Latest Union Pacific Corp News

Canadian Pacific's $31B rail deal moves on down the line

Nov. 23, 2021 19:00 PM EST

KANSAS CITY, Mo. (AP) — Federal regulators on Tuesday cleared a path to consider Canadian Pacific's $31 billion acquisition of Kansas City Southern railroad. The U.S. Surface Transportation Board decided that Canadian Pacific's merger application is complete,...

Railroads fight with unions in court over vaccine mandates

Nov. 08, 2021 18:49 PM EST

OMAHA, Neb. (AP) — Another major railroad has gone to court to determine whether it has the authority to require all its employees to get vaccinated against the coronavirus. BNSF railroad filed a lawsuit Sunday against its major unions over its mandate. It joins Norfolk...

Union Pacific Q3 profit up 23% even with flat volume

Oct. 21, 2021 13:36 PM EDT

OMAHA, Neb. (AP) — Union Pacific hauled in 23% more profit in the third quarter even though the total number of shipments it delivered remained flat overall and the supply chain remained clogged. The Omaha, Nebraska-based railroad said Thursday that it made $1.67...

Union Pacific and its unions sue each other over vaccine

Oct. 19, 2021 22:19 PM EDT

OMAHA, Neb. (AP) — Union Pacific and its labor unions are suing each other to determine whether the railroad has the authority to require its employees to get vaccinated against the coronavirus. The unions argue that the Omaha, Nebraska-based railroad should have...

Union Pacific CEO sees strong economy coming out of pandemic

Sep. 17, 2021 10:33 AM EDT

OMAHA, Neb. (AP) — As Union Pacific’s CEO, Lance Fritz has had to find ways to keep the freight moving during the coronavirus pandemic as the economy nearly ground to a halt and then roared back to life. Now he is working to help clear up a major backlog in imported shipments. ...

Canadian Pacific's acquisition of KCS railroad back on track

Sep. 15, 2021 16:35 PM EDT

OMAHA, Neb. (AP) — After initially getting derailed this spring, Canadian Pacific's $31 billion acquisition of Kansas City Southern is back on track after Canadian National dropped out of the bidding war Wednesday. The deal could still face tough scrutiny from...

Kansas City Southern picks Canadian Pacific bid for railroad

Sep. 12, 2021 15:03 PM EDT

KANSAS CITY, Mo. (AP) — Kansas City Southern has decided that a $31 billion bid from Canadian Pacific is the best of two offers on the table to buy the railroad. The Kansas City, Missouri, company said in a statement Sunday that it has notified rival bidder Canadian...

Kansas City Southern in talks on Canadian Pacific's $31B bid

Sep. 07, 2021 17:37 PM EDT

OMAHA, Neb. (AP) — Kansas City Southern is in talks with Canadian Pacific to determine whether its $31 billion bid for the railroad is the best offer on the table after regulators rejected a key part of Canadian National's $33.6 billion bid last week. Kansas City...