Bloomberg’s headline read: “Union Pacific Soars Most Since 2009 as COO Hiring Dazzles Street.” U.S. News & World Report called Vena a “turnaround expert.”
Vena, who had served as CN’s executive vice president and chief operating officer, retired in June 2016. Union Pacific’s announcement Monday included Vena’s age: 60.
Union Pacific said Vena will lead all aspects of its operations, including implementation of Unified Plan 2020, which the company launched in October. He will report to Lance Fritz, Union Pacific chairman, president and chief executive officer.
“Unified Plan 2020 combines precision scheduled railroading principles with our own UP Way tools and best practices,” Fritz said. “We have been making excellent strides rolling out Unified Plan 2020, and Jim’s vast knowledge of the precision scheduled railroading model brings significant experience and expertise that will enhance the work already under way.”
Vena worked for the late Hunter Harrison, who pioneered precision scheduled railroading and used the strategy while at the helm of CN.
Union Pacific said that during Vena’s tenure as executive vice president and COO, CN generated the North American rail industry’s best operating ratio and achieved the best safety incident ratio in the company’s history.
Vena started his railroad career as a brakeman and held progressively increasing responsibilities in CN’s operations as well as marketing and sales groups. He was promoted to executive vice president and COO in 2013. He retired as part of a management reorganization following the resignation of Claude Mongeau as president and CEO.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now