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Special Coverage, Business

Longshoremen’s Union Pledges to Fight Port Automation as Execs Call it Inevitable

Tim Rue/Bloomberg News

The head of the International Longshoremen’s Association plans to fight efforts to automate terminals as part of the negotiations beginning in February on a new contract to cover 65,000 dockworkers. However, a panelist at the 2017 Transportation Research Board conference described it as inevitable.

Ari Ashe | Staff Reporter
January 12, 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
Business, Logistics

Union Pacific Agrees to Inspection, Maintenance Improvements

Irfan Khan/Los Angeles Times via Tribune Content Agency

Federal railroad authorities reached an agreement with Union Pacific Railroad requiring improvements to the railroad’s inspection and safety procedures.

Dan Hammock | The (Aberdeen, Wash.) Daily World
December 28, 2016
Government, Business, Logistics

NTSB Rules Crew Was Likely Asleep During Fatal Arkansas Freight Train Crash

NTSBgov on YouTube.com

WASHINGTON — A fatal collision of two Union Pacific freight trains in Arkansas resulted from a fatigued engineer and conductor who were both likely asleep aboard one of the trains, federal investigators ruled Dec. 6.    

Bart Jansen | USA TODAY
December 6, 2016
Business, Logistics

Union Pacific Net Income Slips 13% as Freight Volume Declines

Ken James/Bloomberg News

Union Pacific Corp. net income slipped 13% to $1.13 billion, or $1.36 per share, hurt by lower intermodal and other freight volume and weaker pricing.

Dan Ronan | Senior Reporter
October 20, 2016
Business, Logistics

Union Pacific, Canadian Pacific Earnings Slump; Kansas City Southern Gains

Ken James/Bloomberg News

Union Pacific Corp. and Canadian Pacific Railway Ltd. this week reported second-quarter net income fell 19% and 16% respectively in a weak rail freight market, while smaller carrier Kansas City Southern raised net income 7% with help from a tax credit.

Thomas Black | Bloomberg News
July 21, 2016
Business, Logistics

Union Pacific Profit Beats Estimates Amid Cost Cutting

Ken James/Bloomberg News

Union Pacific Corp. reported first-quarter earnings higher than analysts’ expectations as the railroad cut costs and boosted prices to mitigate a steep drop in cargo demand, pushing shares to their highest value in five months.

Thomas Black | Bloomberg News
April 21, 2016
Business, Logistics

Union Pacific’s Fritz to Become Chairman on Oct. 1

Lance Fritz by Michael Nagle/Bloomberg News

Union Pacific Corp. selected CEO Lance Fritz to become its chairman Oct. 1 when Jack Koraleski retires from the post after 43 years at the railroad.

Rip Watson | Special to Transport Topics
July 31, 2015
Business, Logistics

West Coast Port Gridlock Hampers Union Pacific Earnings

Jeff Smith/Bloomberg News

Union Pacific Corp., the largest U.S. railroad, posted first-quarter profit and sales below estimates as West Coast port congestion and slack coal demand caused carloads to decline.

Thomas Black | Bloomberg News
April 23, 2015
Business

Con-way Mechanics Reject Union Representation in Indiana

raymondclarkeimages/Flickr

Mechanics at the Con-way Freight facility in Gary/Hammond, Indiana, rejected a vote to be represented by the International Association of Machinists and Aerospace Workers union.

Michael G. Malloy | Web Editor
March 9, 2015

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