Union Pacific contractors were moving lots of dirt when this reporter visited the Brazos Yard site in Texas in November 2018. The location was to be the new crown of UP’s capabilities to improve and increase volume and service to the expanding customer base in the Houston and Gulf Coast chemical and petrol industry complex.
Despite declines in operating revenue and revenue carloads, and coping with severe weather problems, Union Pacific managed to post record first-quarter financial results, based on what it’s calling “improved operating performance.”
The Federal Transit Administration (FTA) announced on April 8 that John J. Brennan III is set to join the DOT agency as Chief Counsel.
Union Pacific posted solid financials for fourth-quarter and full-year 2018, and committed to a 2019 capital program that will equal 2018’s $3.2 billion.
The U.S. Class I railroads started the New Year in impressive fashion, as freight and intermodal traffic notched solid gains for the week ending January 5.
As it deploys a new operating system, Union Pacific has appointed Jim Vena as Chief Operating Officer, effective Jan. 14. He was a 40-year veteran of CN before retiring in 2016.
Carload freight, containers and trailers carried by U.S. railroads continued a strong year-end surge, according to the Association of American Railroads.
Total U.S. rail traffic was 567,252 carloads and intermodal units for the week ending December 22, up 4.2% from the year-ago week.
Traffic on U.S. railroads was 568,941 carloads and intermodal units for the week ending December 15, up 3.9% compared with the same week in 2017.
For the week of December 8, U.S. weekly rail traffic was 570,225 carloads and intermodal units, up 3.1% from the same week in 2017.
