Union Pacific’s chief executive has told federal regulators the railroad will pause its use of embargoes in order to give the congestion-alleviation practice a “hard look.”
UP (NYSE: UNP) had gotten flak from shippers, labor officials and the Surface Transportation Board for a dramatic increase in the number of embargoes it has issued this year and last year. The scrutiny came to a head last week when the board held a hearing last Tuesday and Wednesday on why the number of UP’s embargoes has...