Latest Union Pacific Corp News

Fourth union approves deal with railroads to get 24% raises

Oct. 04, 2022 17:27 PM EDT

OMAHA, Neb. (AP) — Another union has approved the deal it made with the major freight railroads last month that helped prevent a strike to secure 24% raises and $5,000 in bonuses for the workers it represents. The American Train Dispatchers Association said Tuesday that 64% of its...

California train slammed into empty railcars but unclear why

Sep. 29, 2022 17:36 PM EDT

OMAHA, Neb. (AP) — The collision that killed two Union Pacific employees earlier this month in Southern California happened when the train slammed into 92 empty railcars that had been stored on a side track for nine months, investigators said Thursday. The National Transportation...

Rail unions emphasize positives of their tentative deals

Sep. 28, 2022 17:40 PM EDT

OMAHA, Neb. (AP) — The two biggest U.S. railroad unions were working Wednesday ahead of key ratification votes to dispel rumors about the contract deals that averted a potentially devastating nationwide strike . The unions have been fighting rumors on social media that they would...

Rail union that rejected deal signs new tentative agreement

Sep. 27, 2022 16:03 PM EDT

OMAHA, Neb. (AP) — A union that rejected its deal with the nation's freight railroads earlier this month now has a new tentative agreement, but officials cautioned that the contract dispute won't be fully settled until all 12 rail unions approve their agreements this fall. The...

Deal that prevented rail strike still needs worker support

Sep. 21, 2022 18:37 PM EDT

OMAHA, Neb. (AP) — A last-minute deal prevented a railroad strike for now, but many rail workers remain unhappy with working conditions, including some who protested outside their workplaces Wednesday ahead of votes to approve the new contracts. Handfuls of workers gathered outside...

Asian stocks follow Wall St lower amid inflation pressure

Sep. 15, 2022 23:23 PM EDT

BEIJING (AP) — Asian stock markets followed Wall Street lower on Friday after higher-than-expected U.S. inflation dashed hopes the Federal Reserve might ease off more interest rate hikes. Shanghai, Tokyo, Hong Kong and Sydney declined. Oil edged higher. Wall Street's...

Rail workers win key concessions in deal to prevent strike

Sep. 15, 2022 11:44 AM EDT

OMAHA, Neb. (AP) — Here’s what’s in the tentative agreement that railroad unions secured to prevent a potential freight railroad strike. The final deal was negotiated by the unions that represent engineers and conductors, but all 12 of the rail unions will likely benefit from...

Asian shares mostly higher after wobbly gains on Wall St

Sep. 15, 2022 00:08 AM EDT

Shares were mostly higher in Asia on Thursday after a wobbly day of trading yielded modest gains on Wall Street. U.S. futures inched up while oil prices were mixed. Shanghai’s benchmark lost 1% to 3,204.93 after China's central bank left its benchmark lending rate...

1 rail union rejects deal, 2 accept ahead of strike deadline

Sep. 14, 2022 20:01 PM EDT

OMAHA, Neb. (AP) — Members of one union rejected a tentative deal with the largest U.S. freight railroads Wednesday, while two ratified agreements and three others remained at the bargaining table just days ahead of a strike deadline, threatening to intensify snarls in the nation's supply chain...

EXPLAINER: Rail strike would impact consumers, businesses

Sep. 14, 2022 17:15 PM EDT

Commuters, food producers, refineries and others could all be affected if there is a nationwide rail strike at the end of this week. Members of one union rejected a tentative agreement that their leaders had negotiated with the biggest freight railroads, and three other unions were...