UP subsidiary Loup Logistics acquires Phoenix transload site

Aerial view of freight facility

OMAHA — Union Pacific on Tuesday announced its Loup Logistics subsidiary had acquired the Precision Components Inc. transload facility in Phoenix, a UP-served location that processes more than 8,000 railcars and 38,000 trucks annually. The facility in central Phoenix covers more than 100 acres, with 125,000 square feet of covered storage and 3 miles of […]

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Canadian National reports record financial results for fourth quarter

Canadian National logo

MONTREAL — Canadian National reported record fourth-quarter financial results on Tuesday, despite the impact of severe flooding that shut its main line through southern British Columbia for three weeks. CN’s “Full Speed Ahead” plan to improve the company’s financial results, announced in September amid a proxy contest launched by activist investor TCI Fund Management, gained […]

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CN names former CP official Tracy Robinson as its next CEO

Head shot of woman with short blonde hair

MONTREAL — Canadian National on Tuesday named former Canadian Pacific executive Tracy Robinson as its new president and CEO, and reached an agreement with activist investor TCI Fund Management, which has dropped its proxy contest. Robinson spent nearly three decades at CP — with experience including positions in operations, finance, and marketing — before joining […]

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Tourist railroad asks agency to drop railbank plan

Maroon locomotive leads train with holiday lights down street at night

SANTA CRUZ, Calif. — The Santa Cruz County Regional Transportation Commission is considering a forced abandonment of a branch line owned by Roaring Camp Railroads as part of a move to railbank the line for possible future commuter-rail use — a move opposed by Roaring Camp. The Santa Cruz Sentinel reports Roaring Camp, which operates […]

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LA district attorney responds to UP criticism on train thefts

People with plastic bags picking up trash along railroad tracks

LOS ANGELES — Los Angeles County District Attorney George Gascon has responded to Union Pacific criticism of his policies, which it says play a part in much-publicized thefts from intermodal containers, by suggesting the railroad doesn’t do enough to protect its trains. The South Bay Daily Breeze reports that Gascon, in a letter to UP […]

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