OMAHA, Neb. — How can railroads compete with autonomous or electric trucks that would dramatically reduce the cost of trucking? “Ultimately, our answer to autonomous trucks is autonomous trains,” Union Pacific CEO Lance Fritz says. A first step toward automation is reducing crew size where feasible, Fritz said during the railroad’s investor day Tuesday. UP […]
OMAHA, Neb. — With a goal of reducing greenhouse gas emissions 26% by the end of the decade, Union Pacific is working to improve locomotive fuel efficiency, plans to roll out battery-electric locomotives soon, and is exploring alternatives to the diesel-electric. “We do not plan on buying any new locomotives — unless it’s battery-electric locomotives […]
OMAHA, Neb. — Union Pacific is primed for volume growth due to service and cost improvements, a new approach to sales and marketing, and the ongoing rollout of new technology that makes it easier for customers to do business with the railroad. UP executives outlined their growth plans for the next three years during a […]
OMAHA, Neb. — Union Pacific is closely watching the battle for Kansas City Southern and how an acquisition by either Canadian Pacific or Canadian National could affect its cross-border traffic. UP CEO Lance Fritz notes that U.S. regulations require that mergers between Class I railroads must enhance competition and improve service for all shippers. “For […]
OMAHA, Neb. — Union Pacific reported lower quarterly earnings on Thursday as harsh winter weather took a toll on volume and revenue. UP’s quarterly operating income declined 7%, to $1.99 billion, as revenue sank 4%, to $5 billion. Earnings per share declined 7%, to $2. UP’s operating ratio rose 1.1 points to 60.1% due to […]
CHICAGO — Union Pacific will resume collecting fares on the three routes it operates for Metra on June 1 — about a year after the rest of the Metra system began doing so, and more than six months after Metra sued UP over its fare collection policies. Streetsblog Chicago reports that UP conductors began informing […]
Union Pacific to close Palestine, Texas, car shop, subject of lawsuit Union Pacific will close its car shop in Palestine, Texas, as of June 14, eliminating as many as 57 positions. The Palestine Herald-Press reports employees were notified Thursday; a Union Pacific spokeswoman confirmed the closure and attributed it to operational changes across the system. […]
OMAHA, Neb. — Union Pacific has resisted an activist investment firm’s push to allow shareholders to have an annual non-binding vote on the railroad’s efforts to reduce its carbon footprint. London-based TCI Fund Management, which has investments in Canadian National, Canadian Pacific, and UP, contends that a company’s greenhouse gas emissions will have an impact […]
COLLEGE STATION, Texas — Union Pacific No. 4141, the SD70ACe locomotive painted in an Air Force One-like scheme to honor President George H.W. Bush, has arrived in College Station and was scheduled to be trucked on Sunday afternoon from the UP tracks to the George H.W. Bush Presidential Library and Museum on the campus of […]
Union Pacific plans to reopen all intermodal terminals by Friday after closing them earlier this week because of the impacts of winter storms across the nation. In a customer advisory posted Thursday afternoon, the railroad said the Chicago area continued to work through significant snow removal, and additional snowfall in the Little Rock and Pine […]
OMAHA, Neb. — Union Pacific has virtually frozen its entire intermodal network in the face of harsh winter weather. UP notified customers Monday night that, effective at 8 a.m. local time today, it would not accept loads at its intermodal terminals. The railroad expects the closures to last for 72 hours. Exceptions include international shipments […]
A former Union Pacific GE C36-7 locomotive is being rebuilt in the small Eastern European country of Estonia to operate using liquefied natural gas, the first of a series of planned conversions. Freight company Operail began work on the first locomotive in early February, after plans to undertake the project last year were delayed by […]
