May 4, 2020 | Headlines, UP
(Source: My Leader Paper, May 1, 2020) FESTUS, Mo. — The Union Pacific railroad car shops in De Soto, one of the oldest and largest employers in Jefferson County, informed its hundreds of employees Thursday afternoon (April 30) that they were being laid off, effective...
May 1, 2020 | Headlines, UP
(Source: Northwest Arkansas Democrat Gazette, May 1, 2020) NORTH LITTLE ROCK, Ark. — Most of the employees at a Union Pacific facility in North Little Rock that maintains and refurbishes the railroad’s locomotives are being furloughed as a result of what a...
April 30, 2020 | Headlines, UP
(Source: Union Pacific press release, April 29, 2020) OMAHA, Neb. — To protect the health and safety of its shareholders, employees and other stakeholders during the coronavirus pandemic, Union Pacific Corporation (NYSE: UNP) today announced that its 2020 Annual...
April 27, 2020 | Headlines, UP
(Source: Railway Age, April 21, 2020) NEW YORK — Every Union Pacific non-agreement employee has been hit with a RULA—“Required Unpaid Leave of Absence”—consisting of one week of unpaid leave during May, June, July and August; executives and board members will take a...
April 27, 2020 | Headlines, UP
(Source: Reuters, April 23, 2020) NEW YORK — U.S. railroad operator Union Pacific Corp. topped Wall Street estimates for quarterly profit on Thursday, but withdrew its full-year operating ratio and volume forecasts as business shutdowns triggered by the coronavirus...
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, 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...
April 24, 2020 | Headlines, UP
(Source: Progressive Railroading, April 22, 2020) Union Pacific Railroad today posted first-quarter net income of $1.5 billion, or $2.15 per diluted share, compared to $1.4 billion, or $1.93 per diluted share, a year ago. UP officials project second-quarter carload...
April 24, 2020 | Headlines, UP
(Source: Progressive Railroading, April 22, 2020) Union Pacific Corp.’s senior executives will take a 25 percent salary cut and nonunion workers will be required to take unpaid leave, as the Class I responds to a drop in volume due to the COVID-19 pandemic, Dow...
April 23, 2020 | Headlines, UP
(Source: Television station KSL TV, April 21, 2020) SALT LAKE CITY, Utah — If a railroad locomotive is an iron horse, then a vast herd has been put out to pasture in Salt Lake City. They’re lined up, nose to tail, waiting to go nowhere — at least for now. By some...
