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Roger Odoardi. Reviewed by: Roger Odoardi. A land lease, or ground lease, is a agreement in which a lessee owns entities or improvements in a designated area, but doesnt own the actual land.
BNSF Railway is the largest Class I railroad by revenue, miles of track coverage, and count of employees. BNSF Railway $25.9 Billion Revenue, 32,500 route miles, 35,000 employees. Union Pacific Railroad $24.9 Billion Revenue, 32,100 route miles, 32,100 employees.
In 1995, the Union Pacific merged with Chicago and North Western Transportation Company, completing its docHub into the Upper Midwest. In 1996, the company merged with Southern Pacific Transportation Company, itself a giant system that was absorbed by the Denver and Rio Grande Western Railroad.
Map of the land grant connections of the Union Pacific Railroad, 1037 miles of road, 12,000,000 acres of land. Library of Congress.
The Union Pacific grew to operate in 13 western states, extending from Council Bluffs, Iowa, and Kansas City, Missouri, to Portland, Oregon, and Los Angeles. Since 1969 it has been owned by the Union Pacific Corporation, a holding company.
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The railroad may own outright some portions of the corridor (which were acquired in fee simple) while it may have only the right to use other portions (which are held in easement). Determining actual ownership requires a title search, which can be both complicated and time consuming.
Union Pacific Railroad Company has an ongoing program to sell surplus property. All parties interested in purchasing railroad property must complete a Property Sale Application and deliver it to the appropriate Real Estate Manager (via fax, email or U.S. Mail).
BNSF Railway leads the market In 2022, the company generated some 24.49 billion U.S. dollars in freight revenue and hauled more than 10 million carloads across the country.

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