Archive for October 2018

Introduction to precision railroading, Part 2: Parsing the developments in recent earnings

(Source: freightwaves.com 10/29/2018) October 29, 2018 Brian Bowers, contributor This article by FreightWaves advisor and intermodal consultant Brian Bowers is the second of three reviewing the controversial subject of precision railroading, an operational system and a management philosophy that in the railroad business today is leading to one question: which side are you on? You…

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UP touts Q3 financial performance, Unified Plan 2020 progress

(source: Progressive Railroading 10/25/2018) By Jeff Stagl, Managing Editor Today, Union Pacific Railroad announced its third-quarter diluted earnings per share reached $2.15, representing a 43 percent year-over-year increase and an all-time quarterly record. In addition to sharing that encouraging financial result — as well as a few disappointing ones — during an earnings conference this morning, UP senior…

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UP laying off 475, cutting 200 contract jobs

(Source: Associated Press, October 24, 2018)  OMAHA, Neb. — Union Pacific will lay off 475 railroad workers and eliminate another 200 contract jobs by the end of the year to further reduce its expenses. Full story: www.ktiv.com

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Oregon eyes $1 billion plan to add passenger trains between Portland and Eugene

(Source: The Oregonian, October 19, 2018)  PORTLAND, Ore. — Oregon wants to dramatically increase the number of passenger trains running between Portland and Eugene during the next 17 years, a proposal that could cost upwards of $1 billion to implement but officials say would give commuters a more reliable and convenient option other than driving.…

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