UP Chairman Lance Fritz, right, speaks with UP Machinist Marco Melendez during a recent field visit to the Proviso Diesel Facility in Illinois. (Caption and Photograph Courtesy of UP)
Commentary

It’s Been an Honor of a Lifetime (Updated)

I’ve spent the last couple days packing up my office, and spending time talking with friends, business leaders, and community leaders about “what’s next” for me.

(Union Pacific Photograph, via Twitter)

Ratified: UP, SMART-TD Paid Sick Leave Deal (UPDATED)

Union Pacific (UP) on Aug. 2 reported ratifying an agreement with the International Association of Sheet Metal, Air, Rail and Transportation Workers (SMART-TD) to provide up to eight paid sick leave days

Railroad Cost of Capital Set at 10.58% for 2022

The Surface Transportation Board (STB) has determined that the cost of capital for the railroad industry was 10.58% for 2022.

Commentary

Union Pacific Internship Experience Helps Strengthen Community Ties

An internship in the transportation industry never crossed my mind until my college’s career center reached out regarding an opportunity to join the Union Pacific Corporate Giving team.

TXGN, UP Celebrate Completion of New Interchange

TNW Corporation on July 26 celebrated the successful completion of a new interchange between Texas Gonzales Northern Railway (TXGN) and Union Pacific (UP) with a ribbon cutting ceremony. The nearly $5 million

Shariff Gonnella (left) is succeeding Norma Torres as BRG President.

OmniTRAX Appoints Shariff Gonnella as President, BRG

Shariff Gonnella on Aug. 1 will become President of OmniTRAX affiliate Brownsville & Rio Grande International Railway, LLC (BRG), succeeding Norma Torres, a 2021 Railway Age Women in Rail honoree who will

“We are extremely excited about the growth opportunity we have unlocked with our partner, Union Pacific, in the north-south corridor between Mexico, the U.S. and Canada, utilizing the Falcon Premium service product,” said Phillip Yeager, Hub Group’s President and CEO, on July 27. “Hub Group continues to expand our capabilities and deliver service, integrity and innovation to our customers’ supply chains.” (Hub Group Photograph)

Class I Briefs: UP, NS, CSX

Union Pacific (UP) reports on LinkedIn and Twitter that partner Hub Group “will leverage their growing fleet with our improved premium service product to now serve all of North America’s automotive production facilities.” Also, Norfolk Southern (NS) surprises Atlanta (Ga.) Public Schools with two $50,000 donations; and CSX celebrates its “heritage of passion and dedication” with a railroader family that reaches back four generations.

UP: 2Q23 Revenues Down as Consumer Market Softens (UPDATED, TD Cowen Insight)

On July 26, concurrent with executive leadership changes tagged by some as the “Fritz Split,” Union Pacific posted second-quarter 2023 financials reflecting lower net income and operating revenues, and a higher operating

Effective Aug. 14, Jim Vena (left) becomes CEO and member of the Board; Beth Whited, President; and Mike McCarthy (second from right), Board Chair. Lance Fritz, UP Chairman, President and CEO, has stepped down.

UP: Vena, Whited, McCarthy to Split CEO, President and Chair Posts

Effective August 14, 2023, Union Pacific Chairman, President and CEO Lance Fritz’s responsibilities will be split three ways: Jim Vena will return to UP as Chief Executive Officer and a member of

Members of the GSC and MacMillan-Piper Management Teams

GSC Acquires MacMillan-Piper, Grows PNW Footprint

Provider of 3PL services GSC announced July 24 that it has acquired Seattle-based specialty transloader MacMillan-Piper, “bolstering its portfolio with a network of proprietary rail transload facilities, additional warehousing capacity, and expanded transloading capabilities with expertise in agricultural, paper, lumber, steel, dry bulk commodities and more.”

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