Truckload shippers are accepting double-digit rate hikes in 2021 and further increases in 2022, Deutsche Bank’s lead transport analyst says.
Union Pacific is constructing a grain transload facility at its intermodal terminal near Chicago, while two U.S. senators introduce bipartisan legislation to form a grant program that aims to reduce highway-rail grade crossings.
The Surface Transportation Board will need to scrutinize a proposed merger between Kansas City Southern and either Canadian Pacific or CN to ensure it doesn’t hurt the operations of competing railroads, Union Pacific’s head said on the company’s first-quarter earnings call.
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.
TuSimple, the first autonomous vehicle software developer to go public, raised $1.1B at $40 per share, above the high-end of its estimated price..
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.
The AAR released climate policy proposals encouraging partnerships and market solutions that promote competition and carbon capture, utilization and storage technology.
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.
