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Oct
03

Port of Oakland OKs rail spur project

Rail News Home Union Pacific Railroad 10/3/2017 Rail News: Union Pacific Railroad
Cool Port is a 280,000-square-foot distribution center now under construction on 25 acres of Port of Oakland propertyPhoto – Port of Oakland

Port of Oakland Commissioners last week approved an $11 million rail-spur project that would connect Union Pacific Railroad tracks with Cool Port.

Cool Port is a 280,000-square-foot distribution center now under construction on 25 acres of Port of Oakland property. BNSF Railway Co. also will have access. 

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Sep
19

UP streamlines six business units, merges four subsidiaries

Union Pacific Railroad is consolidating six major business units and four subsidiaries as part of a restructuring of its marketing and sales organization to address "evolving customer needs," the Class I announced late last week.

The business units are being consolidated into four: agricultural products, energy, industrial and premium.

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Sep
07

Hurricane Harvey: UP earnings to take a hit; BNSF restoring service

Union Pacific Railroad expects lost business during Hurricane Harvey and costs associated with storm cleanup to reduce third-quarter earnings by 5 cents a share, the company's top executive said yesterday.

UP Chairman, President and Chief Executive Officer Lance Fritz told the news agency Reuters that pent-up demand from manufacturers in the Houston area and recovery efforts should help boost the railroad's fourth-quarter.

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Aug
17

UP to lay off hundreds of managers, other rail workers

Rail News Home Union Pacific Railroad 8/17/2017 Rail News: Union Pacific Railroad
Union Pacific Railroad yesterday announced it will eliminate 500 management positions by mid-September as part of a cost-cutting measure.The Class I also intends to reduce 250 non-management positions during the same time period, UP officials said in an email. "Union Pacific for some time has leveraged employee attrition and technology to reduce general and administrative costs," said Chairman, President and Chief Executive Officer Lance Fritz. "Unfortunately, attrition alone will not keep pace with our need and ability to reduce these costs."The move will save about $110 million annually and eliminate 8 percent of UP's managers, the Associated Press reported yesterday.

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Aug
14

UP urges eclipse viewers to stay off rail property

Union Pacific Railroad has no plans to alter operations on train schedules for Aug. 21, the day of a solar eclipse. As a result, the Class I has issued a safety warning to eclipse viewers to avoid railroad property.

The Class I, which has many miles of rail lines within the eclipse's viewing path, specifically asked eclipse viewers not to walk on or alongside rail tracks or congregate near tracks, and to cross only at designated railroad crossings.

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Aug
04

Solaris inks seven-year transloading agreement

Rail News Home Union Pacific Railroad 8/4/2017 Rail News: Union Pacific Railroad
Under the pact, an operator will provide minimum quarterly proppant volumes through a new UP-served facility in Oklahoma.Photo – Solaris Oilfield Infrastructure's website

Solaris Oilfield Infrastructure Inc. on Wednesday announced a new seven-year transloading agreement with an exploration and production operator in the Sooner Trend Anadarko Basin Canadian and Kingfisher Counties (STACK) oil play in Oklahoma.

Under the agreement, the operator will provide minimum quarterly proppant volumes through a new facility that Solaris is developing in Kingfisher, Oklahoma.

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Jul
27

Union Pacific elects Patel to board of directors

Union Pacific Corp. announced yesterday that Bhavesh "Bob" Patel has been elected to the company's board.

Patel is chief executive officer and chairman of the management board of LyondellBasell Industries, one of the world's largest plastics, chemicals and refining companies.

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Jul
20

Union Pacific's Q2 net income soars 19 percent

Union Pacific Railroad reported second-quarter net income jumped 19 percent to nearly $1.2 billion, or a Q2 record of $1.45 per share, from $979 million, or $1.17 per share, in the same quarter last year.

Total operating revenue for the quarter climbed 10 percent to $5.25 billion from $4.77 billion, while freight revenue increased 11 percent to $4.9 billion from $4.4 billion a year ago, the Class I announced today in a press release.

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Jul
13

UP consolidates management at Council Bluffs Service Unit

Rail News Home Union Pacific Railroad 7/13/2017 Rail News: Union Pacific Railroad
Union Pacific Railroad on Tuesday announced it's consolidating management of the Council Bluffs Service Unit with the Twin Cities, North Platte and Chicago service units, effective July 15.Five management positions in the Council Bluffs unit will be reassigned to other locations as the railroad continues aligning operations to meet customer demands amid marketplace shifts, UP officials said in a press release.Transportation, engineering, mechanical, maintenance and other operations in the Council Bluffs unit will remain in place, they said. The unit manages about 600 miles of track in Iowa and Nebraska.

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Jun
27

UP honors customers for safe chemical transportation

Rail News Home Union Pacific Railroad 6/27/2017 Rail News: Union Pacific Railroad
Union Pacific Railroad has recognized 56 companies with the Class I's Pinnacle Award for their commitment to safe transportation of chemical products.The annual award honors UP customers for implementing protocols to prevent the release of chemical materials, and for having corrective action plans and zero non-accident releases (NARs) of regulated hazardous materials shipments.Criteria for the award include safe-loading techniques, shipment securement and zero NARs.Hazardous material NARs declined more than 20 percent on UP's network from 2015 to 2016, according to a UP press release.This year's Pinnacle Award winners can be viewed here.

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Jun
26

UP budgets $2.5 million for Wisconsin projects

Rail News Home Union Pacific Railroad 6/26/2017 Rail News: Union Pacific Railroad
Union Pacific Railroad will spend $2.5 million this year on infrastructure projects in Wisconsin.Planned capital expenditures include $265,000 to maintain track and $2 million to maintain bridges in the state, according to a UP press release.Key investments will include $721,000 to install a new bridge near Lowell, and $500,000 to install a new bridge near the village of Wilson.This year's expenditure in Wisconsin is part of UP's ongoing infrastructure investment strategy. From 2012 to 2016, UP spent more than $75 million to strengthen its transportation infrastructure in the state.

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Jun
22

UP to spend $5 million on infrastructure in Washington

Rail News Home Union Pacific Railroad 6/22/2017 Rail News: Union Pacific Railroad
Union Pacific Railroad has budgeted $5.1 million this year for infrastructure projects in the state of Washington.Projects planned include $3.5 million to clean and replace ballast under the rail line along the Ayer Subdivision south of Hooper, and more than $500,000 to replace a section of curve rail on the line north of Wallula.This year's planned capital expenditure in Washington is part of UP's ongoing investment strategy. From 2012 to 2016, the Class I spent more than $45 million strengthening Washington's transportation infrastructure.UP has budgeted $3.1 billion on capital expenditures across its network this year.

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Jun
16

UP maps infrastructure projects in Minnesota

Union Pacific Railroad announced plans for $14 million worth of infrastructure projects this year in Minnesota.

The funds cover track and bridge maintenance and signal projects in the state.

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Jun
14

UP announces capex plans for New Mexico

Rail News Home Union Pacific Railroad 6/14/2017 Rail News: Union Pacific Railroad
Union Pacific Railroad's 2017 capital expenditures plan includes $23 million worth of infrastructure projects in New Mexico, the Class I announced Monday.Investments include $22 million to maintain track and $1 million in other improvements across the state, according to a UP press release.Projects include $14 million to replace 116,318 ties and install 55,470 tons of ballast on the line between Carrizozo and Fort Bliss; and $1.6 million to replace 10,615 ties and install 3,000 tons of ballast on the line across Lordsburg."Union Pacific's targeted investments fund projects that strengthen our railroad tracks, increase safety and minimize delays as trains travel through communities across New Mexico," said Brenda Mainwaring, vice president-public affairs.From 2012 to 2016, UP spent more than $105 million on infrastructure projects in New Mexico. The Class I plans to spend $3.1 billion across its network this year.

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Jun
12

UP announces $68 million in capex projects for Iowa

Rail News Home Union Pacific Railroad 6/12/2017 Rail News: Union Pacific Railroad
Union Pacific Railroad late last week unveiled a $68 million plan for infrastructure projects in Iowa this year.The projects range from $55 million to maintain track and $10 million to maintain bridges in the state, according to a UP press release.Among the key projects are $5 million to replace 25 miles of rail on the UP line between Garden City and Bradford and $10 million to replace the bridge over Abbe Creek in Bertram.Iowa is the latest of UP's state-by-state announcements for capital expenditure plans this year. From 2012 to 2016, UP spent more than $330 million to improve Iowa's transportation infrastructure.

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Jun
09

UP schedules $24 million in capex plans for Arizona

In its latest state-to-state announcements of capital expenditure plans, Union Pacific Railroad revealed yesterday it will invest $24 million in projects to improve its infrastructure in Arizona.

The Class I's plans will include $21 million worth of track projects and $2 million worth of bridge projects.

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Jun
07

UP plans $70 million in projects for Colorado, Idaho

Union Pacific Railroad announced capital expenditure plans for rail infrastructure in Idaho and Colorado this year.

In Colorado, UP will spend $36 million on track and bridge work.

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Jun
02

Union Pacific reports sustainability progress in 2016

Union Pacific Corp. yesterday published its 2016 "Building America Report," which details the Class I's safety, social, economic and environmental progress.

The publication marks the eighth consecutive year that UP has reported its sustainability business practices and goals.

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May
31

UP to spend $85 million on Illinois infrastructure

Rail News Home Union Pacific Railroad 5/31/2017 Rail News: Union Pacific Railroad
Union Pacific Railroad will pursue $85 million worth of infrastructure projects in Illinois this year.The Class I's plan includes $70 million to maintain railroad track and $10 million to maintain bridges, according to a UP press release.Key projects include $6 million to replace 16 miles of rail on the line between Elburn and Fulton, and $7 million to replace 59,594 ties and install 27,497 tons of ballast on the line between East St. Louis and Chester.This year's planned $85 million capital expenditure in Illinois is part of an ongoing investment strategy, UP officials said. From 2012 to 2016, UP spent more than $566 million on infrastructure in the state.UP plans to spend $3.1 billion on capital expenditures across its network in 2017.

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May
25

UP budgets $49 million for Missouri rail improvements

Rail News Home Union Pacific Railroad 5/25/2017 Rail News: Union Pacific Railroad
Union Pacific Railroad yesterday outlined a plan to invest $49 million in its Missouri infrastructure this year. The Class I expects to spend $43 million for track maintenance and $3 million for bridge maintenance in the state, UP officials said in a press release. One key project involves replacing 92,174 ties and installing 34,481 tons of ballast on the rail line between Labadie and Chamois. That work is slated to cost $12 million.Another critical project calls for replacing 57,489 ties and installing 42,462 tons of ballast on track between Mineral Point and Annapolis. The planned projects in Missouri are the latest to be unveiled as part of UP's state-by-state capex announcements. Contact Progressive Railroading editorial staff. More News from 5/25/2017

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