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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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UP to pay pandemic bonus to agreement employees

Rail News Home Union Pacific Railroad 11/11/2020 Rail News: Union Pacific Railroad
image "The pivotal role these essential employees play delivering critical supplies and keeping the economy open cannot be emphasized enough," said UP Chairman, President and Chief Executive Officer Lance Fritz.Photo – up.com

Union Pacific Railroad yesterday announced agreement employees who worked at least 30 days during the pandemic will receive a one-time $1,000 gross bonus payment in December.

Pending union approval, all current agreement employees — including those furloughed — who worked at least 30 days between March 1 and Nov. 30 will be eligible to receive the bonus. The days worked do not need to be consecutive, UP officials said in a press release.

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UP revenue, earnings fall in Q3, but operating ratio improves

Union Pacific Railroad today reported third-quarter 2020 net income decreased 12% to $1.4 billion, or $2.01 per diluted share, from $1.6 billion, or $2.22 per diluted share, in the same quarter last year.

Operating revenue in the quarter fell 11% to $4.9 billion from a year ago. Third-quarter business volumes, as measured by total revenue carloads, decreased 4%. Premium volumes increased compared to Q3 2019, while industrial and bulk declined, UP officials said in a press release.

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UP named top ‘military-friendly’ employer

Rail News Home Union Pacific Railroad 9/29/2020 Rail News: Union Pacific Railroad
image More than 17 percent of Union Pacific employees have military backgrounds.Photo – UP

Union Pacific Railroad was designated the top “Military Friendly Employer” in the transportation industry for 2021 and ranked No. 7 overall by Viqtory Media, publisher of G.I. Jobs magazine.

More than 17 percent of UP employees, or 6,300, are veterans and active-service military members. 

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UP, CEMEX agree to transport liquid carbon dioxide from Texas port

Rail News Home Union Pacific Railroad 9/25/2020 Rail News: Union Pacific Railroad
image Port Freeport yesterday announced a new operational agreement between CEMEX Inc. and Union Pacific Railroad to transport liquid carbon dioxide from Freeport, Texas, to Mexico. CEMEX transloads the liquid carbon dioxide from tank trucks into rail cars while UP arranges the transport of the loaded cars to their destination in Mexico, port officials said in a press release. The liquid carbon dioxide is used in various applications, including the manufacturing of carbonated beverages. "The collaboration between CEMEX, Union Pacific and Port Freeport opens the door for additional opportunities for economic growth in our region and beyond," said Port Commission Chairman Shane Pirtle. The port's recent investment in rail infrastructure has garnered the attention of many multinational companies, said Port Executive and Chief Executive Officer Phyllis Saathoff said. Port Freeport is a leading port in the export of crude oil and natural gas liquids, port officials said.

Contact Progressive Railroading editorial staff.

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