
Contact Progressive Railroading editorial staff.
More News from 1/21/2021
Copyright
© © Trade Press Media Group, Inc.
Contact Progressive Railroading editorial staff.
© © Trade Press Media Group, Inc.
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.
© © Trade Press Media Group, Inc.
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.
© © Trade Press Media Group, Inc.
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.
© © Trade Press Media Group, Inc.
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.
© © Trade Press Media Group, Inc.