Railroad News

Union Pacific issues latest Climate Action Plan

Rail News Home Union Pacific Railroad 11/16/2022 Rail News: Union Pacific Railroad
image Union Pacific Railroad yesterday released its second comprehensive Climate Action Plan, highlighting steps the Class I has taken to address climate change while outlining long-term strategies to reduce greenhouse-gas (GHG) emissions and achieve net zero by 2050. Since the publication of its first Climate Action Plan in 2021, UP’s steps to reduce its environmental impact have included increasing the use of low-carbon fuels and reducing fuel consumption by more than 11 million gallons in 2021 compared with 2020. UP also reaffirmed its commitment to reach net zero GHG emissions. Last month, the Class I joined the Business Ambition for 1.5°C, an alliance of more than 3,000 companies pledged to taking action to limit the rising global average temperature to 1.5°C. Earlier this year, UP also conducted an extensive climate scenario analysis to better understand the hypothetical impacts of climate change on its operations, infrastructure, supply chains and customers under both high- and low-carbon future scenarios. The analysis is being used to evaluate and develop potential strategies that address future risks and opportunities arising from climate change, UP officials said in a press release. The 2022 Climate Action Plan can be read here.

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UP to add environmental sustainability to giving program

Rail News Home Union Pacific Railroad 11/11/2022 Rail News: Union Pacific Railroad
image The Class I will partner with The Nature Conservancy to advance environmental sustainability initiatives. Photo – Union Pacific Railroad

Union Pacific Railroad yesterday added environmental sustainability as a pillar of its Community Ties Giving Program, which is the Class I's philanthropic arm.

The railroad will work with The Nature Conservancy (TNC), a non-profit organization dedicated to conserving land and water, to advance environmental sustainability initiatives over the next three years, UP officials said in a press release.

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UP opens grain transload terminal at Chicago-area intermodal hub

Rail News Home Union Pacific Railroad 11/3/2022 Rail News: Union Pacific Railroad
image The Joilet terminal initially will be used to transload soybeans and distiller’s dried grains. Photo – Union Pacific Railroad

Union Pacific Railroad late last month announced a new grain transload facility at its Global 4 intermodal terminal in Joliet, Illinois, now is open.

UP officials believe the state-of-the-art facility will help reduce supply-chain costs for agricultural producers and processors. The transload terninal is managed by JCT, a 50/50 joint venture between Consolidated Grain and Barge Co. and Gavilon Grain LLC.

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Union Pacific logs record results in Q3

Union Pacific Railroad reported its third-quarter 2022 net income rose 13% to $1.9 billion, or $3.05 per diluted share, from $1.7 billion, or $2.57 per diluted share, in the same quarter a year ago.

The results included a $114 million charge for a change to prior period accounting estimates related to new, tentative and ratified labor agreements. Excluding the effects of that charge, adjusted Q3 net income was $2.0 billion, or $3.19 per diluted share.

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UP adds to its electric vehicle fleet

Rail News Home Union Pacific Railroad 10/5/2022 Rail News: Union Pacific Railroad
image Over the next six months, 50 electric Ford Lightning pickups and 17 Ford Mustang Mach-Es will be delivered to select field locations across the railroad's 23-state network. Photo – up.com

Union Pacific Railroad is adding dozens of electric vehicles to its systemwide fleet as part of its climate action goal to reduce greenhouse-gas emissions (GHG).

Over the next six months, 50 electric Ford Lightning pickups and 17 Ford Mustang Mach-Es will be delivered to select field locations across the railroad's 23-state network, UP announced in its Inside Track newsletter. 

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