Rail News Home Union Pacific Railroad 4/19/2021 Rail News: Union Pacific Railroad
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."
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Kansas City Southern last week reported first-quarter 2021 revenue of $706 million, down 4% from the same period a year ago.
Overall, carload volumes were down 1% compared with volumes in Q1 2020, KCS officials said in a press release.
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Rail News Home CSX Transportation 4/16/2021 Rail News: CSX Transportation
"This transaction highlights our ability to find creative ways to generate meaningful value from our assets while enhancing the safety and efficiency of passenger and freight rail service in a vital transportation corridor," said CSX President and Chief Executive Officer James Foote.Photo – csx.com
"This transaction highlights our ability to find creative ways to generate meaningful value from our assets while enhancing the safety and efficiency of passenger and freight rail service in a vital transportation corridor," said CSX President and Chief Executive Officer James Foote.Photo – csx.com
CSX Corp. announced yesterday it has closed the first phase of a comprehensive $525 million rail agreement with the commonwealth of Virginia.
The transaction is part of Virginia’s previously announced multibillion dollar rail-transportation initiative to improve service and infrastructure in the state.