No, the Central Pacific Railroad (CPRR) is not in business as an independent entity in 2026. Historically, it ceased independent operations in 1885 when it was leased to the Southern Pacific Railroad. Its corporate identity was eventually fully merged into the Southern Pacific (SP) in 1959. Later, in 1996, the Southern Pacific was itself acquired by the Union Pacific Railroad (UP). Therefore, the original tracks laid by the Central Pacific—which formed the western half of the first Transcontinental Railroad—are owned and operated by the Union Pacific in 2026. While the "Central Pacific" name only lives on in museums (like the California State Railroad Museum) and historical markers, the physical infrastructure remains a vital part of the American freight rail network, and the "Jupiter" locomotive replica at Golden Spike National Historical Park serves as a 2026 reminder of the company's massive impact on 19th-century westward expansion.