Union Pacific’s net profit slips 9% in first quarter
A 4% drop in operating revenue contributed to a 9% decline in net income for Union Pacific’s first quarter.
A 4% drop in operating revenue contributed to a 9% decline in net income for Union Pacific’s first quarter.
Union Pacific plans to close a car repair facility in Palestine, Texas, which could result in the layoffs of as many as 57 employees.
The publicly traded Class I railroads expect rail volumes to improve this year despite severe winter weather curtailing operations in February.
The National Transportation Safety Board’s preliminary report describes the events leading up to the incident in Vail, Arizona, that killed a Union Pacific employee.
Truckers and trains will have to battle challenging winds returning to some western states (with forecast video).
U.S. Class I rail operations are seeking to return to normal, with intermodal terminals opening in the central and western U.S. But the overall network is experiencing delays in multiple locations.
UP appoints three employees to new roles within Loup Logistics and the company’s marketing and sales department.
Extreme cold and lots of snow in the Midwest and other areas could impact rail operations and cause delays, according to some railroads.
OmniTRAX sets sights on Sand Springs; advisory group approves Union Pacific’s emission reduction targets.
The Union Pacific employee, who was working in Vail, Arizona, was struck by a rail tamper and fatally injured, according to the railroad and the National Transportation Safety Board.
During a panel discussion, Home Depot and others talk about how to grow freight rail.
Anticipated consumer spending levels, retail restocking and tight truck capacity are among the factors that could support intermodal volumes this year, according to Class I rail execs.
Two FreightWaves SONAR charts illustrate Union Pacific’s views of the West Coast intermodal spot market.
Union Pacific has the network capacity to handle an anticipated rebound in rail volumes in 2021, executives said during the company’s fourth-quarter earnings call on Thursday.
Union Pacific’s net profit was $1.4 billion in the fourth quarter of 2020, on par with the fourth quarter of 2019.
A federal district court judge in Nebraska determined that it would be illegal for the Brotherhood of Maintenance of Way – Employes Division to take action against Union Pacific over the railroad’s response to the COVID-19 pandemic.
A change in plans for the Brazos yard in Texas contributed to Union Pacific reaching an operating ratio in the mid-50s.
The U.S. District Court in Nebraska sides with Union Pacific’s request to prevent Brotherhood of Maintenance of Way Employees division from striking over the railroad’s response to the coronavirus pandemic.
The Brotherhood of Maintenance of Way Employes Division is considering action against Union Pacific over quarantine pay and “common sense” COVID-19 safeguards.
The National Transportation Safety Board said the freight rail industry needs to reconsider where it places buffer cars on high-hazard flammable trains in order to reduce potential accident severity.