Union Pacific (UP) relatively flat reported 3Q19 net income of $1.6 billion, or $2.22 per diluted share. This compares to $1.6 billion, or $2.15 per diluted share, in the same period last year. Yet, one-upping 2Q19, UP set an all-time best quarterly operating ratio of 59.5%.
RAILWAY TRACK & STRUCTURES at RAILWAY INTERCHANGE: The education energy was flowing during the second day of the AREMA 2019 technical conference at Railway Interchange in Minneapolis.
Union Pacific, in the midst of implementing Unified Plan 2020, its version of PSR (Precision Scheduled Railroading), posted a quarterly record-low operating ratio for this year’s second quarter, along with increases in net income, operating income and diluted earnings per share, compared to the prior-year quarter. These improvements came despite decreases in volume and revenue.
Union Pacific (UP) recently announced in a notice to customers that it is updating its current intermodal reservation system—with a projected release next month—to “improve ease of use while also improving reservation utilization through technology and better processes” as the railroad continues its transition to PSR (Precision Scheduled Railroading).
The only operating example in the world of the largest steam locomotive ever built thundered her way, in May 2019, from Union Pacific’s Steam Shop in Cheyenne, Wyo., to Ogden, Utah, to take part in ceremonies marking the 150th anniversary of the Golden Spike, which completed the nation’s first transcontinental railroad.
Flooding in the Midwest this Spring has been historic, and rail lines just got in the way of Mother Nature’s powerful stampede.
With an aim to serve myriad industries with efficient rail access, RCR Hempstead Logistics Park recently held a groundbreaking reception.
FROM THE EDITOR, MAY 2019 – By the time you read this, the largest steam locomotive ever built will have thundered her way from Union Pacific’s Steam Shop in Cheyenne, Wyo., to Ogden, Utah, to take part in ceremonies marking the 150th anniversary of the Golden Spike, which completed the nation’s first transcontinental railroad.
The Big Boy is back, baby!
COVER STORY, MAY 2019 – Railway Age antecedent American Railway Times, May 15, 1869: “On May 10, the last rail connecting the tracks of the Union and the Central Pacific Railroads was spiked in place, thus giving a continuous railway line across the continent. The blows of the hammer driving home the last spike were heard simultaneously by the aid of the telegraphic wires at the extreme eastern and western sides of the continent; and in many places the marked event was celebrated by the ringing of bells, the firing of salutes, and the interchange of congratulations between the different sections of the country.