Archive for October 23, 2020

(Source: Progressive Railroading 10/22/2020) U.S. freight-rail traffic rose 2.2% to 518,763 carloads, containers and trailers for the week ending Oct. 17 compared with the same week in 2019, according to Association of American Railroads (AAR) data. Total carloads for the week fell 7.5% to 226,828 units, while intermodal volume climbed 11.3% to 291,935 containers and trailers. Four…

(Source: Progressive Railroading 10/22/2020) Union Pacific Railroad today reported third-quarter 2020 net income decreased 12% to $1.4 billion, or $2.01 per diluted share, from $1.6 billion, or $2.22 per diluted share, in the same quarter last year. Operating revenue in the quarter fell 11% to $4.9 billion from a year ago. Third-quarter business volumes, as measured…

(Source: Progressive Railroading 10/23/2020) Union Pacific Railroad this week announced that Jim Vena, chief operating officer, will transition to a new role by year’s end. He will be succeeded by Eric Gehringer as executive vice president of operations, effective Jan. 1, 2021. Vena will remain employed at the company as senior adviser through June 2021. After…