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Union Pacific Railroad
CBP reopens key ports of entry for freight trains at US-Mexico border
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U.S. Customs and Border Protection reopened the three international border bridges at Eagle Pass and...
UP to customers: Urge Congress to help reopen US-Mexico rail crossings
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Union Pacific wants customers to urge Congress to pressure U.S. border officials to provide a...
Railroads can collaborate with truck carriers to serve customers
This fireside chat recap is from FreightWaves’ Domestic Supply Chain Summit on Wednesday.
FIRESIDE CHAT TOPIC: How shippers can/should use the railroads in their supply chain strategies in 2024 and beyond.
DETAILS: Matt Gloeb, general manager of planning and product development for the marketing and sales division of Union Pacific, chats with FreightWaves’ chief economist Anthony Smith about how collaboration between the rail and trucking industries can aid in the successful implementation of...
https://www.freightwaves.com/news/railroads-can-collaborate-with-truck-carriers-to-serve-customers
Maintenance-of-way rail union and Union Pacific tussle over furloughs
Debate about furloughs at Union Pacific and how many employees could be affected continue to play out in the public arena following a recent industry conference where Surface Transportation Board Chairman Marty Oberman called out Union Pacific leadership.
The Brotherhood of Maintenance of Way – Employes Division (BMWED) sent two letters to the STB: one on Oct. 27 before the RailTrends conference in November hosted by Progressive Railroading and independent Wall Street analyst Tony Hatch and one...
Union Pacific to operate international intermodal terminal in Phoenix
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Union Pacific is beefing up its intermodal offerings through two new options: an international...
Class I railroad executives outline plans to bolster rail service
The ongoing theme of improving rail service as a means to capture market share away from trucking again appeared in comments from Class I railroad executives speaking at recent investor conferences.
To frame the discussion around rail service, CSX executives started by looking at what factors and conditions led market share away from rail to truck.
The railroads need to demonstrate that the service they provide is consistently reliable, according to CSX President and CEO Joe Hinrichs. who pointed...
https://www.freightwaves.com/news/class-i-railroad-executives-outline-plans-to-bolster-rail-service
Union Pacific’s new CEO wants to win
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As Union Pacific seeks to climb its way out of 2023’s headwinds of elevated inflation rates and...
https://www.freightwaves.com/news/union-pacifics-new-ceo-wants-to-win
Union Pacific’s Q3 net profit declines 19%
Union Pacific’s net profit for the third quarter of 2023 slipped 19% amid a 10% drop in overall revenues, the Western U.S. Class I railroad said Thursday morning.
Third-quarter 2023 net income was $1.53 billion, or $2.51 per diluted share, compared with nearly $1.9 billion, or $3.05 per diluted share, for the third quarter of 2022.
“We faced many challenges in the quarter, including continued inflationary pressures and a drop in carloads,” UP CEO Jim Vena said in Thursday’s earnings release....
https://www.freightwaves.com/news/union-pacifics-q3-net-profit-declines-19
UP to offer intermodal service linking Mexico, US Southeast
Add Union Pacific to the list of Class I railroads seeking a better link for customers between the U.S. Southeast and Mexico.
The western U.S. Class I railroad announced this week that it will be offering intermodal service that originates on Mexican rail carrier Grupo México from both Monterrey in Nuevo Leon and Silao in Guanajuato to cities in the southeastern U.S.
The intermodal service is targeted for domestic freight within North America that doesn’t come from the ports, UP told...
https://www.freightwaves.com/news/up-to-offer-intermodal-service-linking-mexico-us-southeast