Union Pacific 2005 Annual Report Download - page 47

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estimates, or forecasts as to our business, financial and operational results, future economic performance, and
general economic conditions; statements of management’s goals and objectives; proposed new products and
services; estimates of costs relating to environmental remediation and restoration; expectations that claims,
lawsuits, environmental costs, commitments, contingent liabilities, labor negotiations or agreements, or other
matters will not have a material adverse effect on our consolidated financial condition, results of operations, or
liquidity and any other similar expressions concerning matters that are not historical facts.
Forward-looking statements should not be read as a guarantee of future performance or results, and will not
necessarily be accurate indications of the times that, or by which, such performance or results will be achieved,
including expectations as to improvement of operational, service, and network fluidity improvements. Forward-
looking information is subject to risks and uncertainties that could cause actual performance or results to differ
materially from those expressed in the statements.
The following important factors, in addition to those discussed in Risk Factors in Item 1A, could affect our
future results and could cause those results or other outcomes to differ materially from those expressed or implied
in the forward-looking statements:
‰whether we are successful in implementing our financial and operational initiatives, including gaining
new customers, retaining existing ones, increasing prices for our services, and containing operating
costs;
‰whether we are successful in improving network operations and service by improving infrastructure;
reviewing, assessing, and, as necessary, redesigning our transportation plan; managing network volume,
and undertaking other efficiency and productivity initiatives;
‰claims and litigation, including those related to environmental contamination, personal injuries, and
occupational illnesses arising from hearing loss, repetitive motion, and exposure to asbestos and diesel
fumes;
‰legislative and regulatory developments, including possible legislation to re-regulate the rail industry;
‰any adverse economic or operational repercussions related to the transportation of hazardous materials,
which we are required to transport under federal law;
‰natural events such as severe weather, fire, hurricanes, floods, earthquakes, or other disruptions of our
operating systems, structures, and equipment;
‰the impact of ongoing track maintenance and restoration in the SPRB;
‰changes in fuel prices, including price increases caused by the effects of severe weather, other events, or
disruptions of domestic refining capacity;
‰material adverse changes in economic and industry conditions, both within the United States and
globally;
‰adverse economic conditions affecting customer demand and the industries and geographic areas that
produce and consume commodities we carry;
‰transportation industry competition, conditions, performance, and consolidation;
‰changes in labor costs, including healthcare cost increases, and labor difficulties, including stoppages
affecting either our operations or our customers’ abilities to deliver goods to us for shipment;
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