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Union Pacific just broke revenue records, so why is it laying off workers?

(Source: Casper Star Tribune, November 5, 2018)  CASPER, Wyo. — Loads of grain trundled down toward Mexico as summer ended, and strong crude prices drove up the number of rail cars hauling petroleum or liquefied gas by 40 percent. But Union Pacific ended a record third quarter with an announcement that nearly 700 jobs would…

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NTSB issues preliminary report in rear-end collision between UP freight trains in Granite Canyon, Wyo.

(Source: National Transportation Safety Board press release, November 5, 2018)  WASHINGTON, D.C. — On October 4, 2018, at 7:38 p.m. mountain daylight time, an eastbound Union Pacific (UP) freight train MGRCY04 (striking train) collided with the rear of a stationary UP freight train MPCNP03 (stationary train) in Granite Canyon, Wyoming. Prior to the accident, the crew…

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