June 30, 2015

UP names new railroad president, COO

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Union Pacific Corp. named Lance M. Fritz as president and chief operating officer of its Omaha-based railroad Thursday and said Jim Young has retired from his executive duties. Young took a leave of absence in March 2012 to undergo treatments for pancreatic cancer. Union Pacific said he retired Jan. 31 but will continue as non-executive [...]

$400M N.M. railroad project may open in 2014

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SANTA TERESA, N.M. — A $400 million Union Pacific railroad facility near a young New Mexico border town could open next year, according to the company. Union Pacific spokesman Aaron Hunt said Tuesday that construction near Santa Teresa is ahead of schedule and the facility could be operational in 2014. It had been slated to [...]

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 [...]

UP engineer rescues puppy tied to tracks

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MECCA, Calif. — Last week, a 10-month-old poodle-terrier mix was found tied to the railroad tracks. An engineer spotted an old man walking near the railroad tracks and noticed that the man had left something behind. The engineer was able to stop the train in time using his emergency brakes and discovered the pooch still [...]

First quarter 2012 rail profits wrap-up

BNSF reported a 15 percent increase in profit forf the first quarter 2012 versus first quarter 2011, citing improved pricing and higher fuel surcharges. BNSF’s first quarter 2012 operating ratio of 74.4 percent was one percentage point lower than for the first quarter 2011. Operating ratio is a railroad’s operating expenses expressed as a percentage [...]

Cubs not alone with problems in Chicago

CHICAGO — Newspapers and television and radio stations here June 14 were asking Union Pacific, “Is this any way to run a railroad?” after a shortage of UP engineers caused the cancellation of six morning Metra commuter trains and inconvenienced thousands of passengers trying to reach their jobs here. Metra pays UP to operate and [...]

CSX wreck claims 2; member loses limbs on BNSF

MINERAL SPRINGS, N.C. — CSX conductor Phillip E. Crawford Jr., 33, and locomotive engineer James Gregory Hadden, 36, were killed early May 24 in a rear-end collision here involving two CSX freight trains, according to news reports. Mineral Springs is some 30 miles south of Charlotte. Crawford was a member of UTU Local 970, Abbeville, [...]

UTU member personally aides striking Teamsters

SAN ANTONIO — For the scores of Teamster Union members in their fourth week on the picket line here in a strike against Pioneer Flour Mill, times are tougher than usual. UTU Local 756 (UP, San Antonio) Chairperson John Dunn understands the hardship, and as so often occurs among UTU members, Dunn became a point-of-light, [...]

Two Border Patrol agents die in Ariz. train mishap

GILA BEND, Ariz. — A westbound Union Pacific freight train hit a U.S. Border Patrol SUV here May 12 as two Border Patrol agents, reportedly chasing suspected undocumented immigrants, suddenly entered an unmarked private crossing in their unmarked SUV as the train approached. Both Border Patrol agents were killed in the collision, which occurred about [...]

Wrap up: Major rails’ 1st quarter 2011 profits

Most major North American freight railroads reported strong earnings for the first quarter 2011 versus first quarter 2010. Following is a wrap-up for the quarterly earnings reported by the railroads to the investment community. Not included is BNSF, which is privately held and does not report its financial results to the investment community. Mention is [...]