With cost-cutting in the rear-view mirror, the focus will be on service and growth For clues about where incoming CEO Jim Vena may take Union Pacific, look at where he wanted to take Canadian National. You may recall that in late 2021 activist investor TCI Fund Management touted Vena as a replacement for CN CEO JJ Ruest. […]
By Bill Stephens for trains.com SMART-TD chairmen call move a ‘giant step backwards’ OMAHA, Neb. — Incoming Union Pacific CEO Jim Vena will not get a honeymoon with rail labor when he begins leading the railroad on Aug. 14. Local SMART-TD leaders and the Transportation Trades Department of the AFL-CIO were critical of the company’s […]
Railroad expects improving volumes in fourth quarter By Joanna Marsh for freightwaves.com With rail volumes expected to improve year-over-year in the fourth quarter and into 2021, Union Pacific (NYSE:UNP) will seek to fine-tune its deployment of precision scheduled railroading (PSR) by continuing to focus on asset productivity. This includes taking measures such as lengthening trains farther and speeding up […]
By Bill Stephens for trn.trains.com OMAHA, Neb. — Outgoing Union Pacific Chief Operating Officer Jim Vena, who accelerated Precision Scheduled Railroading operational changes across the system, will not rule out popping up at another Class I railroad. Vena was asked last week about his plans once his stint is up at UP, which the Canadian […]
Written by Marybeth Luczak, Executive Editor for railwayage.com After two years as Union Pacific’s (UP) Chief Operating Officer, Jim Vena will become a Senior Advisor at the end of the year. Eric Gehringer is succeeding him and will become Executive Vice President-Operations on Jan. 1. Vena joined UP in January 2019, coming out of retirement to lead operations and the […]
By Associated Press In the past year, the average length of a Union Pacific Railroad train has grown by about 21 freight cars. The distance a typical freight car travels in a day has climbed by 20 miles to more than 200. And the railroad now has 2,600 locomotives parked and idled. Those are some […]
Union Pacific Corp. (UNP) shares were indicated sharply higher in pre-market trading Tuesday after the railway operator said industry veteran Jim Vena would join the company later this month, less than two years after ending a four decade career with rival Canadian National. Vena, 60, will join Union Pacific on January 14 as chief operating officer, as well as executive […]