Archive for July 2020

(Source: CBS Los Angeles, July 27, 2020) LOS ANGELES — Police for the Union Pacific Railroad will no longer collaborate with Immigration and Customs Enforcement (ICE) to detain people and transfer them into federal custody, the ACLU announced Monday. Full story: CBS Los Angeles Tuesday, July 28, 2020

(Source: Norfolk Southern press release, July 27, 2020) NORFOLK, Va. — Norfolk Southern Corporation today announced its board of directors has appointed Cindy Sanborn executive vice president and chief operating officer, effective Sept. 1, 2020. Sanborn will succeed Michael Wheeler, who will retire from the company effective Oct. 1, 2020. “When we began the search for…

(Source: Kallanish Energy, July 28, 2020) HOUSTON — The Trump administration has published a new rule that authorizes the bulk movement of liquefied natural gas (LNG) by rail, and that has resulted in two environmental groups announcing that they intend to sue because the rule creates a serious danger, Kallanish Energy reports. The Center for…

(Source: Freight Waves, July 24, 2020) CHATTANOOGA, Tenn. — Union Pacific is looking for opportunities to take more market share away from trucks, whether that means through investments or through its own service product, executives said during the company’s second-quarter earnings call Thursday. Full story: Freight Waves Monday, July 27, 2020

(Source: Railway Age, July 23, 2020) NEW YORK — Union Pacific (UP), the fifth Class I to report second-quarter 2020 financials, was hit hard, like most of its peers. Net income of $1.1 billion, or $1.67 per diluted share, was 41% lower than the $1.6 billion, or $2.22 per diluted share, reported in 2Q19. Full…