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.
Northern Pacific Railway In 1873, Northern Pacific made impressive strides before a terrible stumble. Rails from the east reached the Missouri River on June 4. After several years of study, Tacoma, Washington, was selected as the road's western terminus on July 14. However, for the past three years the financial house of Jay Cooke and Company had been throwing money into the construction of the Northern Pacific. As with many western transcontinentals, the staggering costs of building a railroad into a vast wilderness had been drastically underestimated.