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UP 2Q results beat the Street
Union Pacific said Thursday, July 24, 2014 its second-quarter net earnings rose 17%, to $1.29 billion, or $1.43 per share, measured against $1.11 billion, or $1.18 per share, in the…
Wildfires damage Northwest rail lines
A series of wildfires in central and eastern Washington state, some blazing for nearly a week, have devastated entire communities and left several sections of railway damaged.
Illinois, UP mark projects new and old
Illinois Gov. Pat Quinn and Illinois U.S. Sen. Dick Durban (D) joined Union Pacific President and COO Lance Fritz Friday, June 27, 2014, to announce a joint $90 million addition…
UP enhances premium intermodal service
Union Pacific has increased the frequency of two intermodal services, Portland-Chicago and Northern California-Chicago, both of which are part of UP’s top-tier “premium” intermodal service, with four-day delivery in the…
OmniTRAX acquires Sand Springs Railway Co.
OmniTRAX announced Wednesday, May 28, 2014 that it is acquiring Sand Springs Railway Co., a 32-mile short line linking the railroad's namesake Oklahoma city with Tulsa, Okla.
UP officially opens New Mexico rail facility
New Mexico Gov. Susana Martinez joined Union Pacific Chairman and CEO Jack Koraleski in ceremonially opening UP's new 2,200-acre facility in Santa Teresa, N.M. on Wednesday, May 28, 2014.
Northwest congestion spurs intermodal shift
Historically high levels of traffic, plus numerous track and capacity improvement projects that are currently under way, are both putting the squeeze on BNSF's northern corridor, with intermodal a potential…
RAIL.ONE opens Iowa rail tie plant
RAIL.ONE USA Corp. on Tuesday, April 29, 2014, held an opening ceremony for a $22 million concrete rail tie plant in Clinton, Iowa, located within the city's Lincolnway Railport.
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…
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