Cost pressures prompt Union Pacific to reduce financial outlook

Yellow locomotives leading train of double-stacked containers over bridge

OMAHA, Neb. – Union Pacific has lowered its financial expectations for this year in light of rising fuel prices, inflation, and the impact of its sluggish operations. It’s now unlikely that UP will reach an operating ratio of around 55% for the year, Chief Financial Officer Jennifer Hamann told an investor conference on Tuesday. UP […]

Read More…

Union Pacific joins RailPulse freight car location monitoring joint venture

Train with yellow locomotives in flat area

OMAHA, Neb. – Union Pacific has joined the RailPulse joint venture that will provide customers with real-time location information for freight cars wherever they are on the North American rail network. UP becomes the second Class I railroad to participate in RailPulse, alongside founding member Norfolk Southern. The company’s other partners include shortline holding companies […]

Read More…

UP coal train derails in Nebraska

Clean-up continues Thursday evening of a Union Pacific coal train derailment near Gothenburg, Neb. (Nebraska State Patrol Troop D, via Twitter)

GOTHENBURG, Neb. — An estimated 30 cars of a Union Pacific coal train derailed Thursday morning two miles southeast of Gothenburg, KOLN/KGIN radio reports. The accident about 7:30 a.m., involving a train eastbound from Wyoming, blocked all three tracks of the UP main line about 35 miles southeast of North Platte, with the railroad working […]

Read More…

U.S. rail traffic dips slightly in first week of May

WASHINGTON – For the week ended May 7, U.S. rail traffic registered 504,927 carloads and intermodal units, a 3.5% decline over the same period in 2021. Figures from the Association of American Railroads show the total number of carloads at 231,737, down 1.9% over the same week in 2021, while intermodal volume was 273,190 containers […]

Read More…

Canadian regulators propose more detailed requirements for reporting railroad performance metrics

Canadian Pacific and Canadian National trains pass

OTTAWA, Ontario – Class I railroads operating in Canada would be required to report additional performance and staffing metrics under a proposal Canadian regulators unveiled on Friday. Transport Canada’s move was announced on the same day that the Surface Transportation Board said it will temporarily require the big railroads to provide more detailed operational and […]

Read More…