Union Pacific (UP) today reported 4Q19 net income of $1.4 billion, or $2.02 per diluted share. This compares to $1.6 billion, or $2.12 per diluted share, in the 4Q18.
Union Pacific recently completed Positive Train Control (PTC) implementation, activating its final track segment. The technology is now implemented on all the company’s federally mandated rail lines, including required passenger train routes. Union Pacific will continue working with partner railroads on their interoperability efforts, ensuring seamless operation onto the company’s tracks.
Union Pacific (UP) recently announced a new Marketing and Sales organizational structure, consolidating its business groups from four to three: Bulk, Industrial and Premium. The changes are effective Jan. 1.
U.S. Department of Labor initiative HIRE Vets Medallion Program has named Union Pacific (UP) a 2019 Gold Medallion recipient for its support of military veterans. It applauded many of UP’s programs, including its UP VETS employee resource group which aims to connect service members and provide camaraderie and mentorship.
RAILWAY AGE, NOVEMBER 2019 ISSUE: Enhanced energy management systems, smart end-of-train devices and moving-block signaling and train control are all under development at Union Pacific as it embarks on a journey to autonomous operation.
Union Pacific (UP) relatively flat reported 3Q19 net income of $1.6 billion, or $2.22 per diluted share. This compares to $1.6 billion, or $2.15 per diluted share, in the same period last year. Yet, one-upping 2Q19, UP set an all-time best quarterly operating ratio of 59.5%.
RAILWAY TRACK & STRUCTURES at RAILWAY INTERCHANGE: The education energy was flowing during the second day of the AREMA 2019 technical conference at Railway Interchange in Minneapolis.
Union Pacific, in the midst of implementing Unified Plan 2020, its version of PSR (Precision Scheduled Railroading), posted a quarterly record-low operating ratio for this year’s second quarter, along with increases in net income, operating income and diluted earnings per share, compared to the prior-year quarter. These improvements came despite decreases in volume and revenue.
Union Pacific (UP) recently announced in a notice to customers that it is updating its current intermodal reservation system—with a projected release next month—to “improve ease of use while also improving reservation utilization through technology and better processes” as the railroad continues its transition to PSR (Precision Scheduled Railroading).
The only operating example in the world of the largest steam locomotive ever built thundered her way, in May 2019, from Union Pacific’s Steam Shop in Cheyenne, Wyo., to Ogden, Utah, to take part in ceremonies marking the 150th anniversary of the Golden Spike, which completed the nation’s first transcontinental railroad.