In the carrier’s quarterly earnings call April 18, Union Pacific Chief Operating Officer Jim Vena said that more cuts are being weighed as UP quests for a 61% operating ratio and continues its move toward Precision Scheduled Railroading (PSR).
During the call, the carrier also announced a “pause” in the construction of its $550 million Brazos Yard project in Robertson County, Texas, as UP reallocated funds to improve its El Paso, Texas-to-Loa Angeles line.
Vena said there would be more “rationalization” of the carrier’s network and terminals in order to increase train speed and that future hump yard closures are in the planning stages, according to the Supply Chain Dive news website.
UP is a third of the way through its “Unified 2020” plan to implement PSR, Supply Chain Dive’s Emma Cosgrove reported.
Read Supply Chain Dive’s coverage of the UP earnings call here.
Related News
- A Century of Labor History for the Brotherhood of Sleeping Car Porters
- CSX Threatens Engineers’ Jobs with New “Zero-Zero” Autopilot Technology
- Legacy: Edmonds Family Mourns a Loss While Celebrating a Future on the Rails
- UPDATE: Arrangements Announced for Brother Steve Bryant’s Celebration of Life
- Cuts to CSX Peer Training Leave New Hires Without Dedicated Mentors
- UPDATE: Arrangements Announced for Brother Dan Bonawitz’s Celebration of Life
- SMART Mobile App Flyer
- OSHA’s Proposed Heat Injury and Illness Prevention Rule: SMART TD Takes a Stand for Rail Workers’ Safety
- Important Update for SMART-TD Members: New Version of the SMART Union Mobile App is Here!
- After Flames Engulf SEPTA Train, Union’s Commitment to Safety, Training is Emphasized