January 30, 1969

UP Forms Union Pacific Corporation

As Union Pacific grew as a railroad, so also did its non-rail business. In January 1969 — just five months before the 100th anniversary of the driving of the Golden Spike — UP formed a parent corporation for its subsidiaries: the Union Pacific Railroad and its other non-railroad operating companies. The corporate parent was formed due to concerns about possible nationalization of the railroads, many of which were failing.

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James H. Evans was the first president of Union Pacific Corporation. He was instrumental in transforming the company from a railroad organization into a diversified, growing enterprise.

In 2012, Union Pacific celebrates the shared stories that have shaped our country since 1862. To mark our 150th anniversary, we invite you to explore how the nation’s largest railroad came to be and how UP continues to build America with innovation and tenacity, touching the lives of nearly every citizen.