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Union Pacific CEO sees strong economy coming out of pandemic

Union Pacific CEO sees strong economy coming out of pandemic
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Union Pacific Champions Environmental Stewardship and Sustainability Goals in New Building America Report

Union Pacific Champions Environmental Stewardship and Sustainability Goals in New Building America Report
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OMAHA, Neb., May 3, 2021 /PRNewswire/ Union Pacific today published its 2020 Building America Report, the railroad s annual report on its progress toward environmental, social and governance (ESG) initiatives. The report unveils Union Pacific s new cumulative ESG strategy called Building a Sustainable Future 2030, which includes four areas of concentration: Investing in our Workforce, Driving Sustainable Solutions, Championing Environmental Stewardship and Strengthening our Communities.
The COVID-19 pandemic taught the world about resiliency, something that s always been a part of our railroad s DNA, said Union Pacific Chairman, President and CEO Lance Fritz. As a critical part of America s infrastructure, our ability to quickly respond to customers evolving needs will continue to be critical lon ....

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Lamphere, Smith Join Next-Gen Freight Rail Agenda

Lamphere, Smith Join Next-Gen Freight Rail Agenda
Written by
Marybeth Luczak, Executive Editor
MidRail LLC Chairman Gil Lamphere and Watco CEO Dan Smith are joining an expert panel sharing growth strategies at Railway Age’s Next-Gen Freight Rail 2021, to be held virtually March 10.
Lamphere (left) is set to address “Growth Through Precision Railroading,” and Smith (right) will focus on “Integrated Transportation Services.”
Created for logistics and supply chain professionals across business development, client relations, sales, finance, planning, and infrastructure, Next-Gen Freight Rail 2021 will help attendees take advantage of growth by leveraging resources and expanding capacity.
Keynote speaker and Union Pacific Chairman, President and CEO Lance Fritz will present “Smart Capital Investment Strategies.” ....

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UP's 'True Potential' Shown in 4Q20 Results (Updated)

January 21, 2021
UP’s ‘True Potential’ Shown in 4Q20 Results (Updated, Cowen)
Written by
Marybeth Luczak, Executive Editor
UP’s 2020 capital program totaled $2.8 billion. One of the railroad s projects was the Dec. 29 installation of a new master retarder in Houston s Englewood Yard; work took close to eight hours (pictured).
Union Pacific (UP) reported Jan. 21 that it earned $1.38 billion, or $2.05 per diluted share, in fourth-quarter 2020 comparable to fourth-quarter 2019’s $1.4 billion, or $2.02 per diluted share. Excluding a previously announced $278 million pre-tax, non-cash impairment charge related to its Brazos yard investment, adjusted fourth-quarter 2020 income was $1.6 billion, or $2.36 per diluted share.
For fourth-quarter 2020, UP operating revenue of $5.1 billion was down 1% vs. the same quarter in 2019. Business volumes, as measured by total revenue carloads, increased 3% compared wi ....

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