BLET News
UP to release 1Q 2018 results on April 26
(Source: Union Pacific press release, March 28, 2018) OMAHA, Neb. — You are invited to listen to Union Pacific Corporation’s first quarter 2018 earnings release presentation that will be broadcast live over the Internet and via teleconference on Thursday, April 26, 2018, at 8:45 a.m. Eastern Time. What: Union Pacific Corporation’s First Quarter 2018 Earnings Release…
Read MoreSTB: Class I employment up a bit since January
(Source: Progressive Railroading, March 23, 2018) As of mid-February, Class Is in the United States employed 144,815 workers, up 0.34 percent as of mid-January, but down 2.71 percent compared with mid-February 2017’s employment, according to the Surface Transportation Board. Five of six employment categories reflected workforce increases in mid-February compared with mid-January including transportation (train…
Read MoreCanada’s crude by rail terminals sit idle as oil glut grows
(Source: Bloomberg, March 27, 2018) NEW YORK — Stranded Canadian crude is waiting for trains to take it to U.S. refineries. Full story: Bloomberg Tuesday, March 27, 2018
Read MoreUnion Pacific CFO sells $3.4 million in company stock
(Source: The Lincolnian, March 21, 2018) NEW Y ORK — Union Pacific Co. CFO Robert M. Knight, Jr. sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 20. The stock was sold at an average price of $137.39, for a total value of $3,434,750.00. Following the transaction, the chief…
Read MoreFRA: PTC operating on 56 percent of freight route miles
(Source: Progressive Railroading, March 21, 2018) Positive train control (PTC) systems are operating on about 56 percent of freight railroads’ route miles that are required to be governed by PTC systems, up from 45 percent in third-quarter 2017 and 16 percent on Dec. 31, 2016, the Federal Railroad Administration announced yesterday. Full story: Progressive Railroading Thursday,…
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