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 Photo: Shutterstock 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…

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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.Full story: www.oregonlive.com…

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