Union Pacific – Page 22 – Railfanning.org

Union Pacific’s New Davidson Yard Track Advances Progress on Southwest Parkway

March 13, 2009 Railfanning.org News Wire

FORT WORTH, Texas — As rail cars rolled past local officials on a newly built track at Union Pacific Railroad’s Davidson Yard, Union Pacific Chairman and CEO Jim Young announced that the railroad has accomplished the first critical milestone in paving the way for construction of the Southwest Parkway. This new, temporary-use track is a vital part of the operation of Davidson Yard because it is the track that guides rail cars to the incline, or “hump,” where the cars are separated from each other and then guided by switches into destination-specific tracks. The new track was built to enable

Fortune Names Union Pacific Most Admired Railroad

March 13, 2009 Railfanning.org News Wire

OMAHA, Neb. — Fortune has named Union Pacific the railroad industry’s “Most Admired” company as part of the magazine’s “World’s Most Admired Companies” survey. Union Pacific ranked No. 1 among the railroads in each of Fortune’s nine key attributes of reputation: innovation, people management, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment and global competitiveness.”Our goal is to operate a safe, efficient and environmentally responsible railroad that delivers value for customers and shareholders,” said Jim Young, Union Pacific president and CEO. “I am extremely proud of the tremendous focus, dedication and effort by all our

Union Pacific Railroad Opens New San Antonio Intermodal Terminal

March 13, 2009 Railfanning.org News Wire

SAN ANTONIO, Texas — Local elected officials and community leaders joined Union Pacific Chairman and CEO Jim Young in celebrating Union Pacific’s San Antonio Intermodal Terminal opening in southwest Bexar County. The facility represents a more than $100 million investment by Union Pacific. It provides efficient transportation that brings environmental and economic benefits to the south Texas region and will help Union Pacific better serve its customers. “Whether coming from a West Coast Port, a Mexican maquiladora or going to an East Coast or Midwest metropolitan area, the San Antonio Intermodal Terminal gives our customers faster, more direct intermodal rail

STB Seeking Public Comment on UP Request for Declaratory Order

March 10, 2009 Railfanning.org News Wire

WASHINGTON — The Surface Transportation Board has instituted a proceeding and invites public comment on a Union Pacific petition for a declaratory order. In its petition, UP requests that the Board determine the extent of the common carrier obligation to quote rates for new, lengthy movements of chlorine, a toxic inhalation hazard (TIH). The chlorine movements at issue would average 1,900 miles in distance and travel through two High Threat Urban Areas and several other large cities. UP declined to quote rates for these movements pending the outcome of this proceeding. UP believes the risk of potential exposure from long-distance

NTSB to Discuss Metrolink Crash

February 10, 2009 Railfanning.org News Wire

WASHINGTON — The National Transportation Safety Board will hold a public hearing on the 2008 collision in Chatsworth, Calif., involving a Metrolink commuter train and a Union Pacific freight train. The two-day hearing will begin on March 3 at the NTSB’s Board Room and Conference Center, 429 L’Enfant Plaza, S.W., Washington. At 4:22 p.m. on Sept. 12, 2008, Metrolink commuter train 111 and a Union Pacific freight train collided. As a result of this head-on accident, there were 25 fatalities and numerous injuries. On the day of the accident, the Metrolink engineer, who was responsible for the operation of the

Union Pacific Railroad Named to Most Admired for HR List By Human Resource Executive

February 5, 2009 Railfanning.org News Wire

OMAHA, Neb. — Human Resource Executive has named Union Pacific Railroad as one of the 50 “Most Admired for Human Resources” companies according to Human Resource Executive. Union Pacific ranked No. 29 on the list. Philadelphia-based Hay Group conducted the research for this project. Hay Group is the management consulting firm that has partnered with Fortune since 1997 to identify and rank the magazine’s “Most Admired Companies.” More than 3,700 executives, directors and securities analysts from Fortune 1,000 U.S. companies and top-ranked foreign companies operating in the U.S. were asked to select companies they admired most in their respective industries.

Union Pacific Once Again Surpasses Records for Moving Loaded Coal Trains Out of Wyoming

February 3, 2009 Railfanning.org News Wire

OMAHA, Neb. — Union Pacific has once again surpassed several all-time records for delivering coal out of Wyoming’s Southern Powder River Basin (SPRB). During 2008, Union Pacific set an all-time record by loading 13,212 trains out of the SPRB, 332 more trains than 2006, the previous yearly record. Union Pacific also loaded 204.6 million tons of coal out of the SPRB during 2008, eclipsing another all-time mark set in 2007 by 5 percent. “Our investments in the Joint Line and throughout our coal network continue to pay dividends in terms of our coal train velocity and throughput” said Doug Glass,

Union Pacific Railroad Invests More Than $6 Million for Track Improvements from Kansas City to Jefferson City

January 30, 2009 Railfanning.org News Wire

OMAHA, Neb. — Motorists will spend less time at crossings waiting for trains to pass as a result of more than $6 million in track improvements made by Union Pacific Railroad to its Kansas City to Jefferson City line. The track improvements will allow trains to operate more efficiently on the route. When the project is complete, crews will have removed and installed more than 10 miles of rail in various curves between Kansas City and Jefferson City. Work will begin on these projects Feb. 1 and is scheduled to be completed by April 8. The Kansas City to St.

Union Pacific Reports Fourth Quarter Earnings Growth Driven By Productivity and Lower Energy Costs

January 29, 2009 Railfanning.org News Wire

OMAHA, Neb. — Union Pacific Corp. reported 2008 fourth quarter net income of $661 million, or $1.31 per diluted share, a 35 percent increase compared to $491 million, or $0.93 per diluted share for the fourth quarter of 2007. The company posted quarterly operating revenues of $4.3 billion in 2008 versus $4.2 billion in the fourth quarter 2007. Union Pacific posted solid earnings for the quarter and the year, despite numerous challenges,” said Jim Young, Union Pacific chairman and chief executive officer. “We increased profitability by operating a safe and efficient railroad that delivered excellent service and value for our

AAR: Rail Freight Traffic Down During Holiday Week

December 31, 2008 Railfanning.org News Wire

WASHINGTON — Freight traffic on U.S. railroads was down during the holiday week ended December 27 in comparison with the corresponding holiday week last year the Association of American Railroads (AAR) reported today. Total volume was estimated at 21.4 billion ton-miles, down 20.1 percent from the same week last year. Intermodal volume totaled 124,061 trailers or containers, down 21.8 percent from last year, with container volume down 21.5 percent and trailer volume down 23.2 percent. Carload freight, which doesn’t include the intermodal data, totaled 200,365 cars for the week, down 21.7 percent from last year. Loadings were down 26.5 percent