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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…
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…
UP slates $15 million for one Missouri line
Union Pacific Railroad (UP) is investing nearly $15 million in its rail line between the Missouri/Iowa border and Trenton, Mo., part of an overall $66 million program in that state,…
Gearing up for winter
Tools and techniques both new and old help railroads cope with weather extremes.
Lowering the bar one more time: Jason H. Seidl
“We are lowering earnings expectations for most railroads to reflect traffic results,” says Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl, regarding upcoming second-quarter…
When vanishing vistas = vaporized students
High school graduation. Time for friends, family, celebration, and taking senior photos and videos. Lots of young people seek the perfect artistic backdrop: a “vanishing vista.” What better, more artistic…
UP to invest $102 million in Nebraska
Union Pacific Railroad plans to invest nearly $102 million in 2015 to improve its rail infrastructure in Nebraska, the company announced on May 22, 2015.
RailComm automates UP Long Beach intermodal facility derail controls
Union Pacific has awarded a contract to RailComm to replace a legacy hardwired derail control system with an automated Domain Operations Controller® (DOC®) proprietary yard control application at its intermodal…
James H. Evans, 1920-2015
James H. Evans, who served as Union Pacific Chairman of the Board from 1977 to 1985, died Monday, May 11, 2015. He was 94. UP did not report a cause…
Big Spring Rail to expand its facilities
To better serve its existing customers and continue to grow its customer base, Big Spring Rail Systems Inc. (BSR), a linehaul railroad that operates and maintains approximately 2.07 miles of…
UP sets capex program at $4.2 billion
Union Pacific Railroad plans to invest $4.2 billion capital dollars in its network this year, following investments totaling more than $31 billion from 2005-2014. These investments contributed to a 38%…
UP grade crossing safety rate improves 27%
Union Pacific’s grade crossing safety rate, which measures the total number of Federal Railroad Administration-reportable grade crossing accidents per million train-miles, improved to 1.88 in 2015’s first quarter, compared to…
UP achieves record first-quarter employee safety rate
With a reportable injury rate of 0.85, Union Pacific employees achieved record first-quarter safety performance, demonstrating ongoing progress toward the company’s ultimate goal of zero incidents.
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.
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