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8/9/2002



Rail News: Rail Industry Trends

Under oath: UP, CSX certify financial reporting accuracy with SEC


A sign of the times: Union Pacific Corp. Chairman and Chief Executive Officer Dick Davidson and Chief Financial Officer Jim Young Aug. 8 filed signed, sworn statements with U.S. Securities and Exchange Commission (SEC) certifying the company's 2002 financial statements.


"The signing of these documents simply reconfirms the integrity and accuracy of our financial reporting, [and] reaffirms our ethical
commitment to our investors, employees, customers and the communities in which we operate," said Davidson in a prepared statement.


The certified documents include UP's 2001 annual report, first-quarter and second-quarter 2002 financial reports and earnings releases, and a proxy statement the company filed with SEC March 7.


Meanwhile, SEC announced Aug. 8 that CSX Corp. complied with the agency's June 27 order to submit sworn written oaths attesting to the accuracy of the company's financial statements.


Contact Progressive Railroading editorial staff.

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