Archive for July 2018
BNSF rail service extended at Port of Portland
(Source: Progressive Railroading 07/20/2018) The Port of Portland is continuing its Terminal 6 service with BNSF Railway Co. through mid-2019, as part of a larger focus to increase options to shippers at Terminal 6, port officials announced this week. The intermodal rail service, which began in January, moves containers by rail between Portland and the…
Read MoreUnion Pacific CEO: First steel tariffs had an immediate and direct impact
(Source: CNBC, July 19, 2018) NEW YORK — In a television interview with CNBC, Union Pacific CEO Lance Fritz discusses the rail operator’s quarterly earnings and the impact of the Trump administration’s trade policies on the business. Full story and video: CNBC Friday, July 20, 2018
Read MoreUnion Pacific’s 2Q 2018 performance hurt by train crew shortages
(Source: Associated Press, July 19, 2018) OMAHA, Neb. — Union Pacific hauled in 29 percent more second-quarter profit as the railroad handled 4 percent more shipments, but the results might have been better if not for some operational challenges. UP CEO Lance Fritz said the railroad’s performance was hurt by shortages of train crews and…
Read MoreUnion Pacific reports Q2 2018 results
(Source: Union Pacific press release, July 19, 2018) OMAHA, Neb. — Union Pacific Corporation today reported 2018 second quarter net income of $1.5 billion, or a second quarter record $1.98 per diluted share. This compares to $1.2 billion, or $1.45 per diluted share, in the second quarter 2017. Second Quarter Results • Diluted earnings per…
Read MoreOpen Enrollment for the BLET Short Term Disability On-The-Job (Part B) Coverage
INDEPENDENCE, Ohio, July 16 — Open Enrollment for the BLET’s Short Term Disability On-The-Job (Part B) insurance has started and will end on July 31, 2018. Those who enroll will have their coverage take effect on August 1, 2018. If you are a locomotive engineer working on a participating railroad your Off-The-Job (Part A) coverage…
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