Union Pacific Named a Top Military Friendly Employer

November 16, 2004 Railfanning.org News Wire 0

OMAHA, Neb. – G.I. Jobs magazine has named Union Pacific Railroad one of the nation’s top 25 Military Friendly Employers for 2004. Union Pacific ranked sixth on the list, drawn from a sample of Fortune 500 companies and based on criteria that includes the strength of company military recruiting efforts, the percentage of new hires with prior military service and company policies toward National Guard and reserve service. About 450 Union Pacific employees indicated on their employment applications that they have reservist or National Guard affiliations. About 125 currently are in active military service; nearly 150 have served and returned.

Toy Trains or Real-Life Locomotives Power-Up for the Holidays

November 16, 2004 Railfanning.org News Wire 0

OMAHA, Neb. — As the holiday season begins to rev up, so do millions of toy train sets circling just as many Christmas trees. Whether they’re cherished hand-me-downs or just-opened gifts, the miniature trains take make-believe freight and passengers for rides extending as far as their engineers’ imaginations. As the "engineer" on your toy railroad, have you ever wondered what it would be like sitting in the cab of a 200-ton real-life locomotive? What it would be like to push the throttle forward and hear the powerful engine strain to pull a hundred rail cars down the track? Have you

Union Pacific Trains Handling Peak Holiday Shipping From Los Angeles Area Ports

November 8, 2004 Railfanning.org News Wire 0

OMAHA, Neb. — Union Pacific is doing its part to ensure the nation’s peak holiday shipping season meets with Santa’s expectations. North America’s largest railroad is operating on demand at the ports of Los Angeles and Long Beach, and has been satisfying demand since May of this year. "Contrary to recent reports that blame Union Pacific for ship delays at Southern California ports, we’ve been keeping up with demand since Memorial Day. We are handling record numbers of shipments, so trains sometimes don’t depart as scheduled, but we catch up quickly," said Randy Blackburn, vice president-premium operations. "There are several

CSXT, Union Pacific Combine for Free Emergency Fuel Delivery Diesel, Gasoline Included in Special Fuel Trains for Florida

September 15, 2004 Railfanning.org News Wire 0

JACKSONVILLE, Fla. – Two special relief trains operated by CSX Transportation and Union Pacific Railroad were moving toward Florida today to provide fuel for emergency operations in the aftermath of Hurricane Frances, which struck the state on Labor Day weekend. The dedicated trains – one consisting of 20 cars and the other 24 cars – departed the Houston, Texas area recently and were expected to arrive in Florida at distribution points in Sanford and Tampa on Wednesday. The first train began its journey on UP rails and connected with CSXT at New Orleans; the second connected at Memphis, Tenn. to

To Report or Not to Report? New York Times: Railroads Hamper Federal Investigations

August 10, 2004 The Cross-Tie 0

Railroads, The New York Times reported July 11, have hampered federal investigations by failing to promptly report fatal crashes. The report immediately sparked criticism from Union Pacific and the Federal Railroad Administration. “It’s a systemic failure,” James E. Hall, a former chairman of the National Transportation Safety Board, told The New York Times. “It’s been something that has just not grabbed the attention, unfortunately, of the public.” The newspaper’s investigation called Union Pacific a “stark example of how some railroads, even as they blame motorists, repeatedly sidestep their own responsibility in grade-crossing fatalities.” “Their actions range from destroying, mishandling or

UP Announces Settlement to Class Action Suit

OMAHA, Neb. – A settlement has been reached in a class action suit filed against Union Pacific following a May 27, 2000, derailment near Eunice, La., the railroad announced Tuesday (May 25, 2004). Union Pacific, subject to court approval, has agreed to a payment of $65 million in exchange for a release of all claims for damages involved in this litigation. At the time of the settlement, over 10,000 formal claims had been filed. The railroad’s insurers will reimburse Union Pacific for this payment. The settlement will not impact the Company’s earnings, the company said in a news release. According

Union Pacific Responds to Unsolicited Mini-Tender Offer

OMAHA, Neb. – Union Pacific Corporation said May 11, 2004, it had been notified of an unsolicited “mini-tender” offer by TRC Capital Corporation (TRC) of Toronto, Canada, to purchase up to 2 million shares, or less than 1 percent, of the outstanding common stock of Union Pacific at a price of $56.80 per share.   Union Pacific does not in any way recommend or endorse this offer, and Union Pacific is not affiliated in any way with TRC, the offer, or the offer documentation.   Union Pacific notes that this offer price is 2.8 percent below the $58.45 per share

CPA: UP Should Disclose Political Contributions

April 12, 2004 Railfanning.org News Wire 0

WASHINGTON – As part of a campaign to bring transparency and accountability to corporate political contributions, the Center for Political Accountability (CPA) is urging Union Pacific Corporation shareholders to support a resolution that asks the company to disclose and explain the business purpose of its political donations. Union Pacific, the nation’s largest railroad company, currently does not make public its political contributions or tell shareholders how it decides on donations made with corporate assets. The disclosure resolution will be voted on at its annual meeting on April 16 in Salt Lake City, Utah. “Corporate political giving runs the risk of

UP Opens $181 Million Chicago Region Intermodal Facility

August 28, 2003 Railfanning.org News Wire 0

ROCHELLE, Ill. – Union Pacific on Aug. 27 officially opened a new $181 million intermodal facility here, which officials say will attract companies to the area. “The level of interest from companies looking to relocate to the area continues to be quite high,” Neil Palmer, a suburban Milwaukee-based consultant who worked with Union Pacific on the Rochelle hub, told the Rockford Register Star. “It gives you reason to believe that the facility will continue to attract new business as well as keep business in the region.” Intermodal shipping involves moving freight by more than one mode of transportation without re-packing

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