General Information
Union Pacific eyes highway-to-rail conversion opportunities
(Source: Freight Waves, July 24, 2020) CHATTANOOGA, Tenn. — Union Pacific is looking for opportunities to take more market share away from trucks, whether that means through investments or through its own service product, executives said during the company’s second-quarter earnings call Thursday. Full story: Freight Waves Monday, July 27, 2020
Read MoreUP’s Fritz: “Second quarter proved very challenging”
(Source: Railway Age, July 23, 2020) NEW YORK — Union Pacific (UP), the fifth Class I to report second-quarter 2020 financials, was hit hard, like most of its peers. Net income of $1.1 billion, or $1.67 per diluted share, was 41% lower than the $1.6 billion, or $2.22 per diluted share, reported in 2Q19. Full…
Read MoreUnion 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
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