Railroad News

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.

...

Copyright

© © Trade Press Media Group, Inc.

Continue reading
12 Hits

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."

Copyright

© © Trade Press Media Group, Inc.

Continue reading
13 Hits

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.

Contact Progressive Railroading editorial staff.

More News from 4/22/2021


Copyright

© © Trade Press Media Group, Inc.

Continue reading
14 Hits

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."    

Contact Progressive Railroading editorial staff.

More News from 4/19/2021


Copyright

© © Trade Press Media Group, Inc.

Continue reading
17 Hits

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.

...

Copyright

© © Trade Press Media Group, Inc.

Continue reading
26 Hits

UP named top ‘military-friendly’ employer

Rail News Home Union Pacific Railroad 9/29/2020 Rail News: Union Pacific Railroad
image More than 17 percent of Union Pacific employees have military backgrounds.Photo – UP

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. 

...

Copyright

© © Trade Press Media Group, Inc.

Continue reading
104 Hits

UP awards millions in grants to pandemic-related efforts

Rail News Home Union Pacific Railroad 9/18/2020 Rail News: Union Pacific Railroad
image UP SVP and Chief Administrative Officer Scott Moore is president of the Union Pacific Foundation.Photo – up.com

Union Pacific Railroad's Community Ties Giving Program has awarded $10.2 million in local grants to more than 930 nonprofit organizations across the Class I's 23-state system.

Traditionally, UP awards grants in the company's three philanthropic priorities: safety, workforce development and community spaces. However, this year, nearly $7 million is being awarded to efforts to address needs related to the COVID-19 pandemic, UP officials said in a press release.

...

Copyright

© © Trade Press Media Group, Inc.

Continue reading
76 Hits

UP dispatches 'water train' to fight California wildfires

Rail News Home Union Pacific Railroad 9/9/2020 Rail News: Union Pacific Railroad
image A UP crew used the water train to fight a fire near Spring Garden, California.Photo – UP's InsideTrack newsletter

A team of Union Pacific Railroad engineering employees have been on the front lines of battling hot spots along the railroad's track, bridges and tunnels as wildfires roar across Northern California.

The crew have been using the UP water train, which consists of two rail cars that each hold 12,500 gallons of water and a pumper. The train goes back and forth over a 7-miles stretch, traversing up to 50 miles a day, UP officials said in railroad's InsideTrack newsletter.

...

Copyright

© © Trade Press Media Group, Inc.

Continue reading
98 Hits

UP to operate Bailey Yard as single classification yard

Rail News Home Union Pacific Railroad 9/3/2020 Rail News: Union Pacific Railroad
image Union Pacific Railroad will begin operating its Bailey Yard in North Platte, Nebraska, as a single classification yard, the railroad confirmed yesterday. The Class I will consolidate its rail-car sorting operations in the yard's newest and westernmost hump yard. The change is due to improved customer shipping processing times, said Raquel Espinoza, UP's senior director of corporate communications and media relations, in an email. "All rail shipments will be sorted on the west side of Bailey Yard, which plays a critical role on the Union Pacific network," she said. "The changes are a testament to the team's operational excellence and safe, reliable service to customers." UP does not anticipate the changes to have a "significant impact" on its 1,600 employees in North Platte, Espinoza added. The yard's workforce went through several rounds of layoffs and other job reductions after UP unveiled its Unified Plan 2020 in late 2018, according to The North Platte Telegraph.  In May, another round of layoffs was announced due to lower traffic related to the COVID-19 pandemic. Considered the world's largest rail classification yard, Bailey Yard covers 2,850 acres, reaching a total length of 8 miles.

Contact Progressive Railroading editorial staff.

More News from 9/3/2020


Copyright

© © Trade Press Media Group, Inc.

Continue reading
128 Hits

UP preps for Houston intermodal yard consolidation, Hurricane Laura damage

Rail News Home Union Pacific Railroad 8/27/2020 Rail News: Union Pacific Railroad
image As part of its Unified Plan 2020 operational strategy, Union Pacific Railroad plans to consolidate its intermodal operations in the Houston area in fall.Currently, both the Englewood and Settegast yards process intermodal shipments. But beginning Sept. 21, the Class I will consolidate all intermodal operations for international and domestic service at Settegast Yard to make operations simpler and more efficient, said UP Executive Vice President of Marketing and Sales Kenny Rocker in an Aug. 26 customer announcement.The consolidation will streamline train service and ramp operations, and help increase service frequency to multiple markets.
 
“After we move intermodal operations out of the Englewood facility, we will have additional capacity for our manifest operations at that location,” Rocker wrote. “This shift will further improve the network fluidity in the Houston area, providing … safer and more consistent service — a major win for all customers.”Meanwhile, to prepare for the effects of Hurricane Laura — which struck Louisiana and Texas today — UP over the past few days staged resources such as generators and ballast at strategic locations, and added fueling stations and crews in the Gulf Coast area.
 
“Our teams have made preparations to ensure any potential outages are addressed and repaired as quickly as possible,” Rocker wrote.

Contact Progressive Railroading editorial staff.

More News from 8/27/2020


Copyright

© © Trade Press Media Group, Inc.

Continue reading
96 Hits

UP's Q2 revenue, profit plummet on lower volumes

Union Pacific Corp. posted a 24 percent decline in second-quarter operating revenue and a 28 percent decline in net income as the Class I faced a 20 percent drop in volume due to the economic impact of the COVID-19 pandemic.

The Class I reported second-quarter 2020 net income of $1.1 billion, or $1.67 per diluted share, compared with $1.6 billion, or $2.22 per diluted share, a year ago.

...

Copyright

© © Trade Press Media Group, Inc.

Continue reading
107 Hits

UP's Fritz calls for action on racial injustice

Rail News Home Union Pacific Railroad 6/5/2020 Rail News: Union Pacific Railroad
image Lance FritzPhoto – up.com

Union Pacific Corp. Chairman, President and Chief Executive Officer Lance Fritz earlier this week posted on the railroad's website a statement about the recent racial injustice events that spurred protests throughout the nation over the past week.

Fritz began by noting that UP employees formed the Black Employee Network 40 years ago to help company leadership understand and respond to the company's African American employees.

...

Copyright

© © Trade Press Media Group, Inc.

Continue reading
157 Hits

UP reduces Bailey Yard workforce

Rail News Home Union Pacific Railroad 5/22/2020 Rail News: Union Pacific Railroad
image Union Pacific Railroad earlier this week laid off an unspecified number of workers in the mechanical department at Bailey Yard in North Platte, Nebraska. The layoff was related to the COVID-19 pandemic, the North Platte Telegraph reported. Raquel Espinoza, UP's senior director of corporate communications and media relations, confirmed the workforce reduction in an email. She declined to indicate how many people were affected.  "Union Pacific is experiencing volume declines as the COVID-19 pandemic impacts the country," she said in a statement to the Telegraph. "We are operating fewer locomotives and rail cars, requiring us to reduce our workforce in the mechanical department." Bailey Yard lost about 250 jobs last year, based on local estimates, as the Class I implemented its Unified Plan 2020 operating model throughout its network, the newspaper reported. For the week ending May 16, UP handled 67,603 carloads, down from 92,535 during the same week in 2019, according to Association of American Railroads data.  

Contact Progressive Railroading editorial staff.

More News from 5/22/2020


Copyright

© © Trade Press Media Group, Inc.

Continue reading
140 Hits

UP shutters Cold Connect service

Rail News Home Union Pacific Railroad 5/12/2020 Rail News: Union Pacific Railroad
image Cold Connect is a Loup Logistics service that moves refrigerated products from the West Coast to UP's warehouse in Rotterdam, New York.Photo – upcoldconnect.com

Customers were notified late last week that Union Pacific Railroad is ceasing operations of Cold Connect, a Loup Logistics service that moves refrigerated products from the West Coast to UP's warehouse in Rotterdam, New York.

On May 8, employees were informed that the service would permanently close and most Cold Connect-related positions have been eliminated, said UP spokesman Tim McMahan in an email.

...

Copyright

© © Trade Press Media Group, Inc.

Continue reading
162 Hits

UP to host annual meeting via audio

Rail News Home Union Pacific Railroad 4/30/2020 Rail News: Union Pacific Railroad
image Union Pacific Corp. announced yesterday it will conduct its 2020 annual shareholders meeting on May 14 only through live audio. The decision to cancel an in-person event was made to protect the health of shareholders, employees and other stakeholders during the COVID-19 pandemic, UP officials said in a press release. All UP shareholders as of the close of business on March 20 are invited to attend the meeting, they said.

Contact Progressive Railroading editorial staff.

More News from 4/30/2020


Copyright

© © Trade Press Media Group, Inc.

Continue reading
162 Hits

Report: UP to cut executive salaries, require nonunion workers to take unpaid leave

Rail News Home Union Pacific Railroad 4/22/2020 Rail News: Union Pacific Railroad
image Union Pacific Corp.'s senior executives will take a 25 percent salary cut and nonunion workers will be required to take unpaid leave, as the Class I responds to a drop in volume due to the COVID-19 pandemic, Dow Jones Newswires reported according to Morningstar.com. The executive salary reductions will apply from May through August. Nonunion workers will be required to take one week of unpaid leave each month during the same period. About 85 percent of UP's 37,000 workforce are represented by unions. UP logged a 24 percent drop in carloads and intermodal containers shipped last week versus a year ago. UP reports first-quarter 2020 results on Thursday.

Contact Progressive Railroading editorial staff.

More News from 4/22/2020


Copyright

© © Trade Press Media Group, Inc.

Continue reading
164 Hits

UP pledges science-based targets for GHG emission reduction

Rail News Home Union Pacific Railroad 3/10/2020 Rail News: Union Pacific Railroad
image Union Pacific Railroad today announced its intention to set science-based targets to determine how much and when the Class I will reduce greenhouse gas (GHG) emissions to support global climate change goals.UP sent a a commitment letter to the Science Based Targets Initiative (SBTi), which independently assesses corporate emissions reduction targets in line with what climate scientists say is needed to meet the Paris Agreement goals — limiting global warming to well below 2 degrees Celsius above pre-industrial levels, UP officials said in a press release."As one of the nation's largest freight railroads, it is our responsibility to act as environmental stewards, reducing emissions and enabling sustainable economic growth across our supply chain," said Chairman, President and Chief Executive Officer Lance Fritz. "This is a challenging task as it means examining every aspect of our operation and looking for innovative solutions while continuing to create long-term value for our shareholders, customers, employees and the communities where we operate."UP's target will use the SBTi's Sectoral Decarbonization Approach Transport tool, which models targets for direct and indirect transportation emissions. UP anticipates finalizing its target and submitting it for approval to the SBTi within a year, company officials said.

Contact Progressive Railroading editorial staff.

More News from 3/10/2020


Copyright

© © Trade Press Media Group, Inc.

Continue reading
172 Hits

UP awards $5.3 million in community grants

Rail News Home Union Pacific Railroad 10/22/2019 Rail News: Union Pacific Railroad
image Union Pacific's Community Ties Giving Program has awarded more than $5.3 million in local grants to nearly 600 nonprofit organizations in 23 states, the Class I announced yesterday.The grants provide funding in UP's priority cause areas: safety, workforce development and community spaces, while a smaller portion is allocated to assist communities with local needs across the railroad's system."By investing in high-quality nonprofits and programs in these cause areas, where our employees live and work, we achieve a step toward our mission of service while helping communities grow and prosper," said UP Foundation President Scott Moore in a press release.Local grants provide funding ranging from $2,500 to $25,000 to local organizations. Recipients are selected through a competitive application process. The next local grant application period will run April through May 2020.

Contact Progressive Railroading editorial staff.

More News from 10/22/2019


Copyright

© © Trade Press Media Group, Inc.

Continue reading
245 Hits

Slower freight-rail volume hit UP's bottom line in Q3

Rail News Home Union Pacific Railroad 10/17/2019 Rail News: Union Pacific Railroad
image Union Pacific Railroad's third-quarter 2019 earnings were weaker than expected by Wall Street analysts, as freight-rail volumes continued to decline in a slower economy.The Class I reported today that net income for the quarter was $1.6 billion, or $2.22 diluted earnings per share (EPS), compared to $1.6 billion, or $2.15 per diluted share, in the same period a year ago, UP officials said today in a press release.The railroad's EPS for the quarter missed Wall Street's consensus estimate of $2.33, according to Benjamin Hartford, senior research analyst at Robert W. Baird & Co. Inc. Baird's Q3 estimate for UP was $2.29.UP posted an operating ratio of 59.5 percent for the quarter, a 2.2 point-improvement over the same period last year and a quarterly record for the Class I. Operating income fell 2 percent to $2.2 billion and operating revenue dropped 7 percent to $5.5 billion compared to Q3 2018's numbers."Given the challenging volume environment we delivered solid third-quarter financial results, including an all-time best quarterly operating ratio of 59.5 percent," said UP Chairman, President and Chief Executive Officer Lance Fritz. "The work our employees are doing as part of Unified Plan 2020 is foundational to the company's success and I am confident there are additional improvement opportunities going forward for our customers and shareholders."UP's Q3 freight revenue declined 7 percent, as core pricing gains were offset by lower volumes, decreased fuel surcharge revenue and negative mix. Specifically, agricultural products revenue declined 1 percent; industrial was down 1 percent; premium, down 9 percent; and energy, down 20 percent.For the rest of 2019, UP will continue to build on the successes of its operating plan, Unified Plan 2020, Fritz said."We remain squarely focused on driving long-term shareholder value by appropriately investing in the railroad and returning excess cash to our shareholders," he said.

Contact Progressive Railroading editorial staff.

More News from 10/17/2019


Copyright

© © Trade Press Media Group, Inc.

Continue reading
235 Hits

UP shuffles roles in marketing and sales, Loup Logistics

Rail News Home Union Pacific Railroad 9/30/2019 Rail News: Union Pacific Railroad
image Union Pacific Railroad last week announced four appointments affecting marketing and sales.Effective immediately, Jacque Bendon has been named vice president of industrial products; Kari Kirchhoefer, VP of Loup Logistics; Seana Fairchild, assistant VP of industrial products; and Elise Gosch, general director of strategic planning and communications, UP officials said in a press release.Bendon, previously AVP of industrial products, marketing and sales, succeeds Kirchhoefer. Bendon has worked for UP in various roles for 21 years, having begun her career in corporate audit. She's held leadership positions in the industrial products, chemicals and UP distribution services departments.Kirchhoefer, previously vice president of industrial products, marketing and sales, succeeds Shawntell Kroese as VP of Loup Logistics. Kirchhoefer has served UP for more than 26 years and held leadership positions in the chemicals, streamline, automotive and agriculture products departments, and in the market development and sales center.Succeeding Bendon is Fairchild, who previously was general director of strategic planning and communications, marketing and sales. Fairchild joined UP 15 years ago, and has held roles in the commercial strategy, customer experience, intermodal, chemicals and tax departments.Previously senior director of commercial strategy and pricing, Gosch succeeds Fairchild. Gosch has been with UP for more than 15 years and held roles in the distribution services, agriculture products, industrial products, intermodal departments, and in the market development and sales center.

Contact Progressive Railroading editorial staff.

More News from 9/30/2019


Copyright

© © Trade Press Media Group, Inc.

Continue reading
272 Hits

Contact Us

VISIT US

35505 Cooper Road
Brookshire, TX 77423
View a Map of Our Location

OUR HOURS

Monday - Friday
8 AM - 5 PM
Saturday - Sunday
CLOSED

TALK TO US

Phone
281.392.4850

CONNECT WITH US