who was the owner of the union pacific railroad
Union Pacific Railroad The Union Pacific Railroad (reporting mark UP) (or Union Pacific Railroad Company and simply Union Pacific) is a freight hauling railroad that operates 8,500 locomotives over 32,100 route-miles in 23 states west of Chicago and New Orleans. The Union Pacific Railroad system is the second largest in the United States after BNSF Railway and it is one of the world's largest transportation companies.[1] The Union Pacific Railroad is the principal operating company of the Union Pacific Corporation (NYSE:Â UNP); both are headquartered in Omaha, Nebraska.
First Transcontinental Railroad The First Transcontinental Railroad (known originally as the "Pacific Railroad" and later as the "Overland Route") was a 1,912-mile (3,077 km) continuous railroad line constructed between 1863 and 1869 that connected the existing eastern U.S. rail network at Omaha, Nebraska/Council Bluffs, Iowa with the Pacific coast at the Oakland Long Wharf on San Francisco Bay.[1] The rail line was built by three private companies over public lands provided by extensive US land grants.[2] Construction was financed by both state and US government subsidy bonds as well as by company issued mortgage bonds.[3][4][5][N 1] The Western Pacific Railroad Company built 132 mi (212 km) of track from Oakland/Alameda to Sacramento, California. The Central Pacific Railroad Company of California (CPRR) constructed 690 mi (1,110 km) eastward from Sacramento to Promontory Summit, Utah Territory (U.T.). The Union Pacific built 1,085 mi (1,746 km) from the road's eastern terminus at Council Bluffs near Omaha, Nebraska westward to Promontory Summit.[7][8][9]