Pacific Harbor Line extends reach

Pacific Harbor Line said late Tuesday, Sept. 2, 2014 it is now “serving customers located in three industrial areas near the Ports of Los Angeles and Long Beach, linked to a 10-mile industrial spur owned by Union Pacific Railroad.”

Commentary

Rail revenue adequacy? Well, sort of

The Surface Transportation Board (STB) ruled Sept. 2 that five Class I railroads—BNSF, U.S. affiliates of Canadian National and Canadian Pacific, Norfolk Southern and Union Pacific—are revenue adequate. That is, they achieved a rate of return on investments used to provide railroad service that is at least equal to the average cost of that investment capital.

More upgrades for Chicago-St. Louis HrSR

Illinois Gov. Pat Quinn has pledged an additional $102 million in right-of-way upgrades for higher-speed rail (HrSR) improvements to accelerate passenger rail travel times between Chicago and St. Louis.

Oregon rejects coal export terminal plan

Oregon’s Department of State Lands on Monday, Aug. 18, 2014, denied a permit for construction of a coal export project on the Columbia River to bolster international coal export.

UP 2Q results beat the Street

Union Pacific said Thursday, July 24, 2014 its second-quarter net earnings rose 17%, to $1.29 billion, or $1.43 per share, measured against $1.11 billion, or $1.18 per share, in the comparable quarter of a year ago.

Wildfires damage Northwest rail lines

A series of wildfires in central and eastern Washington state, some blazing for nearly a week, have devastated entire communities and left several sections of railway damaged.

Illinois, UP mark projects new and old

Illinois Gov. Pat Quinn and Illinois U.S. Sen. Dick Durban (D) joined Union Pacific President and COO Lance Fritz Friday, June 27, 2014, to announce a joint $90 million addition of a third track to Metra’s West Line.

UP enhances premium intermodal service

Union Pacific has increased the frequency of two intermodal services, Portland-Chicago and Northern California-Chicago, both of which are part of UP’s top-tier “premium” intermodal service, with four-day delivery in the morning.

OmniTRAX acquires Sand Springs Railway Co.

OmniTRAX announced Wednesday, May 28, 2014 that it is acquiring Sand Springs Railway Co., a 32-mile short line linking the railroad’s namesake Oklahoma city with Tulsa, Okla.

UP officially opens New Mexico rail facility

New Mexico Gov. Susana Martinez joined Union Pacific Chairman and CEO Jack Koraleski in ceremonially opening UP’s new 2,200-acre facility in Santa Teresa, N.M. on Wednesday, May 28, 2014.

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