October 20, 2014

UP profit soars; those furloughed will return

Union Pacific earnings for the third quarter 2010 soared by 51 percent from the third quarter 2009, the railroad told investors Oct. 21. UP told Wall Street analysts it was the company’s most profitable quarter ever. In reporting the record earnings, UP Chairman Jim Young told Wall Street analysts that the railroad had put some [...]

Train & engine employment still rising

Train and engine employment continues to climb back toward pre-recession levels, with Class I railroads continuing to call back furloughed train crews. The Surface Transportation Board posted data for September, showing train and engine employment on Class I railroads grew almost 9 percent in September, versus September 2009; and was almost 2 percent higher than [...]