UP

FRCF President and CEO Jillian Crane (left) and CSX Vice President of Corporate Communications Bryan Tucker (right)

Class I Briefs: CSX, UP

First Responders Children’s Foundation (FRCF), in partnership with CSX, announces recipients of the 2022 CSX Pride in Service Scholarship. Also, Union Pacific (UP) announces extension of Carta Porte grace period for Mexico shipments; and Nebraska Gov. Pete Ricketts discusses proposed rail park with leaders in Lincoln County.

J.B. Hunt Adds Washington State, Texas Operations

J.B. Hunt Transport Services Inc. (J.B. Hunt) announced on Oct. 3 that it is expanding its transloading footprint with the addition of two new operations in Seattle, Wash., and Laredo, Tex., “for customers’ needs and to provide quick access to outbound rail and highway transport.”

(Photograph Courtesy of CP)
Commentary

Cowen: ‘Looking Down the Windy Tracks’

A strike has been averted for now as the major unions reached tentative agreements. Contracts details are expected to be in line with the Presidential Emergency Board recommendations. The railroads will have to gradually pass through costs as contracts are renewed if they want to keep margins intact. This may prove difficult as we head into an economic slowdown. We continue to favor Canadian Pacific (CP) in the rail group.

Recycling used railroad crossties into bio feedstocks is one of the opportunities that UP and Shell will explore together. (Photograph Courtesy of UP)

UP, Shell to Partner on ‘Green’ Initiatives

Union Pacific (UP) and Shell have signed a Memorandum of Understanding that will allow for the exploration and testing of several initiatives slated to help both companies meet their sustainability goals.

Brian L. Glassberg (right) will take over the role of GTX Executive Vice President, General Counsel and Corporate Secretary once Deborah A. Golden (left) retires at the end of November.
  • News

People News: GATX, UP, WSP (UPDATED)

Deborah A. Golden set to retire from GATX Corporation (GATX). Also, Union Pacific’s (UP) Wendy Whalen earns a Women in Supply Chain Award; and Rob DiAdamo joins WSP as Senior Director of the firm’s Advisory Enterprise and Strategy Team.

  • News

Rail Safety Week Initiatives Accelerate (UPDATED)

As Rail Safety Week (RSW) (Sept. 19-25), a collaborative effort among Operation Lifesaver, Inc. (OLI), state OLI programs and rail safety partners across the U.S., Canada and Mexico, continues to be observed, North American carriers and organizations are mobilizing to raise awareness about rail safety and to help stop track tragedies during this annual week-long event. Here is a roundup of the week’s initiatives.

Railroads Prepping for Strike Action: AAR (UPDATED)

The six Class I freight railroads participating in national bargaining will begin taking steps as early as Sept. 12 to manage and secure shipments of hazardous and security-sensitive materials “in light of the possibility of a rail labor strike,” the Association of American Railroads (AAR) said the evening of Sept. 9. The SMART-Transportation Division (TD) and Brotherhood of Locomotive Engineers and Trainmen spoke out on embargoes* on Sept. 11.

UP’s Green Financing Framework outlines the projects that can be funded with proceeds from its green bond offering. Among them: locomotive modernizations that reduce GHG emissions and increase fuel efficiency. (Photograph Courtesy of UP)

UP Debuts Green Bond Funding

Union Pacific has issued $600 million of green bonds to “fund investments aimed at decarbonizing the company’s footprint and achieving set emissions reduction targets,” the Class I reported Sept. 12.