Tag: Union Pacific Railroad

Major railroad posts record earnings, spends more on share repurchases than on its employees

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 […]

Collaboration must be key for railroads to thrive, experts say

Infrastructure investors, local governments seek rail presence in developing projects By Joanna Marsh for freightwaves.com The near-term future of freight rail might be one marked by collaboration, whether that’s through private or public partnerships among other supply chain stakeholders or between the railroads themselves as they compete against the trucking industry, according to panelists at […]

Smarter Railroad Tracks Are Boosting Train Safety And Efficiency

By Alan Ohnsman Forbes Staff for Forbes.com Think “advanced rail technology” and bullet trains or magnetic-levitation systems might come to mind. But what about the steel rails freight and passenger trains run on? Advances in machine learning, big data collection and voice-recognition tools that have transformed manufacturing, cars, retail and social media are also being […]

Union Pacific has lost its way: Analysis

By Bill Stephens for trains.com Railroad has sacrificed service and resilience in pursuit of lower operating ratio It’s fitting that Union Pacific’s logo is a shield. The beleaguered railroad needs one given the barrage of arrows coming its way.UP has a long list of problems, many of them self-inflicted as a predictable result of its […]

RAILROADS RIDING HIGH AFTER VICTORY AGAINST WORKERS

In the aftermath of the congressional contract fight, two major railroads are pursuing a merger and a third is retaliating against a worker for organizing. By Ryan Grim for theintercept.com FRESH OFF A victory against workers demanding sick days as part of recent contract negotiations, two major railroads are pursuing a merger and a third, owned […]

Union Pacific railroad puts its shipping limits on hold

By JOSH FUNK for apnews.com OMAHA, Neb. (AP) — Union Pacific says it will stop imposing temporary limits on certain businesses’ shipments while it reviews the policy that federal regulators and shippers criticized at a hearing last week. Union Pacific has put more than 1,000 of these embargoes in place this year — significantly more […]

Rail industry must overcome strained labor relations in order to survive

‘We want to see attrition rates and quality of life improved’ By  Joanna Marsh for freightwaves.com The drama about whether union members would go on strike has passed, with Congress passing legislation and President Joe Biden signing that legislation requiring all unions to ratify the labor agreement that union and railroad negotiators reached in September.  But the battle […]

Unions, rails clash over hiring data as Union Pacific faces regulatory heat in Washington

By Lori Ann LaRocco for cnbc.com KEY POINTS  The strike was averted, but tensions between unions and class I freight railroads continue to run high. Union Pacific’s use of embargoes, a freight railroad practice in which trade is stopped in order to clear up congestion, is at the center of a two-day hearing at the […]

Freight railroad service is terrible, even without the threat of a strike

By Chris Isidore, CNN for amp.cnn.com The fact that a freight railroad strikedidn’t start on Friday is a huge win for the US economyand its still struggling supply chain. But that doesn’t mean freight railroads are providing good service to their customers.  Many of the problems tangling up the supply chain, driving up prices and slowing the economy can […]

The Averted National Rail Strike Is a Parable of Contemporary American Capitalism

Railroads are prioritizing payments to Wall Street stockholders over everything else, including serving the public interest. By John Cassidy for newyorker.com In our click-driven world, the threatened strike at America’s freight railroads, and President Biden’s intervention to prevent it, represents last week’s news. But there are two groups for which the averted strike is still […]

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