Union Pacific: number of employees 2023| ��ƽ��

Number of Union Pacific's employees from FY 2013 to FY 2023

Characteristic	Number of employees
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Release date

February 2022

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Region

United States

Survey time period

FY 2013 to FY 2022

Special properties

fiscal year ends December 31.

Supplementary notes

Figures prior to 2021 were taken from previous annual reports.

Citation formats

Over the last five years Union Pacific’s workforce has steadily declined, dropping from * employees in 2016 to * in 2022.

U.S. freight rail operators

Union Pacific is one of the U.S. class I freight rail operators, being the group of the largest freight rail operators in the U.S. all with annual operating revenues of more than *** million U.S. dollars (in 1991 dollars). In terms of operating revenue, Union Pacific is the second largest of the class I operators, slightly behind BNSF. Based on market value though, Union Pacific is the largest railway company in the world.

Union Pacific’s revenue

The declining employee count of Union Pacific appears to be due to a combination of an average decline in revenue and the implementation of efficiency measures. Their freight revenue fluctuates since 2014, but increased from **** billion U.S. dollars in 2018 to **** billion U.S. dollars in 2023. Concurrently, their revenue tone-miles followed a declining trend between 2014 and 2016, and started to improve slightly since 2017 until the COVID-19 pandemic. Nonetheless, over this time, Union Pacific’s operating ratio has been improving, indicating the introduction of cost-saving measures.