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UP: Fritz succeeds Koraleski; capex set at $4.3 billion
Lance Fritz has succeeded Jack Koraleski as President and Chief Executive Officer at Union Pacific effective immediately, and was also elected to the railroad’s board of directors. Koraleski is now…
UP employees set safety record
Union Pacific’s 2014 employee safety performance, a 0.98 reportable injury rate, was the best in the railroad’s history, surpassing the previous record established in 2012, and an 11% reduction from…
UP 4Q earnings beat Street
Union Pacific said Thursday, Jan. 22, 2015 its fourth-quarter net earnings totaled $1.41 billion, or $1.61 per share, handily beating Wall Street consensus analyst expectations of $1.51 per share.
STB to weigh key trackage rights case
The Surface Transportation Board has decided, somewhat reluctantly, to thrash out a trackage rights dispute raised by a BNSF request to acquire "terminal trackage rights over a single track jointly…
UP begins Canada-to-California CBR service
Union Pacific’s Can-Am Corridor linking western Canada with the western U.S. entered a new era on Nov. 24, 2014, when the first unit train of Canadian crude rolled across the…
Railroads are searching for ways to keep intermodal moving, and growing, on a capacity-constrained network.
UP’s new mobile classroom for emergency responder training
Union Pacific, in collaboration with The Firefighters Education and Training Foundation, has converted a boxcar into a mobile classroom, expanding its fleet of training equipment used to educate emergency responders.
UP 3Q profit rises
Union Pacific said Thursday, Oct. 23, 2014 its third-quarter earnings rose 19% measured against the comparable quarter in 2013, to $1.37 billion, or $1.53 per share, from $1.15 billion, or…
New Mexico Border Authority awards feasibility study to HNTB
The New Mexico Border Authority has selected HNTB Corp. perform a comprehensive study determining the feasibility of a new rail bypass and international rail border crossing near the Santa Teresa,…
Seattle chides BNSF on tunnel safety
Seattle emergency officials are urging BNSF Railway to improve safety procedures related to a tunnel within the city now used for increasing amount of crude-by-rail (CBR) traffic.
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