Subpar rail service interferes with US’ ability to compete internationally, Oberman says CHICAGO — The Class I railroads must increase their head count levels because doing so not only will bolster rail service but benefit the U.S. economy overall, Surface Transportation Board Chair Marty Oberman said to a crowd of rail shippers and rail employees […]
By Bill Stephens for trains.com New management incentives for service and growth are an encouraging sign Well, this isn’t a pretty picture. From 2013 to 2022 U.S. industrial production eked out 3% growth, overall economic output increased 57%, and truck tonnage grew 26%. Yet volume on the big four U.S. railroads increased by an average of just 2% […]
Two people were hurt when a freight train crashed into another on a siding about 70 miles northwest of Dallas The National Transportation Safety Board said it was investigating a Sunday crash between two Union Pacific trains in Texas that left two crew members injured. A freight train traveling south hit an unoccupied train on […]
By Josh Funk for AP News via news.yahoo.com OMAHA, Neb. (AP) — Union Pacific routinely hires private investigators to check out employees’ medical leave claims and then fires anyone who happens to leave their house while out on leave, according to a lawsuit filed against the railroad. The lawyer who last month filed one of […]
Brian Barr to become UP’s senior vice president of transportation on April 15 Union Pacific today named longtime CSX Transportation executive Brian Barr as its senior vice president of transportation. Barr, who is currently senior vice president of network planning and services at CSX, will join UP on April 15. He will report to Eric […]
By Chris Hayes and Kayla Shepperd for fox2now.com St. Louis Fire Chief Dennis Jenkerson says he’s been battling for about a decade for the railroads to bring critical safety supplies closer to the city. He said there’s no question we’ll need those supplies. “It’s not if, it’s when. We know it’s going to happen,” Jenkerson […]
Norfolk Southern, the company behind the Ohio train crash, and other rail firms spent millions on marketing and lobbying By Adam Lowenstein for theguardian.com Six children, smiling and laughing, sit at a table with lunch boxes open in front of them. “Hey guys! My dad can stop a train with his finger,” one brags. “My […]
By Bill Stephens | February 26, 2023 for trains.com Soroban Capital touts former COO Jim Vena as replacement for CEO Lance Fritz A hedge fund, arguing that Union Pacific ranks dead last in every important operating metric, has asked the railroad’s board of directors to replace current CEO Lance Fritz with former Chief Operating Officer Jim Vena. […]
By JOSH FUNK The Associated Press Union Pacific announced plans Sunday to replace its CEO later this year after a hedge fund that holds a $1.6 billion stake in the railroad went public with its concerns about his leadership. The managing partner of Soroban Capital Partners, Eric Mandelblatt, said in a letter that the Omaha, […]
By Chris Isidore, for cnn.com Union Pacific, one of the major freight railroads that successfully fought off union demands for paid sick days for workers during contentious labor negotiations in 2022, reported another year of record earnings Tuesday. The company, along with CSX, Norfolk Southern and Burlington Northern Sante Fe, narrowly avoided a strike by its unionized workers […]