Railroad News

UP produces 'record' quarterly results

Rail News Home Union Pacific Railroad 7/22/2021 Rail News: Union Pacific Railroad
image Union Pacific Railroad today reported 2021 second-quarter net income of $1.8 billion, or $2.72 per diluted share, compared to $1.1 billion, or $1.67 per diluted share, a year ago. The Class I leveraged volume growth, core pricing gains and productivity to produce record quarterly results, UP Chairman, President and Chief Executive Officer Lance Fritz said in a press release. Compared with Q2 2020 results, UP's operating revenue of $5.5 billion jumped 30%; business volumes, as measured by total revenue carloads, at 2 million units climbed 22%; and operating income of $2.5 billion soared 50%. UP's operating ratio improved to 55.1% during the quarter from 61% a year ago. Higher fuel prices negatively impacted the operating ratio by 210 basis points, UP officials said. Also during Q2, UP’s freight car velocity was 213 daily miles per car, a 6% decline; locomotive productivity was 140 gross ton-miles per horsepower day, a 3% improvement; average maximum train length was 9,410 feet, a 9% increase; and fuel consumption rate (measured in gallons of fuel per thousand gross ton-miles) improved 3%. "Importantly, these strong results were achieved in a challenging environment as our rail network continues to be impacted by supply chain disruptions, particularly in the intermodal space," said Fritz. "As we move into the second half of 2021, we will continue working with our customers and the broader supply chain to increase fluidity and efficiently handle the strong demand for freight transportation."

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UP tank cars assist lava fire fight

Rail News Home Union Pacific Railroad 7/13/2021 Rail News: Union Pacific Railroad
image Beginning June 29, Union Pacific used its water tank train to help fight a lava fire in Northern California. Photo – up.com

A Union Pacific Railroad firefighting crew with water tank cars from the Class I's fleet helped fight a lava fire in Northern California in late June, according to an article on UP's website.

UP operates a fleet of about 50 water tank cars known as the fire-car fleet. The former tank cars were converted into water pump cars and can hold 7,000 to 23,000 gallons of water. They feature nozzles that can spray water more than 75 feet.

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UP announces DEI giving goals

Rail News Home Union Pacific Railroad 6/18/2021 Rail News: Union Pacific Railroad
image Union Pacific Railroad yesterday announced new diversity, equity and inclusion (DEI) giving goals, as well as a summer tour that features a new commemorative locomotive dedicated to diversity. UP believes DEI principles are critical to its success. As a result, UP officials are asking every program or organization that it supports financially through its Community Ties Giving Program to demonstrate a commitment to DEI principles by 2023, company officials said in a press release. The company views its goal of reaching 100% of DEI-aligned grants as a multiyear effort. Meanwhile, UP's new "We are One" tour will begin tomorrow, Juneteenth Day, which commemorates the end of slavery in the United States. The brightly colored locomotive will start its 2021 journey in Houston, Texas. UP No. 1979 is only Union Pacific's 18th commemorative locomotive. It honors the company's nine employee resource groups (ERGs) and the work they do to support DEI. The unit commemorates the year UP's first ERG ‚ the Black Employee Network, was established in 1979.

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UP service unit cuts reportable injuries by 25%

Rail News Home Union Pacific Railroad 6/9/2021 Rail News: Union Pacific Railroad
image Yardmen Marty Kern and Chris Tompkins Photo – up.com

Union Pacific Railroad's Heartland Service Unit has reduced its personal reportable injuries by 25% and human factor-derailments by 58% so far in 2021.

One of the unit's initiatives, called "Walk-with-Me Wednesdays," engages directly with train crews, UP officials said in an item posted on the Class I's InsideTrack web page. Each Wednesday, supervisors walk around the yard with two employees and show them how safe and reliable service impacts customers.

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'We Are ONE' commemorative locomotive debuts

Rail News Home Union Pacific Railroad 5/28/2021 Rail News: Union Pacific Railroad
image UP No. 1979 is named after the year the Class I launched its first ERG, the Black Employee Network. Photo – up.com

Union Pacific Railroad's "We Are ONE" Employee Resource Group (ERG) commemorative locomotive is ready to hit the tracks. UP No. 1979 is named after the year in which the Class I established its first ERG, the Black Employee Network (BEN).

The locomotive will travel through UP's system on its way to the ONE ERG conference to be held in Omaha Sept. 1-2. Its unveiling will be held in Houston in honor of Juneteenth day, the holiday marking the end of slavery in the United States.

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