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...
April 23, 2020 | Headlines, UP
(Source: Sandusky Register, April 21, 2020) PERKINS TWP., Ohio — Kevin Jaycox has a message for Ohioans clamoring for a return to normalcy amid the coronavirus outbreak: Pump the brakes. Jaycox has worked in eight states since November and has been quarantined twice....
April 23, 2020 | Headlines, Quarterly Income, UP
(Source: Freight Waves, April 23, 2020) CHATTANOOGA, Tenn. — Union Pacific’s net profits for the first quarter rose 7%, with the company reaching a record operating ratio (OR) despite lower revenues. Union Pacific (UP) announced its first-quarter 2020 net income was...
