Starting today, Union Pacific Railroad will increase train speed on 7.5 miles of rail line in Clark County, Nev., following recent track upgrades in the Las Vegas area, the Class I announced late last week.
Track improvements that meet or exceed Federal Railroad Administration standards will enable UP to speed up trains from 40 mph to 60 mph on rail line between Bonanza Road and Maule Avenue, UP officials said in a press release.
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Union Pacific Railroad employees set an all-time reportable personal injury rate record in 2015, improving 11 percent from 2014 to 0.87, UP announced today.
The injury rate makes UP the safest Class I in the United States based on Federal Railroad Administration (FRA) data, according to a UP press release.
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Union Pacific Railroad was named the most admired company in the trucking, transportation and logistics industry by Fortune for the sixth consecutive year, UP announced last week.
The recognition is the 13th time in 17 years that the Class I has been named No. 1. The magazine's annual "World's Most Admired" list is published in the March 1 edition, according to a UP press release.
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Cross–border traffic into and out of Mexico currently generates about 10 percent of UP's annual volume.
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Union Pacific Railroad reduced highway-rail crossing accidents by 3 percent in 2015, the Class I announced on Friday.
UP reduced the total number of Federal Railroad Administration reportable grade crossing accidents to 2.28 per million train miles.
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The Arizona Corporation Commission has approved a $120 million project that includes a major upgrade to a Union Pacific Railroad crossing in Tucson, the commission announced this week.
Designed to improve safety and traffic flow, the project will remove a grade crossing at Interstate 10 and Ina Road in Tucson. I-10 will be lowered to ground level and widened to eight lanes, with Ina Road raised to cross over Camino de Oeste, the tracks, and I-10, commission officials said in a press release.
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Pricing gains weren't enough to offset the decline in traffic volume in fourth-quarter 2015 at Union Pacific Railroad. As a result, UP posted net income of $1.1 billion, or $1.31 per diluted share for the period, compared with $1.4 billion, or $1.61 per diluted share, in fourth-quarter 2014, the railroad announced this morning.
Operating revenue for the quarter fell 15 percent to $5.2 billion compared with Q4 2014. Fourth-quarter business volumes — measured by total revenue carloads — declined 9 percent in 2015 compared with a year ago. Volumes fell in each business group except for automotive. Coal led the decline; freight revenue for that category fell 31 percent, according to the company's press release.
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The National Transportation Safety Board (NTSB) has determined that Union Pacific Railroad's failure to conduct a risk assessment of a new control point (CP) signal installation contributed to a collision of two UP trains in 2014, the agency announced in a report last month.
The incident occurred in September 2014 near Galva, Kan., when an eastbound UP train collided with the side of a westbound UP train, according to the NTSB's executive summary of its investigative report.
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