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OMAHA, Neb. — An explosion inside a shipping container at the world's largest railyard prompted evacuations in western Nebraska Thursday because of the toxic smoke generated when one of the chemicals aboard caught fire.
OMAHA, Neb. — Federal inspectors said they found an alarming number of defects in the locomotives and railcars Union Pacific was using at the world's largest railyard in western Nebraska this summer, and the railroad was reluctant to fix the problems.
A decline in volumes & high debt hurt Union Pacific (UNP).
Union Pacific Corp said on Monday that two routes into and out of the Los Angeles Basin were closed due to washouts and flood water over the rail, after parts of Southern California and the U.S. Southwest were hit by flash floods.
Union Pacific's (UNP) second-quarter 2023 top line falls 4.9% on a year-over-year basis due to reduced fuel surcharge revenues, lower volumes and an unfavorable business mix.
Union Pacific missed expectations in the second quarter, and efficiency was down. The company announced a well-respected industry veteran as CEO.
The railroad said Jim Vena will take over as CEO next month.
Weakness in freight revenues is likely to have hurt Union Pacific's (UNP) performance in Q2.
Earnings will likely come in at about $2.80 per share, slightly above the consensus estimate of $2.76.
Union Pacific's (UNP) tentative deal with SMART-TD, on ratification, is set to go a long way in promoting the well-being of employees.