OMAHA, Neb. — Union Pacific will report a record-low operating ratio for 2018 thanks to an unexpected combination of lower costs and strong traffic volume in December, the railroad said in a regulatory filing on Wednesday. On Nov. 29, UP warned that it did not expect an improvement in its full-year operating ratio due to […]
Jim Vena, Union Pacific Chief Operating Officer Canadian National OMAHA, Neb. — Jim Vena is Union Pacific’s $9 billion man. No, that’s not how much Vena will earn as the railroad’s new chief operating officer. Under the terms of his contract, he’ll earn a base salary of $600,000 and will be eligible for an annual […]
Jim Vena, Union Pacific chief operating officer Canadian National OMAHA, Neb. — Union Pacific has named former Canadian National executive Jim Vena as its chief operating officer, effectively putting a protege of E. Hunter Harrison in charge of its transition to Precision Scheduled Railroading. Vena, 60, served as CN’s chief operating officer from February 2013 […]
A Union Pacific train threads its way through construction at Vale, in River Forest, Ill., where the railroad is building a 1.8-mile section of third track. David Lassen MARCO ISLAND, Fla. – One of the annual limitations of the early January date for the the National Railroad Construction and Maintenance Association Conference is that most […]
OMAHA, Neb. — Union Pacific says its new operating plan continues to gain traction. “Since September, overall operating inventory has been reduced by 10 percent, car velocity is up 7 percent, and dwell is down 10 percent, all of which indicate we’re moving your freight faster,” Kenny Rocker, the railroad’s executive vice president of marketing […]
Behind six units, an eastbound Z-train flies through historic downtown Laramie, Wyo., on June 7, 2018, exactly 150 years to the day that Union Pacific tracks reached the town named for French-Canadian fur trader Jacques La Ramee. Bill Stephens OMAHA, Neb. — More of Union Pacific’s intermodal trains will operate daily, up from five or […]
Union Pacific’s Roper Yard, Salt Lake City Google Maps OMAHA, Neb. – Union Pacific is downgrading Roper Yard in Salt Lake City and shifting manifest switching 40 miles north to Ogden, Utah, and is pruning low-volume interline intermodal lanes operated in conjunction with Norfolk Southern. The separate moves, which the railroad announced in a pair […]
Jim Foote, CSX Transportation CEO CSX Corp. NEW YORK — When Canadian Pacific CEO Keith Creel said in October that the spread of Precision Scheduled Railroading made Class I consolidation more likely, it stirred the pot of merger speculation. So it was no surprise last week that Union Pacific CEO Lance Fritz and CSX Transportation […]
Union Pacific Union Pacific NEW YORK — Union Pacific remains about a month ahead of schedule with the rollout of its new operating plan and now expects systemwide implementation by the middle of 2019, months earlier than originally envisioned. The railroad has completed the introduction of Unified Plan 2020 on its Mid-America Corridor linking the […]
NEW YORK — Union Pacific, which is bucking the Precision Scheduled Railroading trend of idling the humps at classification yards, still needs the new hump yard it’s building in Hearne, Texas, CEO Lance Fritz says. The late CEO E. Hunter Harrison converted several hump yards to flat-switching facilities at Canadian National, Canadian Pacific, and CSX […]
WASHINGTON — Union Pacific has defended penalties it plans to impose on shippers who don’t load and unload cars quickly or who make last-minute changes to unit train service schedules. “We are certain the proposed tariffs are fair, balanced, and reciprocal in nature,” Kenny Rocker, UP’s executive vice president of marketing and sales, wrote in […]
Lance Fritz, Union Pacific CEO Union Pacific NEW YORK — With major changes under way at Union Pacific, which is cutting costs and shifting to an operating plan based on Precision Scheduled Railroading, what does it mean for the railroad’s long-running steam program? “We’re not sure. But right now, nothing,” UP CEO Lance Fritz told […]
