联合太平洋Union Pacific Corporation (UNP) 2007年年度报告「NYSE」.pdf

1、 UNION PACIFIC CORPORATION 2007 ANNUAL REPORT Fellow Shareholders:By nearly every measure,2007 was one of the best years in our Companys history.We achieved this success by fulfilling our commitments to customers,communities,employees and our shareholders.?We operated a safer railroad for our custom

2、ers,employees and communities.?We overcame the challenges of a weaker economy and record-high diesel fuel prices to set numerous financial records.?We increased our value to customers through improved service.Customers recognized these efforts,rewarding us with their highest satisfaction survey mark

3、s since our merger with the Southern Pacific.?We contributed to the communities where we operate by offering good jobs and supporting economic development and community organizations.The progress we made in these areas enabled us to deliver strong shareholder returns.During 2007,Union Pacifics stock

4、 price appreciated nearly 37 percent,dividends increased 47 percent,and shareholders received$1.5 billion through share repurchases.We expect 2008 will be another record year.Although we will be challenged by economic softness and volatile diesel fuel prices,we expect to offset these issues as the l

5、ong-term initiatives we began a few years ago continue to pay off.Americas transportation infrastructure needs capacity investment.Union Pacific has pledged to do its part by investing for growth as we improve our financial returns.The“proof statement”can be seen in our actions.We invested a record$

6、3.1 billion during 2007,as we earned record profits and improved our return on invested capital.Our plans for 2008 are similar-generate record profits,increase returns and invest an additional$3.1 billion for safety,service,growth and efficiency.Union Pacific plays a critical role in our nations pur