union pacific

Business

Union Pacific Posts Lower Net Income, Revenue in Q3

Union Pacific A Union Pacific train. (Oregon Department of Transportation)

Union Pacific Corp. is the latest Class I railroad to report lower third-quarter earnings when measured against 2019, with company officials saying Oct. 22 the COVID-19 pandemic is responsible for the drop in net income and revenue.

Dan Ronan | Associate News Editor
October 22, 2020
Government, Business, TCA

Union Pacific ‘Right of Way’ Sticking Point in California Rail Project

Union Pacific TT File Photo

The most ambitious rail project of California’s future is increasingly dependent on the cooperation of the very railroad that shaped the state’s past — and there are signs their relationship is growing strained.

Ralph Vartabedian | Los Angeles Times
August 6, 2018
Business, Logistics

Union Pacific, Switchman With Arthritic Knees Settle Discrimination Suit

Getty Images

Union Pacific and a former switchman at the railroad’s Grand Junction, Colo., rail yard have settled for an undisclosed amount his allegations that he was discriminated against because he has arthritic knees, the parties told Bloomberg on June 6.

Patrick Dorrian | Bloomberg News
June 6, 2018
Business, Logistics

Union Pacific Has Cleared About 80% of Congestion, CEO Says

Duncan Rawlinson/Flickr

Union Pacific Corp. operations are about 80% of normal, after it deployed more locomotives and crews to clear network congestion that began eroding service last year, CEO Lance Fritz said.

Thomas Black | Bloomberg News
May 23, 2018
Business, Logistics, TCA

Union Pacific Starts Work on $550 Million Rail Yard in Texas

Duncan Rawlinson/Flickr

Union Pacific Railroad announced Jan. 25 the company started construction this month on a major rail yard near Hearne, Texas, a $550 million project that’s the largest in the railroad’s 103-year history.

Dug Begley | Houston Chronicle
January 25, 2018
Business

Union Pacific Ends 2017 on the Right Track

Union Pacific Train Aaron Hockly/Flickr

Union Pacific Corp. announced that profits grew to $7.3 billion or $9.25 per share, a figure that includes a line item connected to the Tax Cuts and Jobs Act.

Ari Ashe | Staff Reporter
January 25, 2018
Business

Rail Hot Streak Continues: Union Pacific Profits Up 19%, Beat Estimates

Union Pacific Union Pacific Corp.

Freight rail carrier Union Pacific Corp. announced July 20 that profits jumped 19% in the second quarter after CSX Corp. and Canadian Pacific Railway posted strong gains earlier in the week.

Ari Ashe | Staff Reporter
July 20, 2017
Government, Business

Union Pacific CEO Sees Growth With Mexico, Trump Rhetoric Aside

modofodo/Flickr

Union Pacific Corp. sees Mexico trade as a bright spot for its rail freight growth despite tough trade talk from President Donald Trump, CEO Lance Fritz said.

Thomas Black | Bloomberg News
June 30, 2017
Business, Logistics

Union Pacific Profits Up 9.5%, Easily Beat Forecasts

Ken James/Bloomberg News

Union Pacific’s profits increased 9.5% to $1.07 billion dollars, or $1.32 per share, after strong results on a year-over-year basis in the coal, agricultural and intermodal transportation.

Ari Ashe | Staff Reporter
April 27, 2017
Business, Logistics

Union Pacific Acquires Fruit, Vegetable Shipping Firm Railex

Ken James/Bloomberg News

Union Pacific, the nation’s largest railroad, has acquired the refrigerated and cold-storage facilities of Railex in Rotterdam, N.Y., Wallula, Washington, and Delano, California.

John Cropley | The Daily Gazette (Schenectady, N.Y.)
January 6, 2017

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