July 22, 2022 | Headlines, Quarterly Income, UP
(Source: Union Pacific press release, July 21, 2022) OMAHA, Neb. — Union Pacific Corporation today reported 2022 second quarter net income of $1.8 billion, or $2.93 per diluted share. This compares to 2021 second quarter net income of $1.8 billion, or $2.72 per...
July 22, 2022 | Headlines, Quarterly Income, UP
(Source: Associated Press, July 21, 2022) Union Pacific’s second-quarter profit improved a bit, but the railroad’s expenses jumped as it tried to reduce the delivery delays that have left its customers waiting for trains at times. UP said Thursday that its profit grew...
July 22, 2022 | Headlines, PSR, UP
(Source: Trains Magazine, July 21, 2022) With car velocity dropping and inventory climbing earlier this year, Union Pacific engaged in some “difficult conversations” with customers, Eric Gehringer says. The railroad’s executive vice president of operations is well...
July 21, 2022 | BNSF, CSX, Headlines, NS, PSR, Shippers, UP
(Source: Daily Herd Management, July 18, 2022) Rail retains a vital role in the transportation of goods across the U.S., but this year, the 140,000- miles worth of railroad tracks across the country haven’t been immune to the supply chain chaos plaguing U.S....
July 21, 2022 | Headlines, PSR, STB, UP
(Source: Trains Magazine, July 19, 2022) Pressure to reduce terminal dwell figures has prompted some Union Pacific yards to routinely depart trains that include misrouted cars simply to get them moving, a UP engineer alleges in a letter sent to federal regulators....
July 21, 2022 | Headlines, PSR, UP
(Source: Progressive Railroading, July 19, 2022) Union Pacific Railroad is beginning to “strategically and gradually” return some of its rail cars to the network, as the Class I continues to work on improving freight-rail service, a UP executive informed...
July 20, 2022 | BNSF, CSX, Headlines, NS, PSR, UP
(Source: Progressive Railroading, July 16, 2022) Similar to the massive fluctuations in the U.S. stock market over the past few months, there have been colossal highs and lows in the North American intermodal sector of late. The developments impacting Class Is can be...
July 20, 2022 | BNSF, Headlines, Ports, PSR, UP
(Source: Reuters, July 13, 2022) LOS ANGELES — Railroads and importers must remove cargo that is stacking up at the nation’s busiest seaport in Los Angeles to avoid exacerbating supply chain congestion, the port chief said on Wednesday. Full story:...
July 8, 2022 | BNSF, Headlines, PSR, UP
(Source: The Real News Network, July 7, 2022) System shocks, such as the war in Ukraine and a raging pandemic, have provided a ready-made culprit for delays and disruptions all along the U.S. supply chain. Missing from the equation, though, are the rail carriers...
July 8, 2022 | BNSF, Headlines, Ports, PSR, UP
(Source: CNBC, July 8, 2022) Rail congestion from Berkshire Hathaway subsidiary BNSF and Union Pacific, the railroads servicing the West Coast ports, is getting worse and slowing down container processing at the nation’s largest port complex. Sixty percent of all...
