Union Pacific’s earnings guidance for the year is based on the assumption that a recession won’t occur, officials said during the railroad’s first-quarter 2023 earnings call Thursday.
Trammell Crow and CBRE Investment Management have acquired 192 acres in Arizona and are seeking companies interested in developing facilities on their rail-served site.
Union Pacific will hold off on plans to redeploy the train conductor from the locomotive cab to grounds-based work, according to a tentative agreement between UP and SMART-TD.
Union Pacific is the latest railroad to set an agreement with several unions granting workers paid sick days.
A roundup of recent news items from Norfolk Southern, Union Pacific, Amtrak and the Surface Transportation Board.
Inside this edition: workplace trends for 2023; growing demand for industrial space at the border; and the hunt for a new CEO.
Union Pacific confirmed that CEO Lance Fritz will be leaving his role. The railroad is looking for a replacement.
Union Pacific reached sick leave agreements with the National Conference of Firemen and Oilers and the Brotherhood of Railway Carmen over the weekend.
The Surface Transportation Board recently took action on Union Pacific’s use of embargoes in the Midwest and rejected the Class I railroads’ request to delay a program related to smaller rate disputes.
On Union Pacific’s list of resolutions for 2023 are plans to improve rail service, enhance quality of life for craft employees and achieve productivity gains, according to executives on the railroad’s fourth-quarter 2022 earnings call Tuesday.
Eight U.S. representatives from Iowa and Minnesota want the Surface Transportation Board to require Union Pacific to fix service issues and lift weather-related embargoes in the region.
Union Pacific’s proposed testing of one-person crews is on hold because the program can’t proceed without negotiations between the railroad and affected union members.
Four Class I railroads have asked the Surface Transportation Board and U.S. appeals courts to review an order that seeks to resolve small rate disputes through voluntary arbitration.
The Surface Transportation Board wants Union Pacific to address service hiccups at California’s Foster Farms. Also, CN reports rail traffic controllers have ratified a new collective agreement.
Major U.S. railroads have pushed for years to eliminate the in-cab conductor role. But unions think the cost-cutting rule could undermine safety.
Following last week’s hearing on embargoes before the Surface Transportation Board, Union Pacific has decided to pause the program. Meanwhile, the board is considering what it can do to encourage rail volume growth.
Union Pacific has been recognized for sustainability practices. Commtrex and Railinc are working together to develop a product aimed at using data to simplify rail movements.
STB Chairman Marty Oberman told UP it didn’t provide enough information on its embargo practices ahead of a two-day hearing next week.
Norfolk Southern plans to pursue other measures than furloughs to get through market downturns, and two activist investors press NS and Union Pacific to address paid sick leave.
What’s it like to ride a historic locomotive? Go behind-the-scenes during FreightWaves’ ride on the No. 4014.
