UNP » Topics » Item 2. Properties

This excerpt taken from the UNP 10-Q filed Apr 24, 2009.

10. Properties

The following table lists the major categories of property and equipment, as well as the average composite depreciation rate for each category:

 

Millions of Dollars, Except Percentages     
 
Mar. 31,
2009
    
 
Dec. 31,
2008
   Depreciation
Rate for 2009

Land

   $    4,861     $    4,861     N/A 

Road

        

Rail and other track material

     11,524       11,366     3.6%

Ties

     6,944       6,827     2.7%

Ballast

     3,689       3,635     2.9%

Other [a]

     12,658       12,520     2.4%

Total Road

     34,815       34,348     2.9%

Equipment

        

Locomotives

     5,149       5,157     4.7%

Freight cars

     1,963       1,985     4.2%

Work equipment and other

     159       158     3.6%

Total Equipment

     7,271       7,300     4.5%

Technology and other

     484       468     12.4%

Construction in progress

     899       938     N/A 

Total properties

   $  48,330     $  47,915     N/A 

Accumulated depreciation

     (12,474)      (12,214)    N/A 

Net properties

   $  35,856     $  35,701     N/A 

 

[a]

Other includes grading, bridges and tunnels, signals, buildings, and other road assets.

This excerpt taken from the UNP 10-Q filed Apr 24, 2008.

9.    Properties

The following table lists the major categories of property and equipment, as well as the average composite depreciation rate for each category:

 

Millions of Dollars,

Except Percentages

   Mar. 31,

2008

 

 

  Dec. 31,

2007

 

 

  Depreciation
Rate for 2008
 
 

Land

   $   4,625     $   4,627     N/A  

Road [a]

   33,589     33,034     3.1 %

Equipment [b]

   7,263     7,308     4.4 %

Computer hardware and software

   529     510     14.3 %

Other

   173     175     N/A  

Total properties

   46,179     45,654     N/A  

Accumulated depreciation

   (11,740 )   (11,496 )   N/A  

Net properties

   $ 34,439     $ 34,158     N/A  

 

[a]

Road property consists of track and other roadway structure such as bridges and signals.

[b]

Equipment property includes locomotives, freight cars, and work equipment.

This excerpt taken from the UNP 10-K filed Feb 23, 2007.

Item 2. Properties

 

With operations in 23 states, we employ a variety of assets in the management and operation of our rail business. These assets include real estate, track and track structure, equipment, and facilities. We own and lease real estate that we use in our operations, and we also own real estate that is not required for our business, which we sell from time to time. Our equipment includes owned and leased locomotives and rail cars; heavy maintenance equipment and machinery; other equipment and tools in our shops, offices and facilities; and vehicles for maintenance, transportation of crews, and other activities. We operate numerous facilities, including terminals for intermodal and other freight; rail yards for train-building, switching, storage-in-transit (the temporary storage of customer goods in rail cars prior to shipment) and other activities; offices to administer and manage our operations; dispatch centers to direct traffic on our rail network; crew quarters to house train crews along our network; and shops and other facilities for fueling, maintenance, and repair of locomotives and repair and maintenance of rail cars and other equipment. We spent approximately $2.2 billion in cash capital during 2006 for, among other things, building and maintaining track, structures and infrastructure; upgrading and augmenting equipment; and implementing new technologies (see the capital investments table in Management’s Discussion and Analysis of Financial Condition and Results of Operations – Liquidity and Capital Resources – Financial Condition, Item 7).

 

Certain of our properties are subject to federal, state, and local laws and regulations governing the protection of the environment (see discussion of environmental issues in Business – Governmental and Environmental Regulation, Item 1, and Management’s Discussion and Analysis of Financial Condition and Results of Operations – Critical Accounting Policies – Environmental, Item 7).

 

Track – The Railroad operates on 32,339 main line and branch line route miles in 23 states in the western two-thirds of the United States. We own 26,466 route miles, with the remainder of route miles operated pursuant to trackage rights or leases. Route miles as of December 31, 2006 and 2005, were as follows:

 

     
     2006    2005

Main line

   27,318    27,301

Branch line

   5,021    5,125

Yards, sidings and other lines

   19,257    20,241

Total

   51,596    52,667

 

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Table of Contents

Rail and ties installed and replaced during the years ended December 31, 2006 and 2005 were as follows:

 

     
     2006    2005

Track miles of rail:

         

New

   632    661

Used

   361    312

Ties (000)

   4,669    4,690

 

Equipment – Our primary rail equipment consisted of the following as of December 31, 2006 and 2005:

 

     
     2006    2005

Owned or leased at year-end:

         

Locomotives

   8,475    8,226

Freight cars:

         

Covered hoppers

   38,785    38,553

Boxcars

   24,342    26,770

Open-top hoppers

   19,012    19,950

Gondolas

   14,884    15,037

Other

   7,702    6,433

Work equipment and other

   5,263    5,041

 

This excerpt taken from the UNP 10-K filed Feb 24, 2006.

Item 2. Properties

 

With operations in 23 states, we employ a variety of assets in the management and operation of our rail business. These assets include real estate, track and track structure, equipment, and facilities. We own and lease real estate that we use in our operations, and we also own real estate that is not required for our business, which we sell from time to time. Our equipment includes owned and leased locomotives and rail cars; heavy maintenance equipment and machinery; other equipment and tools in our shops, offices and facilities; and vehicles for maintenance, transportation of crews, and other activities. We operate numerous facilities, including terminals for intermodal and other freight; rail yards for train-building, switching, storage-in-transit (the temporary storage of customer goods in rail cars prior to shipment) and other activities; offices to administer and manage our operations; dispatch centers to direct traffic on our rail network; crew quarters to house train crews along our network; and shops and other facilities for fueling, maintenance, and repair of locomotives and repair and maintenance of rail cars and other equipment. We spent approximately $2.2 billion in cash capital during 2005 for, among other things, building and maintaining track, structures and infrastructure, upgrading and augmenting equipment, and implementing new technologies (see the capital expenditures table in Management’s Discussion and Analysis of Financial Condition and Results of Operations – Liquidity and Capital Resources – Financial Condition, Item 7).

 

Certain of our properties are subject to federal, state, and local laws and regulations governing the protection of the environment (see discussion of environmental issues in Business – Governmental and Environmental Regulation, Item 1, and Management’s Discussion and Analysis of Financial Condition and Results of Operations – Critical Accounting Policies – Environmental, Item 7).

 

Track – The Railroad operates on 32,426 main line and branch line route miles in 23 states in the western two-thirds of the United States. We own 26,586 route miles, with the remainder of route miles operated pursuant to trackage rights or leases. Route miles as of December 31, 2005, are as follows:

 

   
Route Miles     

Main line

   27,301

Branch line

   5,125

Yards, sidings and other main lines

   20,241

Total

   52,667

 

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Table of Contents

Rail and ties installed and replaced during the year ended December 31, 2005 are as follows:

 

   
Rails and Ties     

Track miles of rail:

    

New

   661

Used

   312

Ties (000)

   4,690

 

Equipment – Our primary rail equipment consisted of the following as of December 31, 2005:

 

   
Equipment     

Owned or leased at year end:

    

Locomotives

   8,226

Freight cars:

    

Covered hoppers

   38,553

Boxcars

   16,505

Open-top hoppers

   19,950

Gondolas

   15,037

Other

   16,698

Work equipment and other

   5,041

 

This excerpt taken from the UNP 10-K filed Feb 25, 2005.

Item 2. Properties

 

Our primary real estate, equipment, and other properties are owned or leased to support our rail operations. We operate facilities and equipment designated for both maintenance and repair, including locomotives, rail cars, and other equipment, and for monitoring such maintenance and repair work. Other facilities include rail yards, intermodal ramps, and maintenance shops throughout the rail system. We spent approximately $1.9 billion in capital during 2004 for, among other things, building and maintaining track, structures and infrastructure, upgrading and augmenting equipment, and implementing new technologies (see the capital expenditures table in Management’s Discussion and Analysis of Financial Condition and Results of Operations – Liquidity and Capital Resources – Financial Condition, Item 7).

 

Certain of our properties are subject to federal, state, and local laws and regulations governing the protection of the environment (see discussion of environmental issues in Business – Governmental and Environmental Regulation, Item 1, and Management’s Discussion and Analysis of Financial Condition and Results of Operations – Critical Accounting Policies – Environmental, Item 7).

 

Track – Our rail operations utilize approximately 33,000 main line and branch line route miles in 23 states in the western two-thirds of the United States. We own approximately 27,000 route miles, with the remainder of route miles operated under trackage rights or leases. Route miles operated and track miles installed and replaced as of, and for the year ending, December 31, 2004 are as follows:

 

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Table of Contents
   
Miles     

Main line

   27,415

Branch line

   5,201

Yards, sidings, and other main lines

   21,261

Total

   53,877

Track miles of rail installed and replaced:

    

New

   689

Used

   336

Ties installed and replaced (000)

   4,775

 

Equipment – Our primary rail equipment consisted of the following as of, and for the year ending, December 31, 2004:

 

   
Equipment     

Owned or leased at year end:

    

Locomotives

   7,682

Freight cars:

    

Covered hoppers

   37,504

Boxcars

   20,879

Open-top hoppers

   19,431

Gondolas

   15,970

Other

   10,856

Work equipment and other

   7,048

Average age of equipment (years):

    

Locomotives

   14.7

Freight cars

   23.0

 

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