Union Pacific and Norfolk Southern announced a merger that will create the first transcontinental railroad with an enterprise value of more than $250 billion.
Norfolk Southern, which announced an historic merger with Union Pacific, said earnings rose 5% in Q2 as volume grew by 3%.
Union Pacific and Norfolk Southern could announce a merger as early as next week, according to a published report.
New domestic lanes expand intermodal service from the West Coast through the Midwest to Texas.
Following news of the Union Pacific-Norfolk Southern talks, the Surface Transportation Board has published a resource guide to rail mergers.
The State of Freight for July looked at what a few key SONAR indices are saying about the market.
Union Pacific saw record results in the fourth quarter as coal shipments led gains across business segments.
Union Pacific reported higher profits on improved freight volumes and a one-time tax gain.
Union Pacific and Norfolk Southern on Thursday confirmed that they are in advanced discussions regarding a merger.
Union Pacific has agreed to an interim pay raise for 6,000 members of the Brotherhood of Locomotive Engineers and Trainmen while full contract talks continue. The Brotherhood of Locomotive Engineers and Trainmen and Union Pacific (NYSE: UNP) have reached tentative agreement on an interim 3% raise for union members while bargaining for a full contract […]
Intermodal would be approximately 53% of a combined entity’s volume.
A trio of veteran experts will advise the Surface Transportation Board and chairman Patrick Fuchs as talk of mergers grows louder.
Goldman Sachs is advising BNSF Railway on a possible merger, according to a published report, just days after news broke of talks between Union Pacific and Norfolk Southern.
In a business as tightly coupled to its past as railroading, there is much at stake for several individuals in the proposed Union Pacific-Norfolk Southern merger.
Intermodal, coal, and grains are driving Class I railroad traffic higher.
Union Pacific, the largest publicly-held railroad, is in merger talks with eastern rival Norfolk Southern, according to a published report.
Union Pacific has retained investment bank Morgan Stanley to explore a potential acquisition of a Class I railroad, according to a report.
BNSF Railway and Union Pacific came to an agreement on routing of intermodal trains ahead of a meeting with regulators.
A federal appeals court has thrown out a rule that gave shippers with poor rail service access to a second railroad.
BNSF asks Surface Transportation Board for emergency order to start southern California-Salt Lake City service over Union Pacific tracks.
Intermodal helped make CPKC the fastest-growing railroad in the second quarter.
That light at the end of the rail merger tunnel is becoming an oncoming investment express.
The largest U.S. railroad is taking a customer-focused approach as it deploys technology across it 32,000-mile system.
History doesn’t provide a road map for how intermodal traffic may perform in the midst of a trade war, analyst Larry Gross says.
A California startup wants to repurpose a lightly used freight route for a luxury overnight train connecting Los Angeles and San Francisco.
Union Pacific and partner ZTR said they have completed testing of a hybrid battery-electric locomotive.
Railroad executives told an investors conference that future mergers face likely insurmountable regulatory hurdles.
Eastbound international container volume out of Southern California was down 5% from the prior week and 10% compared to the four-week rolling average, according to RailState.
Talk of mergers is making the rounds of Class I railroads as a way to kick-start growth and take advantage of a business-friendly Trump administration.
Union Pacific President Beth Whited will step down to an adviser role after 37 years at the railroad.
Most major railroads maintained their 2025 outlooks even amid worries about trade and the economy.
The latest heritage unit to join Union Pacific’s fleet honors Abraham Lincoln, who enabled the building of the transcontinental railroad.
The Surface Transportation Board will decide whether Union Pacific is blocking rival BNSF from accessing a Utah logistics park.
With Chinese imports tanking and fewer calls expected at West Coast ports, many empty containers won’t have a way back to Asia.
Union Pacific has brought a rare trackage rights dispute with BNSF to the Surface Transportation Board.
Falling fuel surcharge revenue offset record freight revenue for Class I railroad Union Pacific in the first quarter.
Union Pacific said first-quarter earnings were flat as the railroad’s volume gains were offset by the mix of freight on its network.
Shortline railroads are precisely the business partners that major railroads need to stanch a decline in the carload business, a consultant says.
Genesee & Wyoming short line Central Oregon & Pacific can take over local operations from Union Pacific in Eugene, Oregon, as early as Saturday, federal regulators say.
The chief executive of Union Pacific says his railroad will work through trade uncertainties the same way it worked through the tech bubble and the pandemic.
Railroad stocks dropped after President Trump’s announcement Wednesday of tariffs on U.S. trading partners.
With an international intermodal surge winding down, analyst Larry Gross pins his hopes on domestic intermodal share gains.
Class 1 railroads saw mixed results in Q4 of 2024, but consultant Oliver Wyman sees a steadier year ahead.
Union Pacific is partnering with Jaguar Transport Holdings to establish a new shortline railroad in Kansas City, Missouri’s West Bottoms industrial district.
The early-year supply chain lull swept rail freight in the latest carload data from the Association of American Railroads.
Railroads are weighing the uncertainty of President Trump’s proposed tariffs and foresee a moderate cross-border impact, executives told an investor conference.
Union Pacific announced plans on Presidents Day to honor Abraham Lincoln with a commemorative locomotive.
Union Pacific might be running the smoothest rail network.
U.S. rail traffic has risen for the fifth time in the first six weeks of 2025.
While the global supply chain seemed whipsawed on a daily basis in 2024, one thing remained constant: a veritable tsunami of ocean containers moving through the Port of Los Angeles. The busiest U.S. maritime trade hub moved 10.3 million container units in 2024, a record 1.7 million TEUs or nearly 20% higher than a year […]
U.S. rail traffic showed a massive jump for the week ending Jan. 18, 2025, with both carload and intermodal traffic up more than 25% from the same week a year earlier. Statistics from the Association of American Railroads show overall traffic for the week was 500,160 carloads and intermodal units, a 25.9% increase. That included […]
Union Pacific reported profit 7% higher from a year ago, as rail freight volumes gained and operating margin improved.
At MARS meeting, the biggest U.S. Class 1 railroad also talks shipment security, Mexico business, and growth.
Intermodal volumes boosted weekly U.S. rail traffic even as overall carloads slipped compared to the same week in 2024.
Weekly U.S. rail traffic showed a slight uptick over 2024 in the first report from the Association of American Railroads for 2025. Overall volume for the week ending Jan. 4 was 421,410 carloads and intermodal units, a 1% increase over the first week a year ago. That included 198,500 carloads, down 4.6%, and 222,910 containers […]
Intermodal continues to pace weekly U.S. rail traffic while carloads edged downward, according to the Association of American Railroads.
Continuing consumer demand and frontloading by importers in November helped the Port of Los Angeles to double-digit gains in container volumes.
U.S. rail traffic is back on track after November swings, with intermodal gains outpacing weaker carloads.
The Port of Los Angeles posted record container volume in October on resilient consumer spending and a strong economy.
This week in Borderlands: Toyota pumping $1.45B into Mexico to boost Tacoma production; Union Pacific to serve Volkswagen hub at Texas seaport; South Korean freight transporter to open subsidiary in Mexico; and Nefab expands in Arizona with warehousing and logistics facility.
The Surface Transportation Board has taken Union Pacific to task for an ongoing lack of cooperation in a new decision on the railroad’s effort to construct a 6-mile rail line in Arizona’s Maricopa and Pinal counties.
Union Pacific Corp. in the third quarter saw double-digit gains for income and earnings on modest carload volume improvement and lower fuel prices.
An early peak shipping season, strong economy and resilient consumer spending boosted container volume to a record quarter at the Port of Los Angeles.
As BNSF Railway, CSX and Norfolk Southern continue to sign tentative contract agreements with their labor unions well in advance of the start of national negotiations, one U.S. Class I railroad has been conspicuously absent: Union Pacific.
U.S. railroads see the highest weekly intermodal traffic since the pandemic, and ongoing supply chain issues could aid further gains as a threatened longshore strike creeps closer.
Minnesota’s federally mandated State Freight Plan identifies key areas for investment in the statewide transportation system to ensure goods movement that is safe, efficient and sustainable.
As eastbound import traffic continues to grow, Union Pacific announced surcharges for its premium EMP and UMAX services out of the Southern California gateway.
Construction continues on a Chicago bridge project designed to reduce delays and improve flow by untangling freight and passenger rail lines.
Union Pacific’s profits rose in the second quarter despite a sharp drop in coal traffic.
This week in Borderlands: Evans Transportation launches cross-border service amid trade boom; TexAmericas Center receives Union Pacific “focus site” designation; Chemvest Holdings US acquires Texas rail-served industrial park; and DHL Express expands retail presence in Houston area.
This week in Borderlands: Port of Eagle Pass, Texas, fastest-growing border crossing in the U.S.; Port of Brownsville snags Westa flour mill; Siete Leguas Automotive opens $54M factory in Durango, Mexico; and CBP intercepts $18M worth of meth in shipment of squash.
Union Pacific CEO Jim Vena defended the railroad’s safety record, which recently has come in for criticism from Federal Railroad Administration Chairman Amit Bose.
Union Pacific recently won a state court ruling in a legal battle to close a rail car shop in Palestine, Texas.
A Norfolk Southern train derailed in Pennsylvania on Saturday amid an already heated battle over railroad safety issues. Here’s the latest.
This week in Borderlands: Shifting supply chains boost trade in California-Baja mega-region; Union Pacific opens expanded Phoenix intermodal terminal; Radiant Logistics expands air cargo operations in Texas; and avocado workers in Mexico file labor complaints.
It was a tough earnings report for Norfolk Southern, and a few Wall Street analysts let management know of their disappointment.
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Labor peace was won at what will be higher costs for shippers and carriers.
U.S. Customs and Border Protection has reopened the international border crossings at Eagle Pass and El Paso, Texas, according to the freight railroads affected by the five-day closure.
Union Pacific wants customers to lobby Congress to get U.S. Customs and Border Protection to say when suspended freight rail operations in El Paso and Eagle Pass, Texas, will resume.
U.S. border officials on Monday suspended freight rail operations in El Paso and Eagle Pass, Texas, in response to a surge in migrants in the region.
In this fireside chat, FreightWaves’ chief economist Anthony Smith talks with Union Pacific’s Matt Gloeb about how collaboration between the railroad and truck carriers in the intermodal space can help customers reach sustainability goals.
The Brotherhood of Maintenance of Way – Employes Division is continuing to express its disappointment over planned furloughs at Union Pacific. But UP insists that it will call back furloughed employees as the railway pursues rail service and safety goals.
Union Pacific is seeking to beef up its intermodal offerings via a terminal in Phoenix and the addition of destinations for its on-dock rail service at Port Houston.
A leading industry conference in New York about the state of railroads was unusually positive this year.
Outgoing STB Chair Martin Oberman had harsh words for Union Pacific at the RailTrends conference.
Executives with CSX, Union Pacific and Norfolk Southern at recent investor conferences listed some of the ways they expect to improve rail service.
On his first earnings call as Union Pacific’s CEO, Jim Vena said his goal for the railway is to “win and be the best in the industry.”
Lower revenues dented Union Pacific’s earnings for the third quarter of 2023.
Union Pacific will be offering intermodal service between two cities in Mexico and the U.S. Southeast.
U.S. intermodal volumes actually grew in September, according to the Association of American Railroads. And with the harvest season in full swing in the fourth quarter, expect rising grain volumes.
The Equal Employment Opportunity Commission has filed a lawsuit against Union Pacific in federal court over the dismissal of 21 conductors and locomotive engineers who had failed the railroad’s vision test.
Expanded service offerings, such as a reduction in transit time for the Falcon Premium intermodal service, should help support Union Pacific in the third and fourth quarters, UP leaders said at an investor conference this week.
Union Pacific is asking the Federal Railroad Administration for more details on the safety defects that federal inspectors reportedly found during focused inspections this summer.
Union Pacific plans to respond this week to concerns of Federal Railroad Administration Administrator Amit Bose that the railroad is being cavalier in ensuring its locomotives are safe.
A decline in rail volumes has led Union Pacific to store locomotives — which in turn has led to furloughs of at least 94 employees, according to a union official.
Union Pacific is seeking to bring operations back to normal at two of its California subdivisions that were hit by Tropical Storm Hilary.
Union Pacific’s Mojave and Yuma subdivisions are out of service due to high waters and mud over the tracks caused by Tropical Storm Hilary; electrical outages at some terminals are also impacting operations.
What will Union Pacific look like once incoming CEO Jim Vena assumes the role later this month? That’s the question industry stakeholders have been wondering.
New sick leave agreements and other deals will increase Union Pacific’s labor costs. Investors on UP’s second-quarter 2023 earnings call wanted to know by how much.
