Union Pacific CEO said his threat to raise rates on shippers in a now-released video was an attempt at humor.
Rail regulator rejects railroad’s appeal in dispute over remarks allegedly threatening shippers opposed to Norfolk Southern merger.
Alongside its slightly worse-than-expected third-quarter report on Thursday, Schneider National announced a deal to utilize Norfolk Southern’s rail network in the East.
Union Pacific posted record revenue and profits in the third quarter, as volume and pricing gains offset rising fuel prices and inflation.
Union Pacific’s third-quarter profit rose 16% as higher freight volumes and pricing gains boosted revenue.
Union Pacific CFO Jennifer Hamann will retire after 35 years with the railroad.
Louisiana will close a funding gap and provide $1 million for a new port rail line.
Union Pacific CEO Jim Vena expects regulators to approve the $85 billion Norfolk Southern merger, saying it would speed freight service and improve competition with trucking.
A major chemical producer boosted the UP-NS merger, saying the proposed transcon will help it reach eastern markets.
National Farmers Union cites higher costs, less reliability of past rail mergers.
Union Pacific is the latest railroad to test diesel-alternative power in one of the busiest U.S. rail hubs.
The Surface Transportation Board rejected opponents’ attempts to quickly halt the proposed Union Pacific–Norfolk Southern merger.
Union Pacific CEO Jim Vena is critical of rival railroads’ plans to request trackage rights over a combined UP-Norfolk Southern system. “The idea to give up tracks of your railroad for no reason at all just goes against the fundamental principle of how … business should work,” Vena told an investor conference. Last week BNSF […]
Norfolk Southern says intermodal’s next growth phase will depend on making rail as simple, predictable and accountable as trucking through stronger terminal performance and a coast-to-coast merger.
Growing delays for rail-bound boxes reflect continuing pressure on intermodal capacity.
Union Pacific and Norfolk Southern insist their merger application meets regulatory thresholds and urge the STB to proceed with the review.
Union Pacific and Norfolk Southern turn to former federal anti-trust officials to refute claims by red state Attorneys General opposing their transcontinental rail merger.
Seven GOP Attorneys General are again urging federal regulators to reject the Union Pacific–Norfolk Southern rail merger.
The merger filing of Union Pacific and Norfolk Southern still lacks information for proper federal review, say shippers’ trade groups.
The CEO of BNSF says Union Pacific’s latest regulatory filing does nothing to change the anti-competitive aspects of the $85 billion rail merger.
