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Union Pacific unveils ESG goals in annual report

Rail News Home Union Pacific Railroad 5/4/2021 Rail News: Union Pacific Railroad
image The 2020 Building America Report is the first to include the company's Fact Book. Photo – up.com

Union Pacific Railroad yesterday published its 2020 Building America Report, the railroad's annual report on its environmental, social and governance (ESG) initiatives.

The report unveils UP's new cumulative ESG strategy called "Building a Sustainable Future 2030," which includes four areas of concentration: investing in the UP workforce, driving sustainable solutions, championing environmental stewardship and strengthening the communities UP serves.

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UP constructing grain transload terminal near Chicago

Rail News Home Union Pacific Railroad 4/30/2021 Rail News: Union Pacific Railroad
image Union Pacific Railroad is building a state-of-the-art grain transload facility within its Global IV intermodal terminal in Joliet, Illinois. The UP Global IV Transload facility will be managed by JCT, a 50-50 joint venture between Consolidated Grain and Barge Co. and Gavilon Grain LLC. Construction began this month and completion is anticipated by fourth-quarter 2021. Once fully operational, the terminal will have the capacity to process 50,000 containers per year, UP officials said in a press release. UP Global IV Transload will be open to all Midwest agricultural producers and processors, expanding connection opportunities to both empty containers and UPs extensive West Coast port terminal network. Regional producers and processors will be able to transport their product by truck to Global IV, where it will be transloaded into containers for shipment by rail to West Coast ports, then loaded onto ocean carriers and shipped to overseas markets. The program will offer greater access to containers for exporters and faster turnaround times for ocean carriers, UP officials said. "This facility will support the regional agriculture economy by providing reduced supply-chain costs and efficient loading support for exporting grain products, whole grains and oilseeds," said Kari Kirchhoefer, UP's vice president of marketing and sales premium. "By co-locating on site at G4, we create greater efficiencies within the supply chain."

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Union Pacific reports lower profit, revenue in Q1

Rail News Home Union Pacific Railroad 4/22/2021 Rail News: Union Pacific Railroad
image Union Pacific Corp. today reported first-quarter 2021 net income of $1.3 billion, or $2 per diluted share, compared with $1.5 billion, or $2.15 per diluted share, during the same period a year ago.The Class I’s operating revenue of $5 billion declined 4% during the quarter. Business volumes, as measured by total revenue carloads, fell 1% compared to Q1 2020 due to declines in industrial and bulk shipments, partially offset by strength in premium carloads.The quarter presented "some real challenges that impacted our results," said Lance Fritz, UP's chairman, president and chief executive officer. "We generated solid productivity through efficient use of our resources despite the significant weather event that covered most of our network in February and early March," Fritz said in a press release. "Looking to the rest of the year, an improving economic outlook, our continued commitment to value based pricing that exceeds inflation and the opportunity for strong productivity give us confidence to affirm our 2021 guidance."UP reported a Q1 operating ratio of 60.1%, up from 59% last year. The increase was attributed to weather and rising fuel prices.Quarterly freight revenue declined 5%, as core pricing gains were more than offset by a less favorable business mix, decreased fuel surcharge revenue and volume declines.Also during the quarter, UP's “service product and lower cost structure” attracted new business and growth opportunities, Fritz said."There are many more growth opportunities to capture by also helping our customers efficiently and reliably reduce the carbon intensity of their supply chains," he said.

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UP to close East Texas rail-car maintenance facility

Rail News Home Union Pacific Railroad 4/19/2021 Rail News: Union Pacific Railroad
image Union Pacific Railroad last week notified employees that it will close a rail-car maintenance facility in Palestine, Texas, with 57 positions to be eliminated in mid-June. "This workforce reduction is the result of operational changes across our system and is part of Union Pacific’s continuous effort to provide competitive rail service to our customers," UP officials said in an emailed statement. While the Class I is closing its main car repair facility in Palestine, limited car repair activities will continue in the Palestine area, they said. "We did not take this step lightly but we are determined to do the right thing for the thousands of customers, employees and communities who rely on us to help build sustainable economic growth across the western two-thirds of the United States," UP officials said. "We appreciate the support we have received over the years in the communities of Palestine and Anderson County, as well as the hard work and dedication of our employees. We are working with those impacted to help them with job placement activities."    

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UP moved record number of wind trains, high-wide loads in 2020

Rail News Home Union Pacific Railroad 4/5/2021 Rail News: Union Pacific Railroad
image UP's clearance team is responsible for measuring and ensuring the safe movement of high-wide loads on bridges.Photo – up.com

Union Pacific Railroad in 2020 moved 404 total wind trains, a record high at more than one per day.

Last year's record broke its previous annual record of 242 wind trains, which was set in 2019, UP reported last week in its InsideTrack newsletter.

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