May 23, 2013

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 [...]

UP inaugurates “close call” project

Employees at the nation’s largest rail yard, the Union Pacific yard in North Platte, Neb., can now voluntarily and anonymously report “close-call” incidents that could have resulted in an accident, but did not, without fear of sanction or penalty from their employer or the federal government. The program, initiated at the request of the UTU [...]

Who owns the railroads

By Assistant President Arty Martin andGS&T Kim Thompson Among the most difficult challenges facing us in 2009 arrives in November, when we exchange Railway Labor Act Section 6 notices with the carriers — the list of each side’s demands for the next collective bargaining round. Our national rail contract is open for renewal on Jan. [...]