For the second year in a row, Union Pacific was selected as the top performing railroad by leading U.S. agricultural shippers in the third annual Soy Transportation Coalition (STC) Railroad Report Card, the coalition announced Thursday.
In conjunction with bestowing the Harriman Awards for corporate rail safety on Tuesday in Washington, D.C., industry leaders also took time to honor individual employees notching significant safety achievements, who were honored with the 2011 Harold F. Hammond Award. Receiving recognition for outstanding safety achievement during 2011 were — Joseph Faigl, conductor with Union Pacific Railroad, and Mark Sheffield, mechanical supervisor with the South Buffalo Railway Co.
The Surface Transportation Board has ordered BNSF and Union Pacific to pay reparations totaling $9,244,144 to Arizona Electric Power Cooperative for rate overcharges for the movement of utility coal.
Illinois Governor Pat Quinn and the Illinois General Assembly have proclaimed July 1, 2012, as “Union Pacific Railroad Day” in Illinois to honor UP during its year-long 150th anniversary celebration.
Union Pacific Thursday reported its first-quarter profit was $863 million, or $1.79 per share, in the first quarter of 2012, up dramatically from $639 million, or $1.29 per share, in the first quarter of 2011, and handily beating Wall Street expectations of $1.64 per share.
Union Pacific has named 74 companies as annual Pinnacle Award recipients for chemical transportation safety.
Toyota Logistics Services recognized Union Pacific Railroad as the top rail transportation provider with its 2011 President’s Award. UP received the award for its high level of overall logistics excellence among rail carriers, the Class I carrier noted Monday.
Union Pacific directors have named Eric L. Butler executive vice president, Marketing and Sales, succeeding Jack Koraleski, who is serving as acting president and CEO while Chairman Jim Young is on medical leave.
Amtrak and Union Pacific reportedly have reached agreement to adjust schedules for Amtrak’s tri-weekly Sunset Limited, connecting New Orleans and Los Angeles, changing the train’s westbound departure from New Orleans from Friday to Saturday.
Union Pacific told JPMorgan’s Aviation, Transportation and Defense conference Tuesday that while most shipping volumes are up this year, it expects a 7% drop in first-quarter coal volume due to the mild winter.