CPKC Lands Schneider Business
Canadian Pacific Kansas City (CPKC), in one of its first moves since officially combining Canadian Pacific and Kansas City Southern on April 14, has announced a new multi-year agreement with Schneider National
Union Pacific
Weather, Inflation Impact UP 1Q23 Results (Updated, TD Cowen and SFG Analysis)
“We delivered greater network fluidity and resiliency in the first quarter even as we faced a series of significant weather events,” Union Pacific Chairman, President and CEO Lance Fritz said during the Class I’s financial report on April 20. “In addition to the impact of weather on carload volumes and costs, higher inflation also reduced our operating income and more than offset our record first quarter operating revenue.”
Railway Age 2023 Readers’ Influential Leaders
Railway Age is pleased to present the fourth-annual “Readers’ Influential Leaders” program honorees.
TCC to Offer Ariz.-Based, UP-Served ‘Shovel-Ready’ Sites
A 192-acre site in Mesa, Ariz., will be divided into industrial-use subsites to be served by Union Pacific (UP), according to global real estate developer Trammell Crow Company (TCC), which recently acquired the property with a client of CBRE Investment Management.
Class I Briefs: UP, BNSF, CN
Union Pacific (UP) moves more containers for WM (formerly Waste Management) in 2022 than in any other single year. Also, BNSF donates toward the purchase of a second location for the Tulsa Dream Center; and CN launches new tool to help its customers calculate greenhouse gas (GHG) emissions.
Class I Briefs: BNSF, UP, CSX
BNSF hosts University of Illinois Urbana-Champaign researchers from the Rail Transportation and Engineering Center (RailTEC) at its Fort Worth campus. Also, Union Pacific (UP) Assistant Vice President, External Relations Wes Lujan has been named one of Profiles in Diversity Journal’s 2023 Latino Leadership Award winners; and CSX’s automated new vehicle inspection portals help make Total Distribution Services Inc. (TDSI) more efficient.
Patriot Rail to Provide Rail Services at Rocky Mountain Rail Park
Denver, Colo.-based infrastructure company Rocky Mountain Industrials, Inc. (RMI) announced April 10 that it has entered into a definitive agreement with Patriot Rail Company LLC to provide operational and rail-related services to customers within the new Rocky Mountain Rail Park.
NS, UP, Wabtec Among ‘America’s Greatest Workplaces for Women’
Norfolk Southern (NS), Union Pacific (UP) and Wabtec Corporation have earned spots on the 2023 America’s Greatest Workplaces for Women list, compiled by Newsweek and data firm Plant-A Insights Group. The 600
Lawmakers, Environmental Groups Urge DOT to Reject Use of Bonds to Fund Uinta Basin Railway
U.S. Sens. Michael Bennet and John Hickenlooper and U.S. Rep. Joe Neguse (D-Colo.), along with more than 150 environmental groups, some from as far away as New Jersey, have sent a letter to U.S. Transportation Secretary Pete Buttigieg urging the U.S. Department of Transportation (DOT) to reject the use of tax-exempt “private activity bonds” for the Uinta Basin Railway, stating that the project would “undermine President Biden’s priority of addressing the climate crisis, and harm communities through which these oil trains will travel and where this oil will be refined.”
Class I Briefs: CN, UP
CN donates $20,000 to the National Civil Rights Museum in Memphis, Tenn. Also, Union Pacific’s (UP) Vice President-Operations Carl Garrison is named to Profiles in Diversity Journal’s short list of 2023 Latino Leadership Award winners.