Union Pacific Corporation

Afternoon Session - 2024 Meeting

“I started buying three railroad stocks in the Union Pacific, BNSF, and, uh, Norfolk, Western”

Afternoon Session - 2024 Meeting

“it wouldn't have been the end of the world if at all, if we bought the Union of Pacific and Jim Young had stayed alive”

Buffett: More banks may fail but U.S. depositors will be OK | April 12, 2023

“And we've got got Katie Farmer running the largest railroad. The United States and no woman was ever thought”

Morning Session - 2022 Meeting

“UP's operating ratio has been about 400 basis points better than BNSFs. And Progressive has grown faster while maintaining a lower combined ratio”

Buffett admits selling some Apple shares was "probably a mistake"

“the Union Pacific is selling for about $150 billion in the market. We own one that's a little larger than the Union Pacific”

Part 2 - 2021 Meeting

“It affects both the Union Pacific and the BNSF to a small degree, relatively small degree.”

Part 2 - 2021 Meeting

“it implies a price for being. NSF that's even higher than what the UP is selling for. But... They're not going to buy us. They're not going to buy the UP”

Part 1 - 2021 Meeting

“why do these companies operate at meaningfully lower profit margins than their main competitors, Progressive and Union Pacific?”

Part 1 - 2021 Meeting

“the Union Pacific and BNSF are going to do well in the future”

Part 1 - 2021 Meeting

“Union Pacific is selling for about $150 billion in the market, and we own one that's a little larger than the Union Pacific”

Afternoon Session - 2019 Meeting

“Union Pacific, which is BNSS's largest direct competitor, came up with... Union Pacific's ratio fell only 120 basis points to 62.7”

Afternoon Session - 2019 Meeting

“we pay a lot of attention to what's going on at the Union Pacific, as we should... they have been operating at more efficiently... than we have”

Morning Session - 2019 Meeting

“The Union Pacific is doing a somewhat modified version”

Setting the stage for CEO succession | January 10, 2018

“if you had bought the Union Pacific Railroad yourself, like we bought the BNSF. And if you bought it a year or two ago”

Charles Munger Interview: The Power of Partnership with Warren Buffett

“the union pacific is headquartered in omaha”

Buffett on Trump vs. Clinton, Brexit, and Amazon's Bezos | May 2, 2016

“if you take the Union Pacific, one of our competitors, theirs is down 4,000 people. Because of efficiencies or because of the lower rail car loads?”

Fifty years of Buffett's Berkshire | March 2, 2015

“Union Pacific did a better job, put more money of it. Is this the type of thing when you're the manager in a very decentralized business”

Afternoon Session - 2014 Meeting

“Warren, Burlington Northern's main competitor in the West, Union Pacific, generates around 10% of its revenue from freight moving to and from Mexico.”

Morning Session - 2014 Meeting

“the UP seems to be operating more smoothly for its customers. Could you shed some light on the service challenges Burlington”

"People react too much to short-term things" | March 3, 2014

“the Union Pacific, which is our direct competitor, has been, has done very well.”

2014 Berkshire Hathaway Shareholder Letter

“Union Pacific, our principal competitor... But our service problems exceeded Union Pacific's last year, and we lost market share as a result.”

Morning Session - 2013 Meeting

“Matt Rose is right up front here, and if somebody give him a microphone, I think he can probably tell you a lot more about moving coal and oil than I can.”

"No question" the global economy is slowing | October 24, 2012

“And the UP just reported, and they're seeing small gains in things other than, they're seeing it in lumber. They're seeing it in cars.”