UP coal traffic has hit bottom, CEO says NEWSWIRE

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A Union Pacific coal train heads east through Glen Ellyn, Ill., on Feb. 23, 2020. The railroad’s coal traffic has hit bottom as low natural gas prices lead to shutdowns of coal-fired power plans, according to CEO Lance Fritz. TRAINS: David Lassen MIAMI BEACH, Fla. — Union Pacific’s coal traffic — which is down 30% […]

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News Wire Digest for Thursday, Feb. 20 NEWSWIRE

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Thursday morning rail news: — The Colorado Department of Transportation and Union Pacific have reached agreement on sale of 59 acres of the former Burnham Yard, UP’s ex-Rio Grande facility in downtown Denver. Colorado Public Radio says the non-binding agreement sets a price of $50 million for the land, which could be used for a […]

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Real estate moguls seek to pry Tennessee Pass line away from Union Pacific NEWSWIRE

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Tennessee Pass proposal Surface Transportation Board filing WASHINGTON — A firm controlled by billionaire New York City real estate magnates has asked the Surface Transportation Board to order Union Pacific to sell its 228-mile Tennessee Pass route so that the historic Colorado line can be reactivated. KCVN LLC and its subsidiary, Colorado Pacific Railroad LLC, […]

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Trains News Wire Digest for Monday, Feb. 17 NEWSWIRE

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Monday morning rail news: — Amtrak service to and from Canada was disrupted Sunday by the rail blockades in that country. The Maple Leaf originated and ended in Niagara Falls, N.Y., instead of Toronto; the northbound Adirondack terminated in Albany rather than Montreal, while the southbound train originated in Plattsburgh, N.Y. Some Amtrak Cascade trains […]

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Locomotive news briefs for Feb. 14 NEWSWIRE

GP30 carbody to Montana Western Rail shop in Airway Heights, Wash., southwest of Spokane, has rebuilt a new locomotive for Central Montana Railroad. CMR GP38-3M No. 3001 was released in late January for testing and delivery. The locomotive was originally built as Rio Grande GP30 No. 3001 and was most recently part of the Hudson […]

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News Wire roundup for Thursday, Feb. 6 NEWSWIRE

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A look at Thursday morning rail news: — Light rail operators on the Minneapolis-St. Paul Metro Transit system told a state legislative panel that they fear for their safety while at work, and that they often witness criminal activity including drug deals and assaults, the Minneapolis Star Tribune reports. The two operators testified during a […]

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News Wire Digest for Wednesday, Feb. 5 NEWSWIRE

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A look at Wednesday morning rail news: — The city of Palestine, Texas, is demanding a jury trial in Union Pacific’s lawsuit over an agreement requiring it to base a certain number of jobs in the community [see “UP sues to end employment provision in Texas town,” Trains News Wire, Dec. 2, 2019]. Attorney James […]

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Union Pacific to resume interline service in some domestic intermodal lanes NEWSWIRE

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OMAHA, Neb. — Union Pacific next month will resume intermodal service in nearly 60 interline lanes it dropped last year under its shift to a Precision Scheduled Railroading operating model and its emphasis on a simplified network. Since late 2018 UP has scrapped service between hundreds of intermodal points it jointly served with CSX Transportation […]

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Union Pacific idles Fort Worth yard hump; railroad executives say more changes are likely NEWSWIRE

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Union Pacific’s yard hump at Davidson Yard in Fort Worth, Texas. Lance Lassen OMAHA, Neb. — Union Pacific confirmed today that it has shut down the hump at Davidson Yard in Fort Worth, Texas, and said more yard changes are likely as the railroad continues to reduce car handlings across its system. UP has shifted some […]

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Union Pacific profits sag under the weight of broad quarterly traffic declines NEWSWIRE

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OMAHA, Neb. — Union Pacific on Thursday reported lower revenue and earnings for the fourth quarter as traffic declined 11%, led by steep drops in coal and intermodal volume. For the quarter, operating income fell 5%, to $2.1 billion, as revenue decreased 9%, to $5.2 billion. Earnings per share slumped 5%, to $2.02, missing Wall […]

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