Union Pacific

Union Pacific Photograph

UP 1Q24: ‘Strong’ Financial Results Despite ‘Challenging’ Freight Market (Updated, Interview with Jim Vena and TD Cowen Insight)

“Our team delivered strong financial results in the first quarter as we navigated a challenging freight market and normal winter conditions,” Union Pacific (UP) CEO Jim Vena said during the Class I’s financial report on April 25. “These results build on the momentum we established as we exited 2023 and provide further proof of what’s possible as we strive to be the best in safety, service and operational excellence. This is a great start to the year, but we understand there’s work to be done to achieve our goals and meet our stakeholders’ expectations.”

Union Pacific transported Vestas V163-4.5 MW wind turbine blades, the largest wind blade moved across U.S. rail networks. (UP photo)

Class I Briefs: UP, CSX, NS

Union Pacific (UP) collaborates with Vestas to ship the largest wine turbine blades across the country by rail. Also, CSX Assistant Controller Thomas McDuffie is named a Rising Star by the Florida Institute of CFOs (fiCFO); and the National Association of Manufacturers (NAM) commends Norfolk Southern’s (NS) role in supply chain continuity amid Baltimore disruptions.

(CSX Image)

Class I Briefs: CSX, NS, UP

CSX recognizes six shippers for their “commitment to sustainability” by converting a portion of their freight from truck to rail. Also, Norfolk Southern (NS) offers customers a Rail Emissions Report tool and introduces the “Safety Up” mobile app; and Union Pacific (UP) kick starts a plastics collection pilot.

STG Logistics photo

Class I Briefs: UP, CPKC

Union Pacific (UP) extends its long-running partnership with STG Logistics. Also, the Brotherhood of Railway Carmen Division (BRC-TCU) secures a sick leave agreement with Canadian Pacific Kansas City (CPKC).

Premium

STB Closes UP Embargo Docket

The Surface Transportation Board on April 17 issued findings and closed its proceeding in Oversight Hearing Pertaining to Union Pacific Railroad Company’s Embargoes, Docket No. EP 772. STB noted that “UP’s effort to

RA Young Professionals: Fast Tracking Your Career
  • News

‘Young Professionals’ Virtual Conference Set for May 9

Railway Age’s second-annual Young Professionals conference—the rail industry’s only free event tailored to helping “fast trackers” in the freight, passenger and supply sectors advance their careers—will be held virtually on May 9

The Union Pacific 2023 J.C. Kenefick Safety Award winner Bayson Oxuzidis with, from left, Chief Executive Officer Jim Vena; Bayson’s wife, Jennifer; and Eric Gehringer, Executive Vice President-Operations. (UP Photograph)
Commentary

Watch: Bayson Oxuzidis Trailblazes Path at UP

Under the harsh gaze of the Sonoran sun, one leader’s approach to safety is as relentless as the desert heat itself. That quiet force is Bayson Oxuzidis, a dedicated Union Pacific (UP)

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