Union Pacific

UP Marks 150 Years on the NYSE

Union Pacific was listed on the New York Stock Exchange on Sept. 15, 1870, one year and four months after the Golden Spike was driven at Promontory Summit, Utah, on May 10, 1869, to complete the nation’s first transcontinental railroad. To mark the 150th anniversary of its NYSE listing as UNP, UP officials virtually rang the Closing Bell at 4:00 p.m. EDT on Sept. 15, 2020.

Layoffs Continue at UP

Union Pacific announced Sept. 4 that it plans to lay off an unspecified number of non-agreement and agreement employees, according to a report in the Omaha World-Herald. UP attributed “continuous efforts to streamline operations, while aligning our service product and resources to drive efficiency” as the reason. “These are difficult decisions; however, we remain committed to providing our customers safe, efficient and reliable service that ensures Union Pacific remains a strong and competitive company,” UP said.

Beyah Named UP Chief Communications Officer

Clarissa Beyah has been named Union Pacific’s Chief Communications Officer. She will be responsible for driving the railroad’s corporate communications strategy, overseeing executive and employee communications, media relations, digital and social media, and serving as the communication’s adviser to UP’s chairman and senior leadership team.

Metra, At Odds With UP, Petitions STB

Chicago’s Metra commuter rail agency on July 21 asked the Surface Transportation Board (STB) to issue a preliminary injunction to prevent Union Pacific from “taking planned steps that would degrade or halt” commuter rail service on the three lines—UP North, UP Northwest and UP West—the Class I railroad operates and maintains equipment under contract. Separately, Metra also asked the STB to rule on whether UP has a legal common-carrier obligation to provide commuter service. “UP maintains that it has no such obligation,” Metra said, adding that it “strongly disagrees” with UP’s position and that “settling that dispute is critical to determining how service will continue to operate on the lines and, more important, what it will cost the public.”