April 23, 2014

NTSB faults parade plans in fatal UP collision

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WASHINGTON – An oncoming freight train sounded its warning, and track guard gates started to descend. But the crowd was cheering, a marching band was playing, the lights of a police escort were flashing and a truck driver towing a parade float of wounded veterans and their wives in Midland advanced heedlessly into the crossing. [...]

Crew members hurt jumping from UP train

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The Union Pacific Railroad is investigating after two employees were injured while jumping from a moving locomotive. According to Mark Davis, UPRR director of corporate relations and media, the incident occurred at 2 p.m. Saturday near Kennard. The village is just west of Blair in Washington County.  Read the complete story at the North Platte [...]

Class I railroads release 3rd quarter earnings

CSX Corporation announced Oct. 15 that they had net earnings of $463 million or $.046 per share for the third quarter of 2013. Earnings for the same quarter last year were $455 million or $.44 per share. Earnings are up by $8 million over last year, but down $72 million from the second quarter of [...]

Union Pacific sets records, but stock falls

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OMAHA – Union Pacific says its third-quarter set revenue and per-share profit records as higher shipping rates helped the railroad offset flat volume overall and the traffic disruption from last month’s flooding in Colorado. The results released Thursday were about in line with Wall Street expectations and the reduced forecast Union Pacific issued this month. [...]

Magazine names UP best veteran-friendly company

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OMAHA – U.S. Veterans Magazine named Union Pacific Railroad among the nation’s top veteran-friendly companies. The results were announced in the publication’s 2013 “Best of the Best” list, created to encourage diversity-inclusion practices among industry leaders. “Being named a top veteran-friendly company is an honor that highlights our commitment to hiring and supporting veterans,” said [...]

UP unveils streamlined railroad car

Omaha, Neb.-based Union Pacific Railroad, which has significant operations in Roseville, is launching drag-reducing freight train technology not too far removed from the aerodynamic designs used by open-wheel race cars. It’s called Arrowedge, and it will be showing up this month on UP trains in California. Read the complete story at The Sacramento Bee.  

UP seeks to install in-cab cameras

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OMAHA, Nebraska — At least two major U.S. freight railroads are seeking to install cameras in their locomotives to make sure crews are following rules and avoiding cellphone use. Union Pacific asked a federal judge this week to declare it has the authority to install the cameras under the railroad’s existing labor agreements. Kansas City [...]

Judge blasts UP, awards worker $310K

Chastised for its “reprehensible conduct” Union Pacific railroad has been ordered to pay nearly $310,000 to a North Platte man who was fired after a co-worker ran over his foot. A federal judge has ruled that UP, which is headquartered in Omaha, displayed “blatant disregard” for a federal whistleblower law which allows railroad workers to [...]

UP plans to restore massive steam engine

CHEYENNE, Wyo.—Union Pacific Railroad says it will try to restore one of the largest steam locomotives ever built to operating condition. The railroad said July 23 it reached an agreement to acquire a “Big Boy” locomotive from the RailGiants Train Museum at the Los Angeles County Fairgrounds. Read the complete story at San Jose Mercury [...]

Class I railroads report 2nd quarter earnings

CSX Corporation announced July 16 second quarter net earnings of $535 million or $0.52 per share. For the second quarter of 2012, CSX earned $512 or $0.49 per share. According to these figures, CSX is up a profit of $23 million over last year’s earnings for the same quarter. CSX attributes these profits to overall [...]