UP’s Fritz tags Trump’s tariffs “troubling”
Union Pacific’s top executive described as “troubling in a number of ways” President Trump’s plan to levy steep tariffs on imported steel and aluminum.
Union Pacific’s top executive described as “troubling in a number of ways” President Trump’s plan to levy steep tariffs on imported steel and aluminum.
Shipments of containers and trailers posted healthy gains while commodity carloads were weaker from a year ago.
The Association of American Railroads said U.S. rail traffic for the week ending February 10 was 519,545 carloads and intermodal units, up 1.6% from the same week a year ago.
Union Pacific on Feb. 1 unveiled its Community Ties Giving Program, which increases its overall charitable giving to more than $20 million. Designed to support two primary areas—Local Grants and Key Partnerships—UP’s philanthropic outreach “aligns with its longstanding commitment to Building America,” the railroad said.
Union Pacific Corp. reported 2017 fourth quarter net income of $7.3 billion, or $9.25 per diluted share compared to $1.39 per diluted share in the year-ago quarter.
Cindy Sanborn, the first woman to hold a senior operating executive role at a Class I railroad, and who was unceremoniously axed by the late E. Hunter Harrison in a messy management purge at CSX, has joined Union Pacific as Regional Vice President Transportation-Western Region, effective Feb. 16, 2018.
Petroleum and related products were one of the few gainers as the Association of American Railroads reported U.S. weekly rail traffic was 508,239 carloads and intermodal units, down 2.9% from the same week a year ago.
Members of the Transportation Communications International Union (TCU) and Brotherhood Railway Carmen (BRC) have ratified new contract terms with the nation’s major freight railroads covering more than 17,000 employees.
A Washington state port set a deadline for the developer of a controversial oil-by-rail terminal to have approvals in place or lose its lease, which would effectively kill plans to develop the largest such project in the U.S.
The Association of American Railroads said U.S. rail traffic for the week ending Jan. 6 totaled 415,862 carloads and intermodal units, down 4.6% from the year-ago week.