Railroad News

UP touts Q3 financial performance, Unified Plan 2020 progress

By Jeff Stagl, Managing Editor

Today, Union Pacific Railroad announced its third-quarter diluted earnings per share reached $2.15, representing a 43 percent year-over-year increase and an all-time quarterly record.

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Katoen Natie opens UP-served plastic packaging facility in Texas

Rail News Home Union Pacific Railroad 10/24/2018 Rail News: Union Pacific Railroad
imageUnion Pacific Railroad and logistics and distribution services provider Katoen Natie last week held a ribbon-cutting ceremony at a new plastic packaging facility in the Prime Pointe Industrial Park in Dallas.The Katoen Natie facility — which features 262,000 square feet of warehouse space — is the latest addition to the 3,000-acre industrial park, which has attracted new business opportunities as a result of the park's access to freight rail, according to a UP press release.Future expansions of Katoen Natie's facility could increase capacity to 2.5 million feet, company officials said. The location will enable the company's customers to diversify export channels to global markets. Producers will ship bulk rail cars filled with plastic resin pellets to the warehouse where the pellets will be packaged and loaded into intermodal containers. UP will then transport the containers to ocean ports via its Dallas-to-Dock intermodal service."Katoen Natie‘s Dallas location is a great example of freight-rail utilization to provide growth opportunities and overall economic development for this region," said Kari Kichhoefer, UP's vice president-industrial.Adds Katoen Natie USA President Frank Vingerhoets: ”With this new Dallas-to-Dock location we continue to expand our local and international network of logistic hubs. It will provide our customers an alternative export solution and a back up to their current export flows.”

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STB wants regular updates from UP as it phases in scheduled railroading

The Surface Transportation Board (STB) has asked Union Pacific Railroad senior management to hold weekly phone calls with the board's Rail Customer and Public Assistance Office as the Class I implements its new precision scheduled railroading plan.

STB Chairwoman Ann Begeman and Vice Chairwoman Deb Miller wrote yesterday to UP Chairman, President and Chief Executive Officer Lance Fritz after UP informed the board of the railroad's new operations plan. In seeking to maintain weekly communications with UP management, the board is trying to help prevent freight-rail service problems that arose when UP competitor CSX implemented precision scheduled railroading last year.

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Union Pacific to launch precision scheduled railroading plan

Union Pacific Railroad next month will launch a new operating plan that will implement precision scheduled railroading principles.

UP's "Unified Plan 2020" will launch Oct. 1 and will be rolled out in phases across the Class I's network. Resulting benefits are expected to help UP achieve its 60 percent operating ratio goal by 2020, on the way to achieving a 55 percent operating ratio, company officials said in a press release.

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UP awards $5.9 million in grants to nonprofits

Rail News Home Union Pacific Railroad 9/13/2018 Rail News: Union Pacific Railroad
imageUnion Pacific Railroad has awarded nearly $5.9 million in local grants this year to 600 nonprofit organizations throughout the Class I's 23-state network.UP's Community Ties Giving Program provides small- and medium-sized grants within the railroad's "priority cause" areas: safety, workforce development and community spaces. A small portion of funding is allocated to other local community needs."Investing in high-quality nonprofits and programs helps achieve our mission of building safe, prosperous and vibrant communities," said UP Foundation President Scott Moore in a press release.The next local grant application period will run April through May 2019. More information about the program is available on UP's website.

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