Class I Briefs: CSX, NS, UP
CSX celebrates two years injury-free at its Intermodal Terminal in Tampa, Fla. Also, Norfolk Southern (NS) is recognized for energy efficiency and nature-based initiatives; and Union Pacific (UP) thanks military veterans.
Union Pacific
Report: UP CEO Vena Focused on ‘Safety and Service’
In some of his first public comments since taking the helm at Union Pacific (UP) on Aug. 14, CEO Jim Vena told investors Sept. 12 at Morgan Stanley’s 11th Annual Laguna Conference
FRA Questions UP on Rolling Stock Safety Compliance (Updated)
Federal Railroad Administrator Amit Bose on Sept. 8 sent a letter to Union Pacific “to express serious concern about specific and significant risk to rail safety.” “Compliance of the rolling stock (freight
UP Upgrades Eagle, Falcon Premium Intermodal Services
Recent operational changes have allowed Union Pacific (UP) to remove a full day of transit time for customers shipping on its Mexico intermodal products, Eagle and Falcon Premium, which connect the United States, Mexico and Canada.
NTSB Opens Public Docket for Ongoing Investigation of Fatal UP Collision (Updated with Commentary)
The National Transportation Safety Board (NTSB) has opened a public docket for its ongoing investigation of the Sept. 8, 2022 accident near Imperial County, Calif., involving a Union Pacific (UP) freight train
Sasser Names Clark President of Chicago Freight Car and CF Rail Services
Sasser Family Companies on Sept. 11 announced that it has named Thomas Clark as company President of its Rail division, which includes Chicago Freight Car and CF Rail Services. Clark will report
Class I Briefs: UP, CPKC
Union Pacific (UP) ranks seventh on the inaugural Global Top 200 Inspiring Workplaces list. Also, the Canadian Pacific Kansas City (CPKC) International Grand Prix raises more than $90,000 for the Libin Cardiovascular Institute.
Commentary
TD Cowen: Day 1 Transport Conference Takeaways
We hosted freight industry “fireside chats” and presentations on Day 1 of the TD Cowen 16th Annual Global Transportation Conference, being held Sept. 6-7 in Boston. While we heard that the rail
STB: Five Class I’s Revenue Adequate for 2022
The Surface Transportation Board (STB) has found five U.S. Class I railroads to be revenue adequate for 2022: BNSF, CSX, Norfolk Southern, Soo Line (the U.S. affiliate of Canadian Pacific), and Union Pacific.
UP: Using Green-Bond Proceeds to Reduce Carbon Footprint
Union Pacific (UP) has issued a 2023 Green Bond Allocation and Impact Report, highlighting projects funded by $590.8 million in net proceeds.