(Source: S&P Global Platts, April 21, 2022)
HOUSTON — Union Pacific and other major railroads said they are acting aggressively to solve their workforce woes and operations inefficiencies to move more petroleum, coal, agriculture and other products amid growing customer complaints and federal regulatory scrutiny. “We thought that our hiring pipeline had been charged up heading into 2022,” Union Pacific CEO Lance Fritz said during an earnings call April 21. “What happened was we were more fragile than we’d given ourselves credit for. Shame on us. We did not have the crew availability for when something went wrong.”
Full story: S&P Global Platts