BLET News

(Source: Bloomberg, January 25, 2018) NEW YORK — Union Pacific Corp. lost ground to Warren Buffett’s BNSF Railway Co. for a third year as the nation’s two largest railroads battled for western U.S. cargo. Shares fell the most in more than a year. Full story and video: Bloomberg Friday, January 26, 2018

(Source: Union Pacific press release, January 25, 2018) OMAHA, Neb. — Union Pacific Corporation today reported 2017 fourth quarter net income of $7.3 billion, or $9.25 per diluted share compared to $1.39 per diluted share in the fourth quarter 2016. Fourth quarter 2017 results include previously-disclosed adjustments reflecting the impact of corporate tax reform. Excluding those…

(Source: Omaha World-Herald, January 24, 2018) OMAHA, Neb. — A new fleet of petrochemical plants on the Texas Gulf Coast is expected to increase volumes on the region’s freight railroads, which include Omaha’s Union Pacific and Berkshire Hathaway-owned BNSF. Full story: Omaha World-Herald Wednesday, January 24, 2018

(The following is a statement from Dennis R. Pierce, National President of the Brotherhood of Locomotive Engineers and Trainmen (BLET) and President of the Teamsters Rail Conference.) INDEPENDENCE, Ohio, January 22 — Although it remains a travesty that criminal charges were ever filed, justice was served in the unanimous not guilty verdict issued by jurors…