April 27, 2020 | Headlines, UP
(Source: Railway Age, April 24, 2020) NEW YORK — Union Pacific reported an all-time best operating ratio of 59% in 2020’s first quarter, based on net income of $1.5 billion, or $2.15 per diluted share. This compares to $1.4 billion, or $1.93 per diluted share, in...
April 24, 2020 | Headlines, Railroad Retirement
(BLET Editor’s Note: The following is a message to Rail Labor from John Bragg, Labor Member of the Railroad Retirement Board.) CHICAGO, April 16 — It has been a couple of weeks since my last update, and while things are settling down somewhat, there are a couple of...
April 24, 2020 | Headlines, Teamsters
(Source: International Brotherhood of Teamsters press release, April 23, 2020) WASHINGTON, D.C. — Amid the COVID-19 pandemic that has spread and intensified across the United States in the last few weeks, hospital workers say that they are still being forced to ration...
April 24, 2020 | CSX, Headlines
(Source: Freight Waves, April 23, 2020) CHATTANOOGA, Tenn. — CSX is seeking areas where it can cut even more costs as a way to counter the anticipated downturn in rail volumes in the second quarter due to the COVID-19 pandemic, according to executives speaking during...
April 24, 2020 | Headlines, UP
(Source: Freight Waves, April 23, 2020) CHATTANOOGA, Tenn. — Union Pacific has a number of cost-cutting measures it can deploy to counter an anticipated 25% reduction in rail volumes in the second quarter, but how that volume reduction will affect its operating ratio...
