Union Pacific’s board of directors elected President and Chief Operating Officer Lance Fritz Chairman, President and Chief Executive Officer, effective Oct. 1, 2015. He succeeds John Koraleski as Chairman. Koraleski plans to retire Sept. 30 after a 43-year career at UP.
Net income of $1.2 billion, compared with 2014 net income of $1.3 billion, combined with an operating revenue decrease of 10% and an operating income down 11%, resulted in a flat second-quarter 2015 for Union Pacific (UP), the railroad reported on July 23, 2015.
Union Pacific Railroad (UP) is investing nearly $15 million in its rail line between the Missouri/Iowa border and Trenton, Mo., part of an overall $66 million program in that state, the company announced July 13, 2015. The project began July 9 and is scheduled to be completed by mid-August.
Tools and techniques both new and old help railroads cope with weather extremes.
“We are lowering earnings expectations for most railroads to reflect traffic results,” says Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl, regarding upcoming second-quarter financial earnings of the Class I railroads.
High school graduation. Time for friends, family, celebration, and taking senior photos and videos. Lots of young people seek the perfect artistic backdrop: a “vanishing vista.” What better, more artistic vanishing vista is there than railroad tracks diminishing into the distance, right?
Union Pacific Railroad plans to invest nearly $102 million in 2015 to improve its rail infrastructure in Nebraska, the company announced on May 22, 2015.
Union Pacific has awarded a contract to RailComm to replace a legacy hardwired derail control system with an automated Domain Operations Controller® (DOC®) proprietary yard control application at its intermodal facility in Long Beach, Calif. The system will expand automation to all tracks in the facility.
James H. Evans, who served as Union Pacific Chairman of the Board from 1977 to 1985, died Monday, May 11, 2015. He was 94. UP did not report a cause of death.
To better serve its existing customers and continue to grow its customer base, Big Spring Rail Systems Inc. (BSR), a linehaul railroad that operates and maintains approximately 2.07 miles of rail line in Howard County, Tex., announced on May 11, a multi-million dollar expansion within the Big Spring McMahon Wrinkle Airpark.