UP: Idaho rail infrastructure investment of $35.8 million
Union Pacific’s rail network in Idaho will receive $35.8 million in 2016 capital funds.
Union Pacific’s rail network in Idaho will receive $35.8 million in 2016 capital funds.
Toyota Logistics Services has recognized Union Pacific with its 2015 Logistics Excellence Award in Customer Service. UP has earned the Toyota award eight consecutive years in recognition of outstanding logistics performance.
Union Pacific will spend $78.6 million improving its infrastructure in Nebraska this year. The planned spend is on top of the $200 million the railroad invested in its infrastructure in the state between 2011 and 2015.
Union Pacific announced a plan on May 4, 2016 to invest $121.6 million in 2016 to improve its infrastructure in California.
Union Pacific Railroad on April 28, 2016 recognized 65 companies with its distinguished Pinnacle Award for their commitment to safely transport chemical products. The annual award honors UP customers for implementing release prevention, corrective plans and having zero non-accident releases (NARs) of regulated hazardous materials shipments.
The Union Pacific Foundation announced on April 26, 2016 that it is assisting nonprofits in Arkansas, Arizona, California, Colorado, Idaho, Illinois, Iowa, Kansas, Louisiana, Minnesota, Missouri, Montana, Nebraska, Nevada, New Mexico, Oklahoma, Oregon, Texas, Utah, Washington, Wisconsin and Wyoming.
Mobile railcar repair company Freedom Railcar Solutions, LLC on April 20, 2016 announced that it has reached an agreement in principle with USA Rail Terminals, LLC to establish a mobile repair and cleaning presence at USA Rail’s 200-acre Port Allen Rail Terminal in Port Allen, La. Freedom’s new location will provide mobile and on-site railcar repair and cleaning services. Freedom’s mobile units will have the ability to serve customers within a 250-mile radius of USA Rail’s Port Allen Terminal. Freedom also will have access to a portion of track at the terminal allowing it to accept to the site railcars in need of repairs, requalification and cleaning.
Union Pacific on April 21, 2016 reported 2016 first-quarter net income of nearly $1 billion, or $1.16 per diluted share, compared to about $1.2 billion, or $1.30 per diluted share, in first-quarter 2015, and an operating ratio of 65.1%, essentially flat compared to the prior-year quarter.
The Association of American Railroads on April 12, 2016 presented Michael Hoey, a CSX Transportation civil engineer from Philadelphia, Pa., the 2016 John H. Chafee Environmental Excellence Award. U.S. Senator Cory Gardner (R-Colo.) was the 2016 John H. Chafee Congressional Environmental Award.
Union Pacific Corporation on April 5, 2016 announced that Jane H. Lute has been elected to the company’s Board of Directors, effective immediately.