Archive for January 2018
Union Pacific CEO: Train braking technology is clogging the railway
(Source: Dow Jones Newswires, January 25, 2018) NEW YORK — Union Pacific Corp. says new technology meant to prevent train accidents is causing congestion on the railway. The largest U.S. railroad based on revenue is in the midst of implementing positive train control, or PTC, technology, which is designed to automatically stop a train to…
Read MoreVideo: UP loses cargo to BNSF for third year
(Source: Bloomberg, January 25, 2018) NEW YORK — Union Pacific Corp. lost ground to Warren Buffett’s BNSF Railway Co. for a third year as the nation’s two largest railroads battled for western U.S. cargo. Shares fell the most in more than a year. Full story and video: Bloomberg Friday, January 26, 2018
Read MoreUP reports 4Q, full-year 2017 results
(Source: Union Pacific press release, January 25, 2018) OMAHA, Neb. — Union Pacific Corporation today reported 2017 fourth quarter net income of $7.3 billion, or $9.25 per diluted share compared to $1.39 per diluted share in the fourth quarter 2016. Fourth quarter 2017 results include previously-disclosed adjustments reflecting the impact of corporate tax reform. Excluding those…
Read MoreU.S. rail traffic declined 2.9 percent in Week 3
(Source: Progressive Railroading 01/25/2018) Total U.S. railroad traffic declined 2.9 percent to 508,239 carloads and intermodal units for the week ending Jan. 20 compared with the same week a year ago, according to the Association of American Railroads (AAR). Total carloads for the week fell 7.6 percent to 241,258 units, but intermodal volume ticked up 1.8 percent to…
Read MoreUP boosts bottom line in 2017
(Source: Progressive Railroading 01/25/2018) Union Pacific Corp. today reported fourth-quarter 2017 adjusted net income rose 5 percent to $1.2 billion, or $1.53 per diluted share, compared with $1.14 billion, or $1.39 per share, for the same period a year ago. Including the impact of the recently passed federal corporate tax reform, UP posted net income of…
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