Tag: Lance Fritz

PSR: Can We Please Be Honest Here?

Written by Matt Parker for railwayage.com Editor’s Note: This opinion piece is in response to my invitation for “reasonable, fact-based, non-political opinions on Precision Scheduled Railroading by experienced railroaders from both the agreement and non-agreement sectors, to encourage discussion,” in response to “PSR Point/Counterpoint: Fortune,” published July 22 – William C. Vantuono An Oct. 3, 2018 article […]

Shortage of Railroad Workers Threatens Recovery

Struggle to bring crews back draws scrutiny from regulators, who were already concerned about lean operations By Paul Ziobro for wsj.com America’s freight railroads are struggling to bring back workers, contributing to a slowdown in the movement of chemicals, fertilizer and other products that threatens to disrupt factory operations and hinder a rebound from the […]

Union Pacific says autonomous trains are the answer to driverless trucks

Until autonomous technology is ready, CEO says railroad needs one-man crews to stay competitive By Bill Stephens for trains.com OMAHA, Neb. — How can railroads compete with autonomous or electric trucks that would dramatically reduce the cost of trucking? “Ultimately, our answer to autonomous trucks is autonomous trains,” Union Pacific CEO Lance Fritz says. A […]

Union Pacific net down 9% but sees economy growing in 2021

By Josh Funk for apnews.com Union Pacific’s first-quarter profit declined 9% as the railroad delivered less freight and its revenue fell, but it said the economy is steadily improving. The Omaha, Nebraska, company said Thursday that it earned $1.34 billion, or $2 per share, in the quarter. That’s down from $1.47 billion, or $2.15 per […]

Next-Gen Freight Rail Sets Agenda for the 2020s

Written by David Nahass, Financial Editor for railwayage.com FINANCIAL EDGE, RAILWAY AGE APRIL 2021 ISSUE: The tone and context of Railway Age’s Next-Gen Freight Rail conference held virtually on March 10, 2021 changes rapidly when viewed through the blockbuster announcement of Canadian Pacific’s (CP) acquisition of Kansas City Southern (KCS). One can only wonder what messages Creel and […]

We Must Help Communities Gain Strength From Diversity

Written by Lance Fritz, Chairman, President and CEO, Union Pacific via railwayage.com On the Union Pacific website, Chairman, President and CEO Lance Fritz shared his thoughts on embracing diversity—an important story that Railway Age believes should be shared with a broader audience. Late last week there was a mass killing in Atlanta, where the perpetrator targeted people of […]

Class I railroads outline 2021 projections, February weather impacts

Rising fuel prices could eventually help with truck conversions By Joanna Marsh for freightwaves.com All of the publicly traded Class I railroads presented at investment bank JP Morgan’s industrial conference last week. Here are some themes expressed through the multiday event: Weather dents February’s rail volumes and could impact first-quarter results When the Class I […]

Union Pacific has to navigate vaccine rollout in 23 different states

‘In every state, the process to get a vaccine into an arm is different,’ says CEO Lance Fritz By David Earl for ketv.com Critical workers at one of the nation’s largest railroads have started to receive their COVID-19 vaccinations. Union Pacific touted the effort in a social media post in early March. But the Omaha-based […]

Union Pacific Corporation CEO Lance Fritz to Address the 2021 J.P. Morgan Industrials Conference

Lance Fritz, chairman, president and chief executive officer, of Union Pacific Corporation (NYSE: UNP), will address the 2021 J.P. Morgan Industrials Conference on Tuesday, March 16, 2021, at 8:50 a.m. ET. A live webcast of the presentation will be available in the investor relations section of Union Pacific’s website at www.up.com/investor. A replay of the audio webcast will be […]

COVID-19 Pandemic Impacts Q4 Earnings at Union Pacific

  Original story by ttnews.com Union Pacific saw its fourth-quarter and full-year results decline versus year-ago levels, but the Class I rail carrier said its implementation of precision scheduled railroading is reaping benefits for its operations. The company’s Q4 net income fell 2% to $1.38 billion, or $2.05 a share, compared with $1.4 billion ($2.03) […]

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