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For Union Pacific, a strong first quarter
Union Pacific on April 17, 2014 reported 2014 first quarter net income of $1.1 billion, or $2.38 per diluted share, compared to $957 million, or $2.03 per diluted share, in first-quarter…
STB: BNSF, KCS, UP mediation "mandatory"
The Surface Transportation Board is directing BNSF Railway, Kansas City Southern Railway, and Union Pacific to "Engage in mandatory mediation to resolve" the issue of trackage rights over nine miles…
UP, Missouri county reach MOU on R-O-W
Jackson County, Mo., and Union Pacific have signed a Memorandum Of Understanding to transfer ownership of 19 miles of UP right-of-way to the county for future passenger rail use.
Mexico to its rail franchisees: “Yanqui go home”
At the turn of the 20th century, seven-term Mexican President Porfirio Diaz is cited as having complained, “Poor Mexico, so far from God and so close to the United States.”
Mexico's stalking railway horse impacting KCS
A railway reform bill that has been approved by the lower house of Mexico’s Congress and that would impose a form of open access has had a major impact on…
Jim Young, Oct. 24, 1952 – Feb. 15, 2014
Union Pacific Corp. Chairman James R. (Jim) Young, who worked his way from an entry-level finance position to Chairman, President and Chief Executive Officer, died Feb. 15, 2014 after a…
UP: $3.9 billion capex, key management changes
Union Pacific has announced a capital spending plan worth $3.9 billion, and has installed Lance Fritz and Cameron Scott in new leadership positions following Jim Young’s retirement as Chairman.
Good 4Q13 for Union Pacific
Union Pacific said Thursday, Jan. 23, 2014 fourth-quarter 2013 earnings of $1.17 billion, or $2.55 per share, up 13% from $1.04 billion, or $2.19 per share, in the fourth quarter…
Kelley, O’Connor in new roles at Union Pacific
Union Pacific has appointed vice presidents D. Lynn Kelley and Joseph O’Connor to new positions within the organization, effective Feb. 1, 2014.
2014 TRAFFIC AND SPENDING OUTLOOK: A capital year for suppliers
2013 has been a record year for the railroads, “a very robust and challenging year for growth and re-investment,” in the words of BNSF chief executive Matt Rose. The indications…
UP renews share repurchase program ahead of schedule
Union Pacific’s Board of Directors on Thursday, Nov. 21, 2013, approved the early renewal of its share repurchase program, authorizing repurchase of up to 60 million common shares by Dec.…
New Missouri bridge to relieve rail bottleneck
A ceremony is set for Monday, Nov. 25, 2013 to officially open a new rail bridge spanning the Osage River in Missouri, which officials say "eliminates the last major bottleneck…
UP to grain customers: We can handle it
Union Pacific shipped an all-time-high number of grain trains to the Pacific Northwest in October 2013, and says it is poised to help its customers take advantage of a record…
UP 3Q earnings soar to record
Union Pacific Corp. reported third-quarter net income of $1.15 billion, or $2.48 per share, Thursday, Oct. 17, 2013, up 10% from $1 billion, or $2.19 per share, in the third quarter…
UP flood damage prompts Amtrak detour
Union Pacific's Moffat Tunnel route has been closed for repairs west of Denver for an undetermined period following flood damage afflicting wide portions of Colorado, resulting in a detour for…
Nebraska short line marks 20 years
The Nebraska Central Railroad Co. (NCRC) says it will commemorate "20 years of excellence" through a series of celebratory activities that will be held Sunday, Sept. 15, 2013, in its…
Experts weigh in on LNG
Programs to evaluate LNG (liquefied natural gas) as a locomotive fuel are expanding throughout the rail industry, led by such stakeholders as GE Transportation, Electro-Motive Diesel, BNSF, Union Pacific, CN,…
UP Arrowedge technology to debut this month
Union Pacific has formally unveiled its Arrowedge® employee-designed aerodynamic technology for fuel and locomotive emissions reductions for use on double-stack intermodal freight trains. UP expects to introduce the technology on…
Potash resilient after consortium break-up
One of railroading’s least-recognized commodities found itself in the global spotlight this summer. On July 30, Russian potash producer Uralkali announced it was severing ties to the Belarusian Potash Company,…
CP and UP forge Canada-to-California CBR corridor
For the past year, BNSF Railway has dominated in the shipment of crude by rail (CBR) from North America’s Bakken shale formation westward to refineries and ship terminals along America’s…
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