Railroad News

UP posts higher profit, lower expenses in Q2

Union Pacific Railroad reported today that 2019 second-quarter net income rose 4 percent to $1.6 billion, or $2.22 per diluted share, compared with $1.5 billion, or $1.98 per diluted share, in the same quarter a year ago.

UP's operating income rose 8 percent to $2.3 billion and the company's operating ratio (OR) improved to 59.6 percent from 63.0 percent compared with second-quarter 2018.

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UP recognizes 46 companies for safe hazmat practices

Rail News Home Union Pacific Railroad 6/21/2019 Rail News: Union Pacific Railroad
image Union Pacific Railroad has recognized 46 companies with the Class I's Pinnacle Award for safely transporting chemical products by rail.The annual award honors UP customers that implement release prevention protocols, corrective action plans and have zero non-accident releases (NARs) of regulated hazardous materials shipments.UP's hazardous materials safety team supports its customers with joint rail safety training programs and rail-car inspections, UP officials said in a press release."Union Pacific is committed to delivering chemical shipments in the safest manner and applauds this year's Pinnacle Award recipients for their initiatives and measures eliminating rail car chemical releases,” said Kenny Rocker, executive vice president, marketing and sales.To read a list of this year's winners, click on this link.

Contact Progressive Railroading editorial staff.

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UP's 2018 'Building America' report addresses cybersecurity

Union Pacific Railroad's latest annual report on sustainability includes for the first time cybersecurity efforts taken to protect the Class I's infrastructure and assets.

UP yesterday released its 2018 "Building America Report," the company's 10th annual sustainability report detailing progress toward its social, economic and environmental initiatives. The report highlights corporate strategy changes and impact on UP's customers, investors, employees and communities.

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Oregon Sens. Wyden, Merkley express concerns over UP layoffs

Oregon's two U.S. senators are raising concerns with Union Pacific Railroad's reported plan to eliminate nearly 200 jobs from the Class I's Hinkle Rail Yard in Hermiston.

In a letter sent this week to UP Chairman, President and Chief Executive Officer Lance Fritz, the senators wrote that the railroad's decision to reduce jobs at the yard and close the Hinkle supply warehouse and mechanical locomotive shop "will devastate this rural community by hamstringing the economic opportunities and stability of the entire region."

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UP marks transcontinental railroad's 150th anniversary

Rail News Home Union Pacific Railroad 5/13/2019 Rail News: Union Pacific Railroad
image Tapping a ceremonial Golden Spike from left are Dodge, Gov. Herbert, Fritz, U.S. Rep. Rob Bishop (R-Utah), Yee and Scott Moore.Photo – up.com

Union Pacific Railroad executives joined other public and private-sector officials in ceremonies last week marking the 150th anniversary of the driving of the Golden Spike in Promontory Summit, Utah, which signaled the completion of the transcontinental railroad.

On May 9, a ceremony held at Ogden Union Station in Ogden, Utah, featured UP's steam locomotives Living Legend No. 844 and Big Boy No. 4014. The two met, recreating the historic image taken at Promontory Summit on May 10, according to a UP press release.

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