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UP to STB: “Clearing our network will take some time”

(Source: Railway Age, August 11, 2021) NEW YORK — Union Pacific Chairman, President and CEO Lance Fritz on Aug. 5 responded to Surface Transportation Board Chairman Marty Oberman’s July 22 letter to Class I railroad CEOs requesting information on the extent of...

Funds aid in Palenstine’s Union Pacific legal battle

(Source: Palestine Herald-Press, August 6, 2021) PALESTINE, Texas — The Anderson County Commissioners Court accepted a donation of $14,500 from a “Go-Fund Me” group to help with its ongoing legal battle to keep Union Pacific Railroad in Palestine. A court date for a...

Union Pacific discloses $7 billion for “share repurchases”

(Source: American Journal of Transportation, August 2, 2021) NEW YORK — Under fire from importers and exporters for service cutbacks and from rail employees for lay-offs and followed by a seven-day rail service suspension from West Coast ports in July, Union Pacific...