INSIDER
Union Pacific's profit grows 9% as the railroad delivers more but results fall short of Wall Street
Read full article: Union Pacific's profit grows 9% as the railroad delivers more but results fall short of Wall StreetUnion Pacific’s third-quarter profit grew 9% as West Coast imports surged and drove the railroad’s total volume up 6%.
Railroads and regulators must address the dangers of long trains, report says
Read full article: Railroads and regulators must address the dangers of long trains, report saysA new report says the U.S. has seen an increase in the number of a certain kind of derailment related to the forces created when railcars push and pull against each other as freight trains have gotten longer.
Investigators say dispatching errors led to Union Pacific train crash that killed 2 workers
Read full article: Investigators say dispatching errors led to Union Pacific train crash that killed 2 workersDispatching errors and the failure of two backup systems allowed a Union Pacific train to slam into 74 railcars that had been parked on a side track for nine months in Southern California in 2022.
Union Pacific hasn't yet lived up to deal to give all its engineers predictable schedules
Read full article: Union Pacific hasn't yet lived up to deal to give all its engineers predictable schedulesThe union that represents train engineers says Union Pacific is holding back on its promises to make their schedules more predictable.
Union Pacific profit grows 7% as the railroad continues to get more efficient under CEO Jim Vena
Read full article: Union Pacific profit grows 7% as the railroad continues to get more efficient under CEO Jim VenaUnion Pacific delivered 7% growth in its second-quarter profit even though the number of shipments it hauled remained essentially flat because it was able to continue streamlining its operations.
Union Pacific's first-quarter profit creeps up 1% as railroad limits expenses
Read full article: Union Pacific's first-quarter profit creeps up 1% as railroad limits expensesUnion Pacific's first-quarter profit crept 1% higher and topped Wall Street expectations as the railroad tightened up on expenses even though it delivered slightly less freight.
Latest freight railroad layoffs and Wall Street pressure renew concerns about safety and service
Read full article: Latest freight railroad layoffs and Wall Street pressure renew concerns about safety and serviceThe latest rail layoffs this week, combined with an investment fund's ongoing campaign for control of Norfolk Southern, are renewing concerns among unions and regulators about all the cuts hurting safety and service.
Union Pacific profit up 1% as the railroad delivers more fertilizer, imported goods and chemicals
Read full article: Union Pacific profit up 1% as the railroad delivers more fertilizer, imported goods and chemicalsUnion Pacific's fourth-quarter profit crept up 1% as the railroad delivered more fertilizer, imported goods and chemicals.
Two railroad crossings are temporarily closed in Texas. Will there be a significant impact on trade?
Read full article: Two railroad crossings are temporarily closed in Texas. Will there be a significant impact on trade?The federal government has closed railroad crossings in two Texas border towns, raising concerns about the potential impact on cross-border trade.
Railyard explosion, inspections raise safety questions about Union Pacific's hazmat shipping
Read full article: Railyard explosion, inspections raise safety questions about Union Pacific's hazmat shippingFederal inspectors have twice found hundreds of defects in the locomotives and railcars Union Pacific was using at the world’s largest railyard in Nebraska, but none of those seem to explain why a shipping container filled with toxic acid exploded there this fall.
Union Pacific railroad's quarterly profit falls 19% as volumes slow and costs remain high
Read full article: Union Pacific railroad's quarterly profit falls 19% as volumes slow and costs remain highUnion Pacific's third-quarter profit fell 19% as the railroad hauled about 3% fewer shipments and costs remained high, but the average speed of its trains improved 5% as new CEO Jim Vena began to tweak the operations.
Government sues Union Pacific over using flawed test to disqualify color blind railroad workers
Read full article: Government sues Union Pacific over using flawed test to disqualify color blind railroad workersThe federal government has joined 21 former rail workers in suing Union Pacific over the way it used a vision test to disqualify workers the railroad believed were color blind and might have trouble reading signals telling them to stop a train.
Explosion in Union Pacific's massive railyard in Nebraska appears accidental, investigators say
Read full article: Explosion in Union Pacific's massive railyard in Nebraska appears accidental, investigators sayInvestigators say a blast that prompted evacuations near Union Pacific's massive railyard in western Nebraska last week appears to be accidental.
Railyard explosion in Nebraska isn't expected to create any lingering problems, authorities say
Read full article: Railyard explosion in Nebraska isn't expected to create any lingering problems, authorities sayNebraska authorities don't expect any lingering problems related to Thursday's explosion of a railroad shipping container carrying an acid used to make explosives because the chemical largely burned off and any residue was contained.
Explosion at world's largest railyard in Nebraska prompts evacuations because of heavy toxic smoke
Read full article: Explosion at world's largest railyard in Nebraska prompts evacuations because of heavy toxic smokeAn explosion inside a shipping container at the world's largest railyard prompted evacuations in western Nebraska Thursday because of the toxic smoke generated when one of the chemicals aboard caught fire.
Union Pacific's new CEO won't forego cuts as he works to improve safety and service at the railroad
Read full article: Union Pacific's new CEO won't forego cuts as he works to improve safety and service at the railroadUnion Pacific's new CEO came into the job last month with a reputation for cost-cutting.
Union Pacific hires CEO favored by hedge fund as profit falls 15% last quarter on weakening demand
Read full article: Union Pacific hires CEO favored by hedge fund as profit falls 15% last quarter on weakening demandUnion Pacific has hired the CEO candidate favored by a hedge fund that's been pressuring the railroad to improve.
Houston to spend millions to relocate residents living near polluted Union Pacific rail yard
Read full article: Houston to spend millions to relocate residents living near polluted Union Pacific rail yardHouston's mayor says the city plans to spend millions of dollars to relocate residents from neighborhoods located near a rail yard polluted by a cancer-linked wood preservative that has been blamed for an increase in cancer cases.
Train engineers deal with Union Pacific will improve schedules and address quality-of-life concerns
Read full article: Train engineers deal with Union Pacific will improve schedules and address quality-of-life concernsEngineers who operate trains for Union Pacific will soon have much more predictable schedules that will allow them to plan when they are going to be off.
‘Before someone is killed’: Cibolo councilman wants changes along FM 78 after another train crash
Read full article: ‘Before someone is killed’: Cibolo councilman wants changes along FM 78 after another train crashCibolo City Councilman Joel Hicks said it’s time for more action after another crash on Wednesday morning along FM 78 — this one at Country Lane.
Union Pacific sued after firing Texas rail worker on medical leave
Read full article: Union Pacific sued after firing Texas rail worker on medical leaveA lawsuit says Union Pacific routinely hires private investigators to check out employees' medical leave claims and then fires anyone who happens to leave their house while they are off.
One dead among 12 migrants found in train car in Eagle Pass, officials say
Read full article: One dead among 12 migrants found in train car in Eagle Pass, officials sayTwelve migrants were found in a rail car in Eagle Pass by U.S. Border Patrol after having been trapped for over 24 hours, according to officials.
Union Pacific 2nd railroad to drop push for one-person crews
Read full article: Union Pacific 2nd railroad to drop push for one-person crewsUnion Pacific has become the second major freight railroad in the past week to back away from the industry's longstanding push to cut train crews down to one person as lawmakers and regulators increasingly focus on rail safety following last month's fiery derailment in Ohio.
Union Pacific will replace rail CEO amid hedge fund pressure
Read full article: Union Pacific will replace rail CEO amid hedge fund pressureUnion Pacific has announced plans to replace its CEO later this year after a hedge fund that holds a $1.6 billion stake in the railroad went public with its concerns about his leadership.
Pedestrian struck by train on East Side taken to hospital with life-threatning injuries, officials say
Read full article: Pedestrian struck by train on East Side taken to hospital with life-threatning injuries, officials sayA person was hospitalized with life-threatening injuries on Sunday morning after they were struck by a train on the city’s East Side, according to a Union Pacific spokesperson.
Amid gains, railroaders seeking quality-of-life improvements
Read full article: Amid gains, railroaders seeking quality-of-life improvementsThe contract imposed on railroad workers last fall didn't resolve their quality-of-life issues, but there are indications the major freight railroads might start to address some of their concerns about demanding schedules and the lack of paid sick time.
Investors press railroads to add sick time for workers
Read full article: Investors press railroads to add sick time for workersThe major freight railroads now face pressure from investors to add sick days after Congress declined to require them as part of the contracts they imposed last week to avert a potentially devastating nationwide rail strike.
Key Texas industries could face bottlenecks over railroad labor dispute
Read full article: Key Texas industries could face bottlenecks over railroad labor disputeIf railroad companies and workers can’t resolve their dispute by Thursday night, the country could see its first railroad strike in 30 years.
Disqualified for disabilities, railroad workers fight back
Read full article: Disqualified for disabilities, railroad workers fight backUnion Pacific has already lost three lawsuits over the way it removes employees with health conditions because of safety concerns, and the prospect of hundreds more lawsuits looms over the railroad.
Disqualified for disabilities, railroad workers fight back
Read full article: Disqualified for disabilities, railroad workers fight backUnion Pacific has already lost three lawsuits over the way it removes employees with health conditions because of safety concerns, and the prospect of hundreds more lawsuits looms over the railroad.
Man trapped for more than 12 hours in train car rescued by firefighters
Read full article: Man trapped for more than 12 hours in train car rescued by firefightersA man trapped for more than 12 hours on a train was rescued by firefighters early Tuesday morning, according to the San Antonio Fire Department.
Fertilizer company complains about railroad shipment limits
Read full article: Fertilizer company complains about railroad shipment limitsA major fertilizer company says the limits Union Pacific is putting on rail traffic to clear up congestion will delay shipments that farmers rely on during the spring planting season.
Union Pacific Q4 profit up 24% despite weak rail volume
Read full article: Union Pacific Q4 profit up 24% despite weak rail volumeUnion Pacific hauled in 24% more profit in the fourth quarter even though supply chain problems and weak auto production continued to slow shipments because last year's results were weighed down by a one-time $278 million charge.
Train derails near LA site of recent wave of cargo thefts
Read full article: Train derails near LA site of recent wave of cargo theftsCrews are making railroad repair in Los Angeles after a train derailed near the location where thieves have been raiding cargo containers, leaving the tracks littered with empted boxes of packaged goods sent by retailers.
Man in critical condition after being pulled under train, San Antonio police say
Read full article: Man in critical condition after being pulled under train, San Antonio police sayA man in his 40s was taken to an area hospital in critical condition after being pulled under a train late Tuesday night, San Antonio police said.
US rail industry defends safety record amid staffing cuts
Read full article: US rail industry defends safety record amid staffing cutsSeveral major unions say the significant staff cuts railroads have made in recent years could jeopardize safety, but the major railroads say the new operating model they have adopted is simply helping them become more efficient and hasn’t made the railroads riskier.
Train honoring Bush returns to his Texas library for exhibit
Read full article: Train honoring Bush returns to his Texas library for exhibitBush on December 6, 2018 in College Station, Texas. The 41st president will be laid to rest near his presidential library next to his wife Barbara and daughter Robin. Bush to his burial has returned to his presidential library in College Station where it will become a permanent exhibit. Union Pacific originally commissioned the locomotive for the opening of an exhibit on trains at the presidential library. During the locomotive's 2005 unveiling in College Station, Bush talked about his fondness for trains, recalling sleeping on them as a child during trips with his family.
Judge says railroad talks should be included in lawsuits
Read full article: Judge says railroad talks should be included in lawsuitsFILE- In this July 31, 2018, file photo a Union Pacific train travels through Union, Neb. – A federal judge has ruled that the details of conversations between the nation's four largest railroads should be included in lawsuits challenging billions of dollars of charges the railroads imposed in the past. The lawsuits say the railroads conspired to boost prices starting in 2003 by imposing coordinated fuel surcharges and pocketing billions of dollars in profits. In the lawsuits, the railroads have argued that their fuel surcharges were legal and were simply designed to recover the skyrocketing cost of fuel at the time. Union Pacific, which is based in Omaha, Nebraska, plans to continue “vigorously defending itself against the allegations in these lawsuits,” spokeswoman Elizabeth Graham said.
Profit, revenue slump at Union Pacific, but volume improves
Read full article: Profit, revenue slump at Union Pacific, but volume improves– Union Pacific's profit and revenue slumped by double digits, though the volume of shipments it handled rebounded from the previous quarter as the economy emerged from the worst of the virus-related shutdowns earlier this year. The railroad earned $1.36 billion, or $2.01 per share in the third quarter, down 12% from $1.56 billion, or $2.22 per share, a year ago. Shares of Union Pacific Corp. dipped more than 6% Thursday. Union Pacific cut its expenses 12% to $2.89 billion during the quarter. Volume is up 4% so far in the fourth quarter, and Union Pacific expects that to end up in the low single-digit percentage range.