UP renews share repurchase program ahead of schedule

Union Pacific’s Board of Directors on Thursday, Nov. 21, 2013, approved the early renewal of its share repurchase program, authorizing repurchase of up to 60 million common shares by Dec. 31, 2017.

New Missouri bridge to relieve rail bottleneck

A ceremony is set for Monday, Nov. 25, 2013 to officially open a new rail bridge spanning the Osage River in Missouri, which officials say “eliminates the last major bottleneck between St. Louis and Jefferson City.”

UP to grain customers: We can handle it

Union Pacific shipped an all-time-high number of grain trains to the Pacific Northwest in October 2013, and says it is poised to help its customers take advantage of a record grain harvest.

UP 3Q earnings soar to record

Union Pacific Corp. reported third-quarter net income of $1.15 billion, or $2.48 per share, Thursday, Oct. 17, 2013, up 10% from $1 billion, or $2.19 per share, in the third quarter of 2012.

UP flood damage prompts Amtrak detour

Union Pacific’s Moffat Tunnel route has been closed for repairs west of Denver for an undetermined period following flood damage afflicting wide portions of Colorado, resulting in a detour for Amtrak’s California Zephyr.

Nebraska short line marks 20 years

The Nebraska Central Railroad Co. (NCRC) says it will commemorate “20 years of excellence” through a series of celebratory activities that will be held Sunday, Sept. 15, 2013, in its headquarters city of Norfolk, Neb.

Experts weigh in on LNG

Programs to evaluate LNG (liquefied natural gas) as a locomotive fuel are expanding throughout the rail industry, led by such stakeholders as GE Transportation, Electro-Motive Diesel, BNSF, Union Pacific, CN, Clean Energy Fuels, Chart Industries, Westport Innovations, Waste Management, and many others. At the 2013 GE Transportation/Norfolk Southern Railroad Sustainability Symposium, a panel of industry experts talked about current LNG projects, and the potential of this relatively new alternative to diesel fuel.

UP Arrowedge technology to debut this month

Union Pacific has formally unveiled its Arrowedge® employee-designed aerodynamic technology for fuel and locomotive emissions reductions for use on double-stack intermodal freight trains. UP expects to introduce the technology on intermodal service between Joliet, Ill., and Long Beach, Calif., this month.

Potash resilient after consortium break-up

One of railroading’s least-recognized commodities found itself in the global spotlight this summer. On July 30, Russian potash producer Uralkali announced it was severing ties to the Belarusian Potash Company, a joint marketing venture with rival producer Belaruskali. Uralkali’s exit was in response to Belaruskali making independent sales of potash to China.

CP and UP forge Canada-to-California CBR corridor

For the past year, BNSF Railway has dominated in the shipment of crude by rail (CBR) from North America’s Bakken shale formation westward to refineries and ship terminals along America’s Pacific Coast. Now, Canadian Pacific and Union Pacific are teaming up to move crude oil from Canada south into California.
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