January 25, 2023 | Headlines, UP
(Source: Union Pacific press release, January 24, 2023) OMAHA, Neb. — Union Pacific Corporation today reported 2022 fourth quarter net income of $1.6 billion, or $2.67 per diluted share. This compares to 2021 fourth quarter net income of $1.7 billion, or $2.66 per...
January 25, 2023 | Headlines, Quarterly Income, UP
(Source: Associated Press, January 24, 2023) Union Pacific’s fourth-quarter profit slipped 4% as severe winter weather snarled shipments in late December and the railroad continued to struggle to improve its operations enough to handle all the cargo businesses want to...
January 25, 2023 | Headlines, PSR, Unions, UP
(Source: Trains Magazine, January 23, 2023) Union Pacific has asked the Federal Railroad Administration for permission to temporarily deactivate the centralized traffic control on a 13.4-mile section of its Winnemucca Subdivision in Nevada, saying that windblown sand...
January 23, 2023 | BNSF, Derailment, Headlines, UP
(Source: Trains Magazine, January 22, 2023) The Union Pacific main line over Tehachapi pass reopened late Saturday following the derailment of a train earlier in the day, BNSF reports in a customer notification on its website. The train involved was apparently a Union...
January 23, 2023 | Headlines, PSR, STB, UP
(Source: Freight Waves, January 21, 2023) Eight members of Congress representing districts in Iowa, Minnesota and Wisconsin want the Surface Transportation Board to compel Union Pacific to lift weather-related embargoes in their states. Full story: Freight...
January 23, 2023 | Headlines, PSR, STB, UP
(Source: Supply Chain Dive, January 20, 2023) Federal regulators will closely monitor railroads’ use of embargoes following uproar over a major carrier’s move to limit traffic in the upper Midwest. Surface Transportation Board Chairman Marty Oberman said Thursday that...
January 23, 2023 | Headlines, PSR, STB, UP
(Source: Railway Age, January 20, 2023) The Surface Transportation Board (STB) on Jan. 20 denied Union Pacific’s (UP) motion for a protective order regarding documents requested at a hearing on the railroad’s institution of embargoes. Full story: Railway...
January 18, 2023 | BNSF, CSX, Headlines, NS, Ports, PSR, Shippers, UP
(Source: Freight Waves, January 16, 2023) The near-term future of freight rail might be one marked by collaboration, whether that’s through private or public partnerships among other supply chain stakeholders or between the railroads themselves as they compete against...
January 17, 2023 | Derailment, Headlines, UP
(Source: Plumas News, January 16, 2023) A Union Pacific train derailed in the Feather River Canyon over the holiday weekend, but the remote area and the Highway 70 closure, is making it difficult to access. According to Plumas County’s Office of Emergency Services,...
January 17, 2023 | Headlines, PSR, Shippers, STB, UP
(Source: Bloomberg News, January 16, 2023) Union Pacific Corp and poultry producer Foster Farms say enough corn shipments have been made to replenish feed stocks after delayed trains in recent months caused inventories to drop to critical levels. Full story: The...
