People News: UP Elevates Hess, Kirchhoefer, Perkes

Union Pacific has promoted three Vice Presidents to serve in the Marketing and Sales division and at Loup Logistics, the railroad’s door-to-door intermodal shipping, transload and logistics services business.

Fritz Tops the Line-up at Next-Gen Freight Rail 2021

Union Pacific Chairman, President and CEO Lance Fritz will lead an expert panel sharing rail growth strategies at Railway Age’s Next-Gen Freight Rail 2021, to be held virtually March 10.

People News: NS Appoints Cary VP Ops Efficiency; WSP US Names Waldt Director

Norfolk Southern (NS) and consultancy WSP US have added new executives to their rosters.

Rail Ready: OmniTRAX Partners With Sand Springs

Denver-based OmniTRAX is linking with customers interested in locating in Sand Springs, Okla.

UP GHG Targets Greenlighted

The Science Based Targets Initiative (SBTi) has approved Union Pacific’s greenhouse gas (GHG) emissions reduction targets.

Railway Age’s 2021 ‘20 Under 40’

RAILWAY AGE, FEBRUARY 2021 ISSUE: Railway Age is honoring 20 “Fast Trackers” from a pool of more than 100 strong nominations for this year’s 20 Under 40 awards program.

Tennessee Pass Revival on Hold, for Now

The Colorado, Midland & Pacific Railway Co. (CMPR), a wholly owned subsidiary of Rio Grande Pacific Corp. (Rio Grande), will have to wait to revive the Tennessee Pass line, according to a recent decision by the Surface Transportation Board (STB).

UP, Manufacturing Institute Team to Shrink Workforce Gender Gap

Union Pacific (UP) and the Manufacturing Institute (MI) are partnering for three years on a new initiative to encourage more women and young people to pursue industry careers.

STB Extends Uinta Basin Railway DEIS Comment Period

The Surface Transportation Board (STB) is extending until Feb. 12 the comment period on the Draft Environmental Impact Statement (EIS) for the proposed 85-mile Uinta Basin Railway in Utah. Eagle County, Colo., requested the extension on Jan. 25 due to concerns about the Tennessee Pass Line in Colorado.

UP’s ‘True Potential’ Shown in 4Q20 Results (Updated, Cowen)

Union Pacific (UP) reported Jan. 21 that it earned $1.38 billion, or $2.05 per diluted share, in fourth-quarter 2020—comparable to fourth-quarter 2019’s $1.4 billion, or $2.02 per diluted share. Excluding a previously announced $278 million pre-tax, non-cash impairment charge related to its Brazos yard investment, adjusted fourth-quarter 2020 income was $1.6 billion, or $2.36 per diluted share.

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