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Union Pacific Announces Several Hundred Layoffs

2015-09-16 20:50:15| Railroads - Topix.net

Union Pacific announced Wednesday plans to reduce its management workforce in Omaha and other locations by several hundred employees in the coming months "through a combination of anticipated attrition and terminations." "As with the furlough of more than 1,000 craft professionals in recent months, this is an extremely difficult decision to make because of the impact it will have on all our employees," said President and CEO Lance Fritz.

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Is Union Pacific Finally Turning Things Around?

2015-09-13 09:37:05| Railroads - Topix.net

I still think Union Pacific is an elite franchise trading at a fair value, but I think that there are too many thorns stuck in its side for me to be super bullish right now. I plan to hold my existing shares, but likely won't be adding any new ones until declines in traffic either stabilize or at least slow down.

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BNSF, Union Pacific say 'meltdown' in nation's rail grid is looming

2015-09-11 11:06:33| Railroads - Topix.net

A looming deadline for implementation of new railroad safety standards could cause rail networks across the United States to come to a standstill. Under the 2008 Rail Safety Improvement Act , rail companies are required to implement a safety feature called Positive Train Control on certain high-volume lines coast-to-coast.

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Plans to discuss Union Pacific property cleanup in Ashland postponed

2015-09-10 02:54:09| Waste Management - Topix.net

Plans to discuss the cleanup of hazardous materials at Union Pacific's property in Ashland have been postponed until next month. The Ashland City Council was slated to hear an update on the cleanup of railroad-owned land within the city at its regular meeting on Sept.

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Union Pacific Upgraded by Zacks to "Hold"

2015-09-07 23:28:35| Railroads - Topix.net

According to Zacks, "Union Pacific's second-quarter 2015 earnings per share declined 3% on a year-over-year basis.Revenues decreased 10% year over year to $5.43 billion in the quarter, lagging the Zacks Consensus Estimate of $5.58 billion. Declining coal shipments hurt results yet again.

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