Union Pacific News Updates

GovernmentBusinessSafety

Union Pacific’s New CEO Won’t Rule Out Cuts

OMAHA, Neb. — Union Pacific’s new CEO, Jim Vena, says he won’t shy away from cuts, but no one should expect the kind of sweeping changes he made when he first oversaw operations a few years ago.

September 13, 2023
GovernmentBusinessSafety

Federal Railroad Inspectors Find Defects at Union Pacific

OMAHA, Neb. — Federal inspectors said they found an alarming number of defects in the locomotives and railcars Union Pacific was using at its railyard in western Nebraska this summer.

September 11, 2023
BusinessLogistics

Union Pacific Brings Back Jim Vena as CEO

OMAHA, Neb. — Union Pacific on July 26 hired Jim Vena as CEO as the company cut its outlook after reporting disappointing results driven by weakening consumer demand and higher labor costs.

July 26, 2023
GovernmentBusinessSafety

Union Pacific to Renew Push for One-Person Crews

OMAHA, Neb. — Union Pacific will renew its push for one-person train crews when the railroad tests the idea of having a conductor in a truck respond to problems in Nebraska and Colorado.

July 18, 2023
BusinessSafetyLogistics

Union Pacific Reaches Agreement on Engineers’ Work Schedule

OMAHA, Neb. — Engineers who operate trains for Union Pacific will soon have much more predictable schedules allowing them to plan when they are going to be off.

May 24, 2023
BusinessLogistics

CN Announces Alliance With Union Pacific, Mexican Railroad

Canadian National announced plans to begin rail service in Mexico, the United States and Canada with what the railroad says will be a seamless connection in Chicago.

April 25, 2023
GovernmentBusinessSafety

Union Pacific Reports Flat Revenue, Income in Q1

Union Pacific Corp. reported flat year-over-year income and slightly increased revenue for the first quarter of 2023.  

April 20, 2023
BusinessLogistics

Union Pacific Looking for New CEO to Replace Lance Fritz

Union Pacific Corp. said it’s looking for a candidate to replace Chief Executive Officer Lance Fritz. A hedge fund that owns a roughly $1.6 billion stake in Union Pacific pushed for his ouster. 

February 27, 2023
BusinessGlobal Freight

Union Pacific Profit Disappoints After Costly Winter Storms

Union Pacific Corp. reported fourth-quarter profit that missed analysts’ estimates as disruptions from winter storms drove up costs.

January 24, 2023
GovernmentBusinessLogisticsGlobal Freight

Shippers Decry ‘Notoriously Difficult’ Railroads at Hearing

Shippers urged the U.S. railroad regulator to create more competition in the industry during hearings in which Union Pacific Corp. was called to explain a spike in service restrictions.

December 13, 2022