Union Pacific (UP), the fifth Class I to report second-quarter 2020 financials, was hit hard, like most of its peers. Net income of $1.1 billion, or $1.67 per diluted share, was 41% lower than the $1.6 billion, or $2.22 per diluted share, reported in 2Q19.
The National Park Service (NPS), Union Pacific (UP) and the National Park Foundation (NPF) released the Junior Ranger Railroad Explorer activity booklet, which can be obtained for free from NPS.gov.
Union Pacific (UP) today reported 4Q19 net income of $1.4 billion, or $2.02 per diluted share. This compares to $1.6 billion, or $2.12 per diluted share, in the 4Q18.
Union Pacific recently completed Positive Train Control (PTC) implementation, activating its final track segment. The technology is now implemented on all the company’s federally mandated rail lines, including required passenger train routes. Union Pacific will continue working with partner railroads on their interoperability efforts, ensuring seamless operation onto the company’s tracks.
Union Pacific (UP) recently announced a new Marketing and Sales organizational structure, consolidating its business groups from four to three: Bulk, Industrial and Premium. The changes are effective Jan. 1.
U.S. Department of Labor initiative HIRE Vets Medallion Program has named Union Pacific (UP) a 2019 Gold Medallion recipient for its support of military veterans. It applauded many of UP’s programs, including its UP VETS employee resource group which aims to connect service members and provide camaraderie and mentorship.
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).
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!