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Rail Industry News

Union Pacific CEO to take medical leave of absence

(Source: Union Pacific press release, March 2, 2012) OMAHA, Neb. — Union Pacific Corporation announced today that its Chairman, President and Chief Executive Officer James R. Young will take a medical leave of absence from his responsibilities as President and Chief...

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Stock glance: Railroad companies mixed

(Source: Associated Press, February 29, 2012) NEW YORK — Shares of some top railroad companies were mixed at the close of trading on February 29, including CSX, which fell 2.4 percent, and Canadian Pacific, which rose 0.7 percent. Full story: CNBC

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Buffett poised to win wager on America with BNSF

(Source: Bloomberg News, February 29, 2012) NEW YORK — When Warren Buffett bought North America’s second-biggest railroad, he called it an “all-in wager” on the U.S. economy. It’s turning out to be a pretty good bet on the oil industry, too. Full story: Bloomberg...

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