Tag: Union Pacific Railroad

How Wall Street holds railroads hostage: Analysis

By Bill Stephens for trains.com Focus on operating ratio inhibits volume growth, hurts service, and prevents share gain from highway The U.S. Class I railroads’ recurring crew shortages, related bouts of service problems, and a lack of meaningful volume growth are intertwined. You can lay the blame for all three problems at just one place: […]

Regulators scold railroads over recovery plans, order improvements

By trains.com Union Pacific draws strongest criticism from STB for insufficient filing; fines possible The Surface Transportation Board, making clear its unhappiness with service recovery plans filed by the four largest U.S. Class I railroads, will require those railroads to correct deficiencies in service recovery plans submitted to the board, and to provide additional information […]

Cost pressures prompt Union Pacific to reduce financial outlook

By Bill Stephens for trains.com Railroad faces rising costs from record fuel prices, overall inflation, and congestion Union Pacific has lowered its financial expectations for this year in light of rising fuel prices, inflation, and the impact of its sluggish operations. It’s now unlikely that UP will reach an operating ratio of around 55% for […]

Data reported to federal regulators reveal extent of deterioration in rail service

On-time performance of big four U.S. systems tumbles compared to before the pandemic By By Bill Stephens for trains.com Overall on-time performance for the big four U.S. Class I railroads has fallen from a pre-pandemic average of 85% to just 67% in the last week of May 2022, as crew shortages continue to plague rail […]

Canadian regulators propose more detailed requirements for reporting railroad performance metrics

By Bill Stephens for trains.com Railroads would have to report local service data as well as locomotive and crew availability Class I railroads operating in Canada would be required to report additional performance and staffing metrics under a proposal Canadian regulators unveiled on Friday. Transport Canada’s move was announced on the same day that the Surface Transportation […]

STB to Require Four Class Is to Submit Plans on How to Fix Service Crisis

By Justin Franz for railfan.com The U.S. Surface Transportation Board announced Friday that all seven Class I railroads will have to submit reports on rail service, performance and employment, and four of them will need to provide plans on how they will get service back on track.  The request for more information and transparency comes […]

What’s Next For Class I Railroads After That Tense STB Hearing?

By Justin Franz for railfan.com After a fiery two-day hearing in Washington D.C., about the ongoing Class I service crisis, many in and out of the rail industry are asking “What’s next?”  After receiving an avalanche of complaints from shippers and railroaders about the state of rail service, the U.S. Surface Transportation Board demanded that […]

Poor rail service threatens U.S. economy, shippers tell federal regulators

By Bill Stephens for trains.com At second day of hearings, BNSF and UP say they are working to hire conductors and improve service Utilities are worried that the slowdown in coal deliveries could threaten U.S. electricity supply and destabilize the power grid. Chemical producers say erratic rail service has forced them to curtail production of […]

STB seeks ways to quickly ease railroad service problems

Railroads say they’re working to address crew shortages, but shippers and rail labor blame Precision Scheduled Railroading for gutting rail capacity By Bill Stephens for trains.com There were more questions than answers on Tuesday as federal regulators sought ways to remedy railroad service problems that defy a quick fix because they are rooted in a […]

UP defends precision scheduled railroading amid service struggles

Union Pacific’s net profit rose 22% to $1.6 billion in Q1 By Joanna Marsh for freightwaves.com Service issues Union Pacific experienced in the first quarter weren’t due to precision scheduled railroading but to crew shortages, executives told investors during UP’s first-quarter 2022 earnings call Thursday. Rail stakeholders, such as the unions and some trade groups, have […]

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July 2022