photo location:Emigrant Ga

2、p,CaliforniaDowIndustrials7%2001 Stock PricePerformance vs.MarketIndices at Year EndS&P 50013%NASDAQ21%UNP+12%Union Pacific demonstrated numerousservice advances and continued finan-cial growth in 2001,in spite of theunsettled economy.The linchpins ofour successes:Focusing on whatmost satisfies our

3、customers Addingvalue while reducing costs Balancinginnovation with reliable execution.At the Railroad,the diversity of ourbusiness lines and our unparalleledfranchise formed the foundation for ouraccomplishments.At Overnite,it wasspeed of delivery and guaranteed reli-ability.New services were intro

4、ducedregularly to attract new customerswhile alliances extended the range ofthose services.In all,2001 was a year when smart solutions devised bydedicated employees helped us cementour role as a vital link in Americastransportation network.RELIABLECONSISTENT SERVICE ISFELLOW SHAREHOLDERS,Our perform

5、ance in 2001 demonstrated the strength of our franchise,the sound-ness of our strategy and the value of our service.In a difficult economic environ-ment,our business remained stable,achieving solid financial results.A few keyhighlights:Net income was a record$966 million.Diluted earnings per share i

6、ncreased 4%to$3.77,excluding the impact of thework force reduction charge in 2000,and gained momentum in the last half ofthe year,with earnings per share up 11%over second half 2000.Total revenue rose 1%to a record$12 billion,with increases at both the Railroadand Overnite.Despite the downturn in th