Jim Vena’s opening remarks Wednesday at the J.P. Morgan 2024 Industrials Conference could easily be seen as a rebuttal to one man: Amit Bose, the chairman of the Federal Railroad Administration.
Bose wrote a letter to the Union Pacific (NYSE: UNP) CEO Feb. 29, responding to reports of extensive furloughs at the Class 1 railroad that serves the Western half of the U.S. “The [FRA] has previously communicated our concerns to UP regarding the potential risks of reducing staffing levels in critical...