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Volume decline affects UP earnings; capex plan reduced
Core pricing gains helped Union Pacific achieve 9% earnings per share growth in the first quarter of 2015, but EPS would have been stronger had a sharp drop in volume…
Toyota Logistics Services likes going places with UP
Toyota, whose advertising slogan is “Let’s Go Places,” is able to depend upon the railroads for the places its motor vehicles need to go. In recognition, Toyota Logistics Services has…
New rail-served industrial park planned in Fort Worth
Ridge Development plans to construct a two-building industrial park on 47 acres in north Fort Worth, the company announced on April 1, 2015.
Executive order hits Chicago-Rockford rail plan
Illinois Gov. Bruce Rauner signed an executive order Saturday, Feb. 7, 2015, putting major state construction projects on hold, apparently including improved passenger rail service between Chicago and St. Louis.
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.
UP says its cops are tops
Union Pacific’s Police and Security team recently earned accreditation from the Commission on Accreditation for Law Enforcement Agencies Inc. (CALEA), “joining a prominent group recognized for complying with the highest…
Metra sets interim UP West Line service plan
Metra said Monday, Sept. 8, 2014 that its Union Pacific West Line riders will see alterations to midday and weekend train schedules when a major rail replacement for the line…
Guerdon Sterling Sines, 1928-2014, railroad computer systems pioneer
Guerdon Sterling Sines, who retired in 1990 as the Union Pacific’s Vice President-Information & Communication Systems, died Aug. 27, 2014, from complications of Alzheimer’s Disease. He was 85.
Pacific Harbor Line extends reach
Pacific Harbor Line said late Tuesday, Sept. 2, 2014 it is now "serving customers located in three industrial areas near the Ports of Los Angeles and Long Beach, linked to…
Rail revenue adequacy? Well, sort of
The Surface Transportation Board (STB) ruled Sept. 2 that five Class I railroads—BNSF, U.S. affiliates of Canadian National and Canadian Pacific, Norfolk Southern and Union Pacific—are revenue adequate. That is,…
More upgrades for Chicago-St. Louis HrSR
Illinois Gov. Pat Quinn has pledged an additional $102 million in right-of-way upgrades for higher-speed rail (HrSR) improvements to accelerate passenger rail travel times between Chicago and St. Louis.
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