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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...

Supply-chain backlogs turn Chicago into chokepoint

(Source: Hellenic Shipping News, July 26, 2021) NEW YORK — Chicago is emerging as a new bottleneck in the global supply chain as rail, trucking and logistics operators struggle with a glut of imports from Asia reaching the Midwestern freight hub. Full story: Hellenic...

UP reports Q2 2021 results

(Source: Union Pacific press release, July 22, 2021) OMAHA, Neb. — Union Pacific Corporation today reported 2021 second quarter net income of $1.8 billion, or $2.72 per diluted share. This compares to $1.1 billion, or $1.67 per diluted share, in the second quarter...