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.
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).
With an aim to serve myriad industries with efficient rail access, RCR Hempstead Logistics Park recently held a groundbreaking reception.
FROM THE EDITOR, MAY 2019 – By the time you read this, the largest steam locomotive ever built will have thundered her way 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.
The Big Boy is back, baby!
COVER STORY, MAY 2019 – Railway Age antecedent American Railway Times, May 15, 1869: “On May 10, the last rail connecting the tracks of the Union and the Central Pacific Railroads was spiked in place, thus giving a continuous railway line across the continent. The blows of the hammer driving home the last spike were heard simultaneously by the aid of the telegraphic wires at the extreme eastern and western sides of the continent; and in many places the marked event was celebrated by the ringing of bells, the firing of salutes, and the interchange of congratulations between the different sections of the country.
Union Pacific contractors were moving lots of dirt when this reporter visited the Brazos Yard site in Texas in November 2018. The location was to be the new crown of UP’s capabilities to improve and increase volume and service to the expanding customer base in the Houston and Gulf Coast chemical and petrol industry complex.