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 $550 million Brazos Yard project in Robertson County, Texas, as UP reallocated funds to improve its El Paso, Texas-to-Loa Angeles line.
Vena said there would be more “rationalization” of the carrier’s network and terminals in order to increase train speed and that future hump yard closures are in the planning stages, according to the Supply Chain Dive news website.
UP is a third of the way through its “Unified 2020” plan to implement PSR, Supply Chain Dive’s Emma Cosgrove reported.
Read Supply Chain Dive’s coverage of the UP earnings call here.
Related News
- 2025 Tentative Agreement Reached Between SMART-TD and Union Pacific
- Stand with Sister Nydia Sandoval on Monday!
- SMART Transportation Division Members Ratify New Five-Year Agreement with 18.77% Wage Increases and Enhanced Benefits
- Union Leadership Meets with New N.S. Trainees in McDonough, Georgia
- CSX Asks to keep Safety Reports out of the Crew Rooms, Injuries are Up, Fatalities Continue, and Transparency is Down
- WE WILL NOT “SHUT THE !#*$ UP AND DRIVE”!
- Railroad Retirement Benefits Set to Increase in January
- Semi Crushes Member in Decatur, Ill.
- Long-time Union Ally Mikie Sherrill Runs for New Jersey Governor
- FRA Suspends Safety Reports due to Government Shutdown