LAGUNA BEACH, Calif. – New Union Pacific CEO Jim Vena says his strategy for the railroad is a simple one: Grow through great safety and excellence in operations and service. Vena, in his first public remarks since becoming chief executive last month, told an investor conference today that UP wants to grow with its customers. […]
LAGUNA BEACH, Calif. – In one of his first moves as Union Pacific’s new CEO, Jim Vena took a full day out of the railroad’s premium cross-border interline intermodal service with Ferromex, including the new Falcon Premium service that connects the Canadian National intermodal network with Mexico via Chicago. Since the schedules were improved shortly […]
WASHINGTON — Union Pacific has asked a federal court to declare that the railroad has no obligation to handle Canadian Pacific Kansas City grain trains via trackage rights between Beaumont, Texas, and the ports of Houston and Galveston. UP, which filed the complaint on Wednesday in the U.S. District Court for the Western District of […]
WASHINGTON — Union Pacific’s contention that Kansas City Southern can’t haul grain from the Upper Midwest to the Gulf Coast using trackage rights south of Beaumont, Texas, is “revisionist history,” Canadian Pacific Kansas City has told federal regulators. Earlier this month CPKC asked the Surface Transportation Board to enforce the trackage rights that KCS gained […]
Tropical storm Hilary, the first to hit Southern California in 84 years, brought heavy rains and flooding that have shut down Union Pacific’s Mojave and Yuma subdivisions. Both subdivisions were out of service this morning due to water and mud over the tracks between Banning and Indio, Calif., on the Yuma Sub and near Mojave […]
WASHINGTON — Union Pacific has asked federal regulators to toss out a complaint that Canadian Pacific Kansas City filed this month that would allow it to route grain trains to the ports of Houston and Galveston using trackage rights over UP south of Beaumont, Texas. CPKC told the Surface Transportation Board that UP is blocking […]
OMAHA, Neb. — New Union Pacific CEO Jim Vena shared his vision for the railroad in a letter to employees today, his first day back at the railroad. “My vision and focus are clear: Safety, Service and Operational Excellence will equal Growth. Together, we will achieve the best safety record in the industry, be known […]
For clues about where incoming CEO Jim Vena may take Union Pacific, look at where he wanted to take Canadian National. You may recall that in late 2021 activist investor TCI Fund Management touted Vena as a replacement for CN CEO JJ Ruest. Vena, who rose through the ranks to become chief operating officer during […]
WASHINGTON — Canadian Pacific Kansas City has asked federal regulators to prevent Union Pacific from blocking the movement of its grain trains to the ports of Houston and Galveston via trackage rights on UP via Beaumont, Texas. The Interstate Commerce Commission granted Kansas City Southern “South End” rights over UP as part of its approval […]
OMAHA, Neb. — Incoming Union Pacific CEO Jim Vena will not get a honeymoon with rail labor when he begins leading the railroad on Aug. 14. Local SMART-TD leaders and the Transportation Trades Department of the AFL-CIO were critical of the company’s selection of Vena, who served as UP’s chief operating officer in 2019 and […]
OAK BROOK, Ill. — Hub Group is expanding its intermodal service to include inbound parts moves to all auto assembly plants in North America, with a focus on cross-border shipments to and from Mexico. “We are extremely excited about the growth opportunity we have unlocked with our partner, Union Pacific, in the north-south corridor between […]
OMAHA, Neb. — Union Pacific today named Jim Vena, its former chief operating officer, as the railroad’s next chief executive. The announcement comes five months after one of UP’s largest investors publicly demanded that the board oust CEO Lance Fritz and hire Vena as his replacement [see “Union Pacific to seek new CEO …,” Trains […]
