Archive for July 2020
Union Pacific signals caution as U.S. COVID-19 infections surge
(Source: Reuters, July 23, 2020) NEW YORK — Union Pacific Corp. on Thursday signaled caution on the U.S. economic recovery as a spike in COVID-19 infections forces cities and states to backtrack on plans to reopen businesses that were shuttered to contain the pandemic. Full story: Cape Breton Post Monday, July 27, 2020
Read MoreFRA reorganizes rail safety office
(Source: Progressive Railroading 07/24/2020) The Federal Railroad Administration‘s (FRA) Office of Railroad Safety has completed a yearlong reorganization to improve the regulation of railroad safety, regulators announced in the agency’s newsletter. Two key aspects of the reorganization are the creation of safety management teams (SMTs) for Class Is, short lines and commuter railroads, and the “re-alignment”…
Read MoreMetra asks STB to intervene in UP service dispute
(Source: Progressive Railroading, July 22, 2020) Metra yesterday asked the Surface Transportation Board (STB) to issue a preliminary injunction to prevent Union Pacific Railroad from taking steps that the Chicago commuter railroad says would “degrade or halt” service on the three Metra lines operated by UP. Full story: Progressive Railroading Thursday, July 23, 2020
Read MoreUnion Pacific reports Q2 2020 financial results
(Source: Union Pacific press release, July 23, 2020) OMAHA, Neb. — Union Pacific Corporation today reported 2020 second quarter net income of $1.1 billion, or $1.67 per diluted share. This compares to $1.6 billion, or $2.22 per diluted share, in the second quarter 2019. “The Second Quarter proved very challenging as we faced a volume decline…
Read MorePortland council sends $5B transit measure to voters
(Source: Progressive Railroading 07/22/2020) Portland, Oregon’s Metro Council last week approved a $5 billion regional transportation investment measure for greater Portland voters to consider on the November ballot. Known as Get Moving 2020, the measure includes plans to extend the Tri-County Metropolitan Transportation District of Oregon MAX light-rail system from downtown Portland to Tualatin. The measure would be the largest…
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