Union Pacific Thursday reported net income of $957 million, or $2.03 per share, in the first quarter of 2013, up from $863 million, or $1.79 a share, in the first quarter of 2012. The results also beat Wall Street consensus earnings estimates of $1.95 a share.
A new law in New Mexico will provide a tax break to lower the cost of locomotive fuel for the BNSF Railway Co., the Associated Press reported Wednesday.
Union Pacific’s 2012 employee safety performance was the best in the company’s 150-year history—a 1.01 reportable injury rate, surpassing the former record of 1.15 achieved in 2011. From 2002 to 2012, employees improved their reportable injury rate by 58%.
Federal Railroad Administrator Joseph C. Szabo Friday joined senior railroad industry leaders and labor officials to launch a collaborative effort to educate and raise awareness among rail industry employees of the dangers of using electronic devices on the job.
Union Pacific’s annual gathering of short lines in late October was all about giving short lines access to more tools, neatly arranged for ease of access, to bring more business to the railroad.