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Apr
26

UP honors 70 companies for safe chemical transport

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Union Pacific

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Apr
26

UP honors 70 companies for safe chemical transport

Rail News Home Union Pacific Railroad 4/26/2022 Rail News: Union Pacific Railroad
Union Pacific Railroad has awarded 70 companies with the 2021 Pinnacle Award for their commitment to safely transporting chemicals by rail.The annual award recognizes UP customers who implement release prevention protocols, corrective action plans and have zero non-accident releases of regulated hazardous materials shipments, UP officials said in a press release."Union Pacific is honored to partner with companies that share our commitment to the safe transportation of chemicals and, in the process, the protection of the environment. This award recognizes the work these companies do every single day to prevent releases and safeguard the communities where we all live and work," said Jacque Bendon, UP vice president of industrial, marketing and sales.Click here to see the full list of award winners.

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Union Pacific

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Apr
21

UP revenue, income rose in Q1, but operating performance missed expectations

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Union Pacific

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Apr
21

UP revenue, income rose in Q1, but operating performance missed expectations

Union Pacific Railroad today reported revenue growth drove first-quarter records for operating revenue, operating income, net income and earnings per share.

The Class I posted first-quarter 2022 net income of $1.6 billion, or $2.57 per diluted share, compared with net income of $1.3 billion, or $2 per diluted share, in the same quarter a year ago.

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Apr
19

UP recognized as 'best place to work' for women

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Union Pacific

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Apr
19

UP recognized as 'best place to work' for women

Rail News Home Union Pacific Railroad 4/19/2022 Rail News: Union Pacific Railroad
"Being identified by the Women's Choice Awards is exemplary of our meaningful progress toward our diversity, equity and inclusion goals," said Beth Whited, EVP – sustainability and strategy. Photo – up.com

Union Pacific Railroad has been named a "Best Place to Work" by the Women’s Choice Awards.

The Class I earned the distinction in three categories: best companies for women; best companies for diversity; and best companies for millennials. The Women’s Choice Awards honor companies based on female and diversity representation in the workforce, work-life balance, professional development opportunities and other benefits.

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Apr
18

UP expands ESG strategy

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Union Pacific

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Apr
18

UP expands ESG strategy

Rail News Home Union Pacific Railroad 4/18/2022 Rail News: Union Pacific Railroad
"The [survey] responses helped us gain a deeper understanding of our impact on the communities we serve and enhance our ESG goals as we navigate the global landscape ahead," said UP Chairman, President and CEO Lance Fritz. Photo – up.com

Union Pacific Railroad last week published its latest Building America Report, which includes an expanded approach to the Class I’s environmental, social and governance (ESG) strategy.

The report identifies the company’s ESG priorities and explains the company’s ongoing community support, supplier diversity and philanthropic initiatives.

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Mar
24

UP's largest corporate disaster relief donation targets Ukraine relief efforts

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Union Pacific

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Mar
24

UP's largest corporate disaster relief donation targets Ukraine relief efforts

Rail News Home Union Pacific Railroad 3/24/2022 Rail News: Union Pacific Railroad
Add Union Pacific Railroad to the growing list of rail industry constituents that are donating big dollars to relief efforts in Ukraine.The Class I yesterday announced it will provide $500,000 — its largest-ever corporate disaster relief donation — to support humanitarian operations in the war-torn nation. The donation will be split evenly between the American Red Cross and Save the Children.Employees also have been overwhelming generous with donations to Ukraine relief efforts, driving nearly $50,000 in matching funds from the company, UP officials said in a press release.Earlier this month, the Class I announced a two-for-one match program for employees who donate to six organizations providing direct support to Ukrainians: the Salvation Army, American Red Cross, UNICEF, Global Giving Foundation, Doctors Without Borders and Save the Children."Our hearts are with the Ukrainian people who did nothing to provoke this attack and whose lives are irrevocably changed," said UP Chairman, President and CEO Lance Fritz. "Our employees' charitable donations clearly demonstrate they’re taking a stand with the Ukrainian people, and we’re proud to let their generosity guide our corporate contribution to two of many worthy organizations providing immediate aid."

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Union Pacific

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Mar
09

UP, Wabtec partner to cut emissions with higher biodiesel blends

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Union Pacific

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Mar
09

UP, Wabtec partner to cut emissions with higher biodiesel blends

Rail News Home Union Pacific Railroad 3/9/2022 Rail News: Union Pacific Railroad
Union Pacific Railroad yesterday announced it will begin using a higher biodiesel blend in locomotives it acquired from Wabtec as part of UP's plan to reduce its carbon footprint.The new collaboration helps the Class I as it works to increase the percentage of low-carbon fuels consumed to 10% of its total diesel consumption by 2025 and 20% by 2030, UP officials said in a press release."Increasing the use of renewable diesels and biofuels currently represents the most promising avenue to help Union Pacific meets its environmental goals," said Beth Whited, UP's executive vice president of sustainability and strategy. "We want to drive emissions down as quickly as possible, and we believe this new project with Wabtec will make a difference."UP will begin testing B20 biodiesel and R55 renewable diesel on trains powered by Wabtec FDL engines operating in California in second-quarter 2022. As testing progresses, it is anticipated that higher percentages of biofuels will be used.The project will help UP meet its science-based target to reduce greenhouse gas emissions 26% by 2030 and reach its ultimate goal of net-zero emissions by 2050.Wabtec locomotives were previously approved for B5 R30 (5% biodiesel and 30% renewable diesel) for locomotive engines. Biofuel is a domestically produced, clean-burning, renewable substitute for petroleum diesel."Biodiesel and renewable diesel are important sustainable solutions for the rail industry both in the near-term and in the future," said Bob Bremmer, group VP for Wabtec's Fleet Innovation and Transformation division.

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Feb
28

UP marks third straight year of lower fuel consumption

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Union Pacific

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Feb
28

UP marks third straight year of lower fuel consumption

Rail News Home Union Pacific Railroad 2/28/2022 Rail News: Union Pacific Railroad
Union Pacific Railroad announced last week that it has lowered its fuel consumption for the third year in a row, helping its customers eliminate 22.9 million metric tons of greenhouse gas (GHG) emissions by choosing rail over truck.In 2021, the Class I’s fuel consumption rate — measured in gallons of fuel per thousand gross ton-miles — improved 1%, its best-ever performance. On average, rail consumes three to four times less fuel than moving the same freight on the highway, UP officials said in the railroad’s Inside Track blog.The record comes as UP began 2022 by advancing its ESG goals, including purchasing the world's largest carrier-owned fleet of battery-electric locomotives for testing in yard operations. First deliveries are expected in late 2023. In late December, UP released its climate action plan, which includes a commitment to pursue net zero emissions by 2050.The railroad’s fuel-efficiency gains can be attributed to numerous operational and technological advancements, including identifying ways to reduce idling engines and ensuring that the optimal horsepower is used to haul freight.Another key element is expanding and improving the use of energy management systems (EMS) on nearly 2,900 locomotives in the railroad’s fleet. Installation of the original EMS prototype occurred in 2011.Today, the system has been refined and improved, with more train crews using the system sooner and longer on individual train trips. The goal is to finish installing the system in all of UP’s high horsepower locomotive fleet by 2024.

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Feb
10

UP issues first 'human capital' report

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Union Pacific

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Feb
10

UP issues first 'human capital' report

Rail News Home Union Pacific Railroad 2/10/2022 Rail News: Union Pacific Railroad
Union Pacific Railroad has released its first “We Are One” human capital report, which includes milestone achievements in the Class I's efforts to create a diverse and inclusive workforce.Under UP’s diversity, equity and inclusion (DE&I) initiatives, nearly half of the railroad’s new hires in 2021 were people of color, while 13% were female. Half of UP’s board was also comprised of diverse individuals. Management promotions included 30% people of color and 20% female.In addition, the railroad won multiple awards reflecting its commitment to a diverse workforce, including a spot on the Noteworthy List of the Top 50 Companies for Diversity by Diversity Inc.; being named a 2022 “Best Places to Work for LGBTQ+ Equality” winner; and recognition from Latina Style’s Top 15 Employee Resource Groups of the Year in 2021."Our goal is to help all employees grow personally and professionally, providing them fulfilling careers," said Beth Whited, UP executive vice president of sustainability and strategy.Recruiting “remained agile” at UP amid nearly 500 virtual career fairs over two years and the launch of the Second Chance hiring program that provides opportunities for formerly incarcerated individuals, UP officials said in a press release. Eighty percent of eligible senior collegiate interns were also offered a full-time position.UP’s current DE&I goals include increasing its people of color employee population to 40% from the current 29.4% and doubling its female population to 11% by 2030."To achieve our goals, we've taken action — launching virtual career fairs, creating strategic recruiting partnerships and promoting internship opportunities," said Tonya Eggspuehler, UP's assistant vice president of talent management and workforce resources. "We're also focusing internally to ensure we're retaining our current talent.”

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Jan
31

UP to assemble largest battery-electric locomotive freight fleet

Rail News Home Union Pacific Railroad 1/31/2022 Rail News: Union Pacific Railroad
UP's purchase includes 10 FLXdrive battery-electric locomotives from Wabtec. Photo – up.com

Union Pacific Railroad last week announced plans to assemble the world’s largest battery electric freight locomotive fleet.

UP will purchase 20 battery-electric locomotives from Progress Rail and Wabtec Corp. for testing in yard operations. The combined purchases and upgrades to yard infrastructure are expected to exceed $100 million, representing the largest investment in battery-electric technology by a U.S. railroad, UP officials said in a press release.

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Jan
26

UP subsidiary Loup Logistics acquires Phoenix transload facility

Rail News Home Union Pacific Railroad 1/26/2022 Rail News: Union Pacific Railroad
The purchase will enable UP to expand transloading and storage in Phoenix. Photo – Union Pacific

Union Pacific Railroad subsidiary Loup Logistics Co. has acquired Precision Components Inc.'s (PCI) transload facility in Phoenix.

Finalized last month, the acquisition will enable UP to expand transloading and storage services for shippers in the Phoenix market, Loup officials said in a press release.

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Jan
20

Union Pacific posts higher revenue, profit in Q4

Union Pacific Corp. today reported fourth-quarter 2021 net income of $1.7 billion, or $2.66 per diluted share, up from net income of $1.6 billion, or $2.36 per diluted share, in the same quarter in 2020.

The 2020 adjusted results exclude a $278 million pre-tax, non-cash impairment charge.

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Dec
30

UP-served Savage Gulf Rail Facility opens in Texas

Rail News Home Union Pacific Railroad 12/30/2021 Rail News: Union Pacific Railroad
A ribbon-cutting ceremony was held recently for the Savage Gulf Rail Facility in San Patricio County, Texas. Photo – up.com

The Savage Gulf Rail Facility, which will be served by Union Pacific Railroad, has opened in San Patricio County, Texas.

The rail yard — which was the site of a recent ribbon-cutting ceremony — was built to support the multibillion-dollar Gulf Coast Growth Ventures plastics plant, a new joint venture between ExxonMobil and chemical manufacturer SABIC.

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