OMAHA, Neb. — Union Pacific reported higher first quarter volume, revenue, and profits despite congestion related to crew shortages and rising freight car inventory. “Improving our service product has our full and undivided attention,” CEO Lance Fritz told investors and analysts on the railroad’s Thursday morning earnings call. UP’s on-time performance deteriorated during the quarter. […]
DEERFIELD, Ill. — Union Pacific’s plan to begin metering traffic as of today will curtail fertilizer shipments and put crops at risk, a major fertilizer producer says. “The timing of this action by Union Pacific could not come at a worse time for farmers,” CF Industries CEO Tony Will said in a statement on Thursday. […]
PINE BLUFF, Ark. — Union Pacific is recalling furloughed workers to reopen its locomotive shop in Pine Bluff, Ark., the Arkansas Democrat-Gazette reports. UP spokesman Mike Jaixen told the newspaper that he did not have information on the number of workers being recalled, but noted that open positions in Pine Bluff include boilermakers, electricians, mechanics, […]
WASHINGTON – The trade group representing sugar shippers has told federal regulators that rail service problems have forced some of its members to stop or curtail production of food and beverages. The Sweetener Users Association, which wrote to the Surface Transportation Board on Wednesday, is the latest trade group to complain about poor rail service […]
OMAHA, Neb. — Union Pacific’s request that shippers reduce the number of private freight cars in their pipelines – or face strict quotas starting on Monday – has been met with a mix of understanding and outrage. Some shippers say they understand UP’s need to reduce car inventory to help ease congestion that has slowed […]
BALTIMORE – The blame for ongoing railroad service problems can’t be placed entirely on cutbacks related to Precision Scheduled Railroading. The pandemic, a surge in freight demand, and a labor shortage were a recipe for disruption all on their own. That’s the message that Peter Swan, associate professor of logistics and operations management at Penn […]
WASHINGTON – The Transportation Trades Department of the AFL-CIO has joined the chorus of organizations asking federal regulators to address Class I railroad service problems. “It is clear that a lack of oversight has allowed Class I railroads to operate in a manner that is harmful to shippers, employees, and the American public, and these […]
OMAHA, Neb. — Union Pacific will start metering traffic on Monday if shippers don’t voluntarily reduce their active freight-car inventories on the railroad, which is bogging down due to a combination of crew and locomotive shortages. “Over the last few weeks, our network has experienced some setbacks – including numerous service interruptions, crew shortages in […]
CHEYENNE, Wyo. — Union Pacific’s famed Big Boy steam locomotive No. 4014 is set to return to the tracks this summer for what UP’s Steam Club is calling the “West Coast Steam Tour,” kicking off on June 26 from the railroad’s heritage headquarters in Cheyenne. This year’s tour celebrates Union Pacific’s 160th anniversary, its heritage, […]
WASHINGTON – The trade group representing ethanol producers has told federal regulators that its members are experiencing significant rail service delays and disruptions that could lead to higher gasoline prices. “While we certainly understand that a variety of factors have contributed to these rail disruptions, it is imperative that all possible actions be taken by […]
BALTIMORE – CSX Transportation and Norfolk Southern are working to improve their service amid ongoing crew shortages and supply chain disruptions, executives told shippers on Thursday. “We’re aware that it’s been a tough two years. Clearly we haven’t shown our best self,” Farrukh Bezar, CSX’s senior vice president and chief strategy officer, told the North […]
WASHINGTON – Federal regulators have ordered officials from BNSF Railway, CSX Transportation, Norfolk Southern, and Union Pacific to appear a two-day hearing this month regarding ongoing rail service problems. The Surface Transportation Board announced on Thursday that it will hold the public hearings on April 26 and 27. The announcement comes in the wake of […]
