Management

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UP’s Fritz ascends to Chairman and CEO Union Pacific’s board of directors elected President and Chief Operating Officer Lance Fritz Chairman, President and Chief Executive Officer, effective Oct. 1, 2015. He succeeds John Koraleski as Chairman. Koraleski plans to retire Sept. 30 after a 43-year career at UP.

is-bakken-cbr-fading-away?
Bakken crude oil hauled in unit trains may disappear by 2017, according to an analysis conducted by RBN Energy LLC. “Bakken crude-by-rail (CBR) volumes are down this year and pipeline shipments are increasing as production levels off in the wake of...
csx-doubles-up-for-brickyard-400
The Sunday, July 26, 2015 Brickyard 400 NASCAR Sprint Cup Series race at Indianapolis Motor Speedway will have not one, but two CSX-primary-sponsored Front Row Motorsports Ford Fusions running: The familiar blue and gold “Play It Safe Around Railroad Tracks”...
up-posts-flat-second-quarter-earnings
Net income of $1.2 billion, compared with 2014 net income of $1.3 billion, combined with an operating revenue decrease of 10% and an operating income down 11%, resulted in a flat second-quarter 2015 for Union Pacific (UP), the railroad reported...
eliasson-to-stb-railroads-are-healthy-let’s-keep-them-that-way
Railroads that are revenue adequate and earn their cost of capital should not be punished by capping their shipping rates, which would discourage the substantial and mostly private investment in the nation’s critical rail transportation infrastructure, CSX Executive Vice President...
aar-to-stb-rail-revenue-caps-a-terrible-idea
Testifying at a  July 22, 2015 Surface Transportation Board hearing on railroad revenue adequacy, the Association of American Railroads, executives from its member railroads and economic experts urged federal regulators “to beware of upending numerous national economic goals” if they...

eliasson-to-stb-railroads-are-healthy-let’s-keep-them-that-way
Railroads that are revenue adequate and earn their cost of capital should not be punished by capping their shipping rates, which would discourage the substantial and mostly private investment in the nation’s critical rail transportation infrastructure, CSX Executive Vice President...
aar-to-stb-rail-revenue-caps-a-terrible-idea
Testifying at a  July 22, 2015 Surface Transportation Board hearing on railroad revenue adequacy, the Association of American Railroads, executives from its member railroads and economic experts urged federal regulators “to beware of upending numerous national economic goals” if they...
cp-posts-record-quarterly-or-and-net-income
Canadian Pacific Railway on July 21, 2015 posted its highest-ever net income and lowest-ever operating ratio for a second quarter. Despite revenues of $1.65 billion that were little-changed compared to the prior-year period, CP’s net income rose to a record quarterly...
cn-industry-low-operating-ratio-paces-a-solid-second-quarter
Net income of C$866 million, compared with net income of C$847 million in second-quarter 2014, combined with an operating income increase of 8% and a record-low quarterly operating ratio of 56.4%, resulted in a solid second-quarter 2015 for CN, the...
for-kcs-a-tough-second-quarter
A revenue decline in all but one commodity group, including a precipitous drop in energy revenue, resulted in a difficult second-quarter 2105 for Kansas City Southern, the railroad reported on June 17, 2014. Revenue of $586 million was a decrease of...