The Omaha-based railroad said its revenue totaled $5.67 billion, up 8 percent from $5.25 billion in the year-ago quarter.
The chairman, president and CEO of the Omaha-based freight rail behemoth has been publicly and pointedly making the case this year for free trade, which is fundamental to the company’s bottom line.
BNSF Railway says less oil spilled from derailed tanker cars in northwest Iowa last month than originally believed.
Red Giant Oil Co., a 108-year-old Council Bluffs company that is one of North America’s largest blenders of locomotive engine oil, is to be purchased by HollyFrontier Corp., a Dallas firm listed on the New York Stock Exchange.
A freight train derailed in northwest Iowa on Friday and leaked crude oil from at least one of 31 tankers into flooded fields flanking the tracks.
Union Pacific Corp. held its first open annual shareholder meeting in Omaha on Thursday after more than 100 years of hosting shareholders in Salt Lake City.
U.P.'s chief executive said he was "encouraged by the work we are doing to quickly regain superior levels of service and efficiency."
Trump proposed tariffs on aluminum and steel that he said would put the U.S. first. "Trade wars are good," he tweeted early Friday. The response from Nebraska leaders in railroading, manufacturing and agriculture: No.
Railroad labor unions representing the more than 13,000 industry employees working for Union Pacific and BNSF in Nebraska have been voting en masse to approve the latest collective bargaining agreement with the nation’s train companies.
Trains are getting longer, as the nation’s freight railroads seek out greater efficiency — lower expenses mean higher profits — by grouping more railcars into fewer trains.
At Omaha-based railroad Union Pacific — which got 14 percent of revenue from hauling coal last quarter — the official reaction to the withdrawal from the fossil- fuel hostile Paris agreement was the opposite of what some might have expected.
Berkshire has drawn some criticism for supplying billions of dollars to 3G Capital, a Brazilian investment fund, to finance the purchases of H.J. Heinz Co. and Kraft Foods, which were merged into Kraft Heinz Co. After taking over, 3G’s managers replaced top executives and eliminated thousands of jobs.
Boosted by increase in coal shipments, company’s quarterly profit rose 10% over 2016. The Omaha-based employer of about 8,000 in Nebraska said higher shipments of coal, agricultural products and industrial goods “more than offset declines” in chemicals and vehicles and vehicle parts. Overall volumes climbed 2 percent.
Union Pacific appears set to break a two-year streak of falling shipments, as more expensive natural gas has boosted demand for train-hauled coal at the nation’s electric utilities. The Omaha-based employer of about 8,000 in Nebraska is scheduled to report first-quarter earnings Thursday.
Incidents like U.P. derailment in Oregon prompted government to sharpen its oversight of rail industry.
GRAETTINGER, Iowa (AP) — Authorities said three tanker cars of ethanol remained in a rural creek three days after a fiery train derailment in northwestern Iowa. Environmental specialist Amber Wolf with the Iowa Department of Natural Resources said Monday the fire finally went out midday Sund…
Environmental experts were checking for ethanol leaks Friday after a freight train derailed and burst into flames as it crossed a trestle bridge over a northwest Iowa creek that empties into the Des Moines River.
The North American Free Trade Agreement has meant about five times more business with Mexico over the past 20 years for the trucks and trains crucial to Nebraska’s economy.
MOSIER, Ore. (AP) — Union Pacific is asking a federal judge to reject local rules that threaten to derail its plans to add a second main track along the Columbia River Gorge where a crude oil train derailed last June.
Union labor-contract negotiations for one of Nebraska’s key industries — freight railroads — have stalled after almost two years of fruitless bargaining.
U.P. and Werner both reported third-quarter financial results on Thursday, and profit fell at both on slumping demand for cargo hauling.
The Omaha-based employer of 8,000 Nebraskans said third-quarter income was $1.1 billion, or $1.36 a share, down from $1.3 billion, or $1.50 a share, a year earlier.
The scrutiny comes as the nation debates transportation safety as never before, with recommendations for heavy truck speed limits and demand in some quarters for the outright ban of crude oil transported by rail.
Omaha-based Northern Natural Gas said it can expand to take advantage of pipeline demand expected to come from a big new find in Texas, and that it is working on plans to profit from the discovery.
BNSF’s tracks are inspected from overhead as part of the FAA’s development of rules for such aircraft.
The Federal Railroad Administration report shows that some railroads have made substantial progress. Others have yet to equip a single locomotive or track segment with the technology, or install a single radio tower.
As a youngster, I probably wasn’t even aware of the history that the railroad guys were making.
The group, which calls itself “Teamen UP,” said it would fight against “diversity for diversity’s sake as a virtue” and said U.P. departments were “cluttered” with “token minority employees.”
The Omaha-based railroad, which employs about 8,000 people in Nebraska, said it placed 3,300 employees on furlough and its total workforce is down about 5,800 people from a year ago to a quarterly average of 43,053, including a 22 percent reduction in train and rail yard employees.
Net income totaled $979 million, or $1.17 per share, compared with $1.2 billion, or $1.38 per share, in the same quarter last year.
The railroad industry is facing a new challenge just as customer demand for freight hauling appears to be showing signs of life after almost two years in the doldrums.
The annual Railroad Days festival celebrates all things trains at the Durham, Lauritzen Gardens, RailsWest Railroad Museum, Union Pacific Railroad Museum, Historic General Dodge House and, new to the event this year, Lewis & Clark National Historic Trail Center at the National Park Service building on the Omaha riverfront.
Rodolfo Quiles sued Union Pacific in U.S. District Court in Omaha last week, saying the company is in violation of the Uniformed Services Employment and Reemployment Rights Act. The U.S. Labor Department, the suit says, investigated the matter and found that the complaints lodged by Quiles had legal merit. The railroad says the lawsuit is baseless.
This year’s Railroad Days celebration in Omaha and Council Bluffs marks the centennial of the National Park Service.
Oil is often transported in trains with as many as 100 tank cars at a time. At least 27 oil trains have derailed in the United States and Canada in the past decade, often leading to fiery explosions and extensive environmental damage. Local authorities have complained that they’ve been unable to obtain information or there have been delays in obtaining information from railroads.
Union Pacific Corp., Berkshire Hathaway Inc. and Cabela’s are Nebraska’s contribution to the list. Casey’s General Store is Iowa’s sole brand among the 500.
Federal investigators in a preliminary report released Thursday blamed the derailment on Union Pacific for failing to properly maintain its track.
A train towing cars full of oil derailed Friday in Oregon's scenic Columbia River Gorge, sparking a fire that sent a plume of black smoke high into the sky.
The Omaha-based employer of 8,000 Nebraskans said that so far in second quarter, volume is down 14 percent. U.P., the nation’s second-largest railroad by ton-miles, made the forecast at a conference in Boston. It predicted freight volume for 2016 would be down by a percentage in the mid-single digits.
According to Calli Hite, a Union Pacific spokeswoman, five cars of the train derailed at about 7 p.m. near 10th Street and Interstate 80. Nobody was injured, Hite said, and no hazardous materials were involved.
Shares of the company were up about 5 percent in midday trading on news of the personnel reductions and an efficiency charge. The share momentum came even as Omaha-based Union Pacific, the second-largest U.S. railroad behind Berkshire Hathaway-owned BNSF, said Thursday that first-quarter freight volumes fell for a fifth straight quarter.
Union Pacific appears set to join the six other Class I railroads in another quarter of declining freight shipments, which would be the Omaha-based company’s fifth straight amid a worsening transportation economy.
Canadian Pacific said Monday that it is ending its nearly $30 billion takeover bid for Norfolk Southern, less than six months after it offered to buy the rival railroad.
A low unemployment rate, a strong housing market, booming car sales: Some pictures of the U.S. economy are downright rosy. But there could be a storm brewing — a rumbler that has some people mentioning another “r” word: recession.
Trains would have to carry a minimum of two crew members under rules proposed Monday by federal regulators. The move is partly in response to a deadly 2013 crash in which an unattended oil train caught fire and destroyed much of a town in Canada.
All told, 11 Nebraska companies and governments and firms with large-scale operations in Nebraska that are among the largest creditors are owed almost $20 million by Abengoa, which operated ethanol plants in Ravenna and York that are now seeking bankruptcy protection as their Spanish parent company teeters on the brink of insolvency.
The Federal Railroad Administration routinely applies only modest civil penalties for hazardous materials safety violations, even though inspectors request penalties for serious or repeated infractions, said the report by the Department of Transportation’s inspector general.
Projects in 2016 include continuing the construction of 6 miles of double track between Pleasant Dale and Milford, replacing and upgrading about 40 miles of rails and more than 160,000 rail ties, and improving the lines’ ballast, the tracks’ rocky foundation.
Canadian Pacific's move may put pressure on Norfolk Southern ahead of a shareholder vote.
Canadian Pacific said Tuesday that it plans to submit a shareholder resolution on a possible deal at Norfolk Southern’s annual meeting this spring. But it doesn’t plan to nominate its own slate of directors to press the issue.
With Union Pacific Railroad shares down big in the past year, some professional money managers are acting as if they stumbled upon a huge “buy one, get one” sale.