BLET News
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…
Read MoreNTSB 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…
Read MoreIntroduction to precision railroading, Part 2: Parsing the developments in recent earnings
(Source: freightwaves.com 10/29/2018) October 29, 2018 Brian Bowers, contributor 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 on? You…
Read MoreUP 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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