Tag: Union Pacific Railroad

STB chair blasts Class I railroads for head count reductions

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 […]

Analysis: Can U.S. railroads bounce back from a dismal decade?

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% […]

NTSB investigating crash of two Union Pacific trains in Texas

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 […]

Union Pacific names CSX Transportation executive to senior operations position

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 […]

St. Louis fire chief warns railroads to hand over life-saving supplies

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 […]

‘Crafting an illusion’: US rail firms’ multimillion-dollar PR push

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 […]

Union Pacific to seek new CEO after hedge fund prods board of directors

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. […]

Union Pacific will replace rail CEO amid hedge fund pressure

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, […]

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 […]

Auto and Homeowner’s Insurance Program for TCU/IAM members!

TCU/IAM members take advantage of discounted activities with Union Plus!

  • Up to 25% on Car Rentals with Avis, Budget, Hertz, Dollar, Thrifty and Payless
  • Book flights and hotels together and save with Expedia
  • Tours and restaurant discounts
  • Discounts for water/theme parks, concerts and sporting events tickets
  • Save up to 24% on movie theater eTickets

Start Your Savings Here!

June 2023