Railroad News

Union Pacific Railroad will spend $103.6 million this year to maintain track and bridges in Illinois.

The Class I's 2018 capital expenditures program includes $40.8 million to maintain track and $23.5 million to maintain bridges in the state, according to a UP press release.

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Union Pacific Railroad yesterday announced the status of its positive train control (PTC) implementation plan.

UP will meet all required deadlines for installing PTC on its network, and will continue to test and refine the system's "immature technologies" in 2019-2020, according to a company press release.

Union Pacific Corp. has redesigned its charitable giving program to support three primary social impact goals: safety, workforce development and community spaces.

Yesterday, UP unveiled its Community Ties Giving Program, which will increase the company's overall community giving to more than $20 million, company officials said in a press release.

Union Pacific Railroad began construction this month on the Brazos Yard in Robertson County, Texas.

The $550 million rail yard project represents the largest capital investment in a single facility in the railroad's 155-year history, UP officials said in a press release.

Union Pacific Corp. today reported fourth-quarter 2017 adjusted net income rose 5 percent to $1.2 billion, or $1.53 per diluted share, compared with $1.14 billion, or $1.39 per share, for the same period a year ago.

Including the impact of the recently passed federal corporate tax reform, UP posted net income of $7.3 billion, or $9.25 per diluted share for Q4 2017, according to a UP press release.

Union Pacific Railroad has partnered with startup accelerator Plug and Play to help drive freight transportation innovations, the Class I announced yesterday.

As an accelerator, Plug and Play helps existing startup companies grow with a combination of seed money, mentoring and connections to large companies. UP will serve as an "anchor partner" in Plug and Play's Supply Chain Innovation Platform.

Union Pacific Railroad and logistics service provider Katoen Natie this week broke ground on a new plastic packaging facility in south Dallas County, Texas.

The plant will be located at the 3,000-acre Prime Pointe Industrial Park, which is adjacent to UP's Dallas Intermodal Terminal.

Union Pacific Railroad today reported better-than-expected third-quarter earnings and revenue despite the Class I's business disruptions caused by Hurricane Harvey.

UP announced third-quarter net income increased to $1.2 billion, or $1.50 per diluted share, compared with net income of $1.1 billion, or $1.36 per diluted share, in the same period a year ago.

Union Pacific Railroad late last week announced appointments to its finance department, as well as the retirement of Vice President and Treasurer Mary Jones and Vice President-Tax Pat O'Malley.

The Class I has named Jon Panzer vice president and treasurer; Jennifer Hamann vice president-planning and analysis; and Bryan Clark, vice president-tax, according to a UP press release.