This is How Union Pacific (UNP) Rolls

Erik Kobayashi-Solomon

April 22, 2016

Key Takeaways Union Pacific is one-half of a rail duopoly controlling the Western US. The other duopoly partner is Buffett’s Burlington Northern Santa Fe. We believe that railroads are an instrument of US economic, social, and political policy. Government regulators changed gear in the 1980s and 1990s, moving from strict anti-monopolists to tacit supporters. We …

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