UP dies when it forms "Union Pacific Corporation" in 1969
Author: Trains suck!
Date: 09-12-2021 - 14:12
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.