---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-014457"
form_type: "8-K"
ticker: "UNP"
cik: "0000100885"
company_name: "UNION PACIFIC CORP"
filed_at: "2022-06-07T23:59:59+00:00"
generated_at: "2026-06-25T03:46:30.412709+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Union Pacific says 2022 OR starting with '55' unlikely; inflation ~4%

## Summary
- CFO Hamann reaffirmed FY2022 OR improvement vs 2021, but incremental margins below original mid-60% forecast.
- All-in inflation excluding locomotive fuel expected ~4%; fuel and cost inflation pressuring margins.
- Achievement of OR starting with '55' unlikely due to higher network costs and inflation.
- Railroad filed amended service recovery plan with STB on June 3, projecting key metric ranges.

## SEC filing metadata
- accession: 0001437749-22-014457
- form_type: 8-K
- ticker: UNP
- cik: 0000100885
- company_name: UNION PACIFIC CORP
- filed_at: 2022-06-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/100885/000143774922014457/0001437749-22-014457-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/100885/000143774922014457/unp20220603_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-014457
- JSON: https://secwatch.observer/filing/0001437749-22-014457.json
- Plain text: https://secwatch.observer/filing/0001437749-22-014457.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.