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UP, National Park Foundation extend partnership

Rail News Home Union Pacific Railroad 2/19/2021 Rail News: Union Pacific Railroad
image NPF is making educational experiences in parks more accessible.Photo – NPS Photo / Kayla McCraren

Union Pacific Railroad and the National Park Foundation (NPF) and announced a continuation and expansion of their partnership to help connect students to national parks.

This commitment advances NPF's goal to double the reach of its Open OutDoors for Kids (OOK) program over the next four years, according to a news release.

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UP engineers create controlled avalanche at Donner Pass

Rail News Home Union Pacific Railroad 2/4/2021 Rail News: Union Pacific Railroad
image The equipment — called the avalauncher — releases two pounds of explosives at the mountain to create a controlled avalanche.Photo – up.com

Union Pacific Railroad engineers in the Roseville Subdivision one-upped Mother Nature at California's Donner Pass by creating a controlled avalanche before she brings the snow crashing down, according to an article on the Union Pacific’s Inside Track website.

The equipment — called the avalauncher — releases two pounds of explosives at the mountain to create a controlled avalanche.

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Manufacturing Institute announces Union Pacific partnership focused on women and youth workforce

Rail News Home Union Pacific Railroad 2/2/2021 Rail News: Union Pacific Railroad
The Manufacturing Institute (MI), the workforce development and education partner of the National Association of Manufacturers, recently announced a three-year partnership with Union Pacific Railroad to shrink the workforce gender gap by encouraging more women and young people to pursue modern industry careers. The $3 million grant from Union Pacific will fund a new initiative called Careers on Track. The initiative will support workforce development and career solutions for women and will include creating a digital STEM curriculum, a virtual 3D-mapping STEM experience and a STEM micro-grant program for women. The Institute will also leverage existing programs, such as Heroes MAKE America, the STEP Women's Initiative and its youth engagement platform, to launch a digital campaign to bring awareness to the workforce gender gap and inspire the next generation of workers. "There are nearly 500,000 job openings right now in manufacturing and millions more expected over the next decade, and closing the gender gap is a critical part of meeting this incredible need. That's why we are excited to work with a partner like Union Pacific that shares our vision of supporting the women's workforce of tomorrow while advancing the women's workforce of today," said MI Executive Director Carolyn Lee.  

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UP posts Q4 2020 results, increases capex for 2021

Rail News Home Union Pacific Railroad 1/21/2021 Rail News: Union Pacific Railroad
image Union Pacific Corp. today reported fourth-quarter 2020 net income of $1.38 billion, or $2.05 per diluted share, near the previous year's Q4 results of $1.4 billion, or $2.02 per diluted share. The Q4 2020 results include a previously announced $278 million pre-tax, non-cash impairment charge. Without that charge, the Class I's adjusted income was $1.6 billion, or $2.36 per diluted share. "These outstanding results demonstrate the true potential of our franchise as we leveraged all three profitability drivers simultaneously — volume growth, productivity and pricing — to produce record fourth-quarter results," said UP Chairman, President and Chief Executive Officer Lance Fritz in a press release. UP's operating revenue declined 1% to $5.1 billion in the quarter compared with the same period in 2019. Business volumes, as measured by total revenue carloads, climbed 3%. Premium volumes rose, while bulk was flat and industrial traffic declined, UP officials said. In addition, quarterly freight revenue fell 1%, as volume growth and core pricing gains were offset by decreased fuel surcharge revenue and a less favorable business mix. UP reported a 61% operating ratio for the quarter compared with 59.7% in Q4 2019. When adjusted for the impairment charge, the Class I's operating ratio was 55.6% — an all-time quarterly record. "While the economic outlook for 2021 remains uncertain, we will build off our solid 2020 performance to produce continued strong productivity through operational excellence," said Fritz. "We expect our enhanced service product will support both solid core pricing gains while also increasing our share of the freight transportation market." Also today, UP reported it plans to spend $2.9 billion on capital expenditures this year, up from $2.8 billion in 2020. The 2021 capital plan includes $1.8 million for infrastructure improvements; $255 million for locomotives and equipment; $535 million for capacity/commercial facilities; $235 million for technology; and $80 million for positive train control/energy management systems.

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UP to open Twin Cities intermodal terminal

Rail News Home Union Pacific Railroad 11/23/2020 Rail News: Union Pacific Railroad
image The new service will feature domestic intermodal movements between Minneapolis/St. Paul and Los Angeles.Photo – up.com

Union Pacific Railroad last week announced the opening of a Twin Cities intermodal terminal, which will launch intermodal service to Minneapolis in January 2021.

The new service will feature domestic intermodal movements between Minneapolis/St. Paul and Los Angeles, UP officials said in a press release.

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