Imagine waking one day to hear the news that Canadian Pacific Railway, in its quest to expand market reach, has acquired hundreds of miles of Union Pacific trackage in the northwestern United States. Relax. No such deal has been announced—at least not yet.
Rail industry leaders were bullish on the quarter-to-date at the latest “Suds with Seidl” event, with one panelist citing a spring surcharge for containers, underlying the strong rate backdrop for carriers.
The Colorado, Midland & Pacific Railway Co. (CMPR), a wholly owned subsidiary of Rio Grande Pacific Corp. (Rio Grande), has asked the Surface Transportation Board (STB) to “restrict the proposed lease of the [Tennessee Pass rail] Line against the transportation of crude oil, coal and hazardous commodities.”
Shipping container shortages in Asia, traffic jams at ports, limited availability of dockworkers and truck drivers from Southern California to Singapore, higher shipping prices—all are part of a now-stretched supply chain due to the pandemic, according to a recent New York Times report. What is the impact on rail?
As part of a special series in Railway Age’s March 2021 issue, 11 North American railroad CEOs address the daunting challenges the freight rail industry faces as the 21st century enters its third decade—from operations and technology to marketing and growth. Here, Lance Fritz, Chairman, President and CEO of Union Pacific, discusses how the Class I railroad’s CAPEX strategy focuses not only on maintaining and improving our network, but also on expanding it.
Editor’s Note: As a polar vortex gripped much of the U.S. in February, railroad field employees braved harsh conditions to keep trains running and workers safe. Here are a few examples from Union Pacific, originally posted on the Safety section of the Class I’s website.
A federal district court on Feb. 19 ruled in the plaintiffs’ favor on multi-district litigation comprising more than 200 shippers who allege that BNSF, CSX, Norfolk Southern and Union Pacific have conspired to engage in fuel surcharge price-fixing since 2003.
MidRail LLC Chairman Gil Lamphere and Watco CEO Dan Smith are joining an expert panel sharing growth strategies at Railway Age’s Next-Gen Freight Rail 2021, to be held virtually March 10.
Union Pacific Locomotive Engineer and TSC (Total Safety Culture) Coordinator Wade Wilde of Ogden, Utah, has received the Class I railroad’s 2020 J.C. Kenefick Safety Award.
An explanation of Precision Train Builder, developed by Union Pacific subsidiary PS Technology.