Latest Union Pacific Corp News

Norfolk Southern 3Q profit fell 6% as railroad hauled less

Oct. 23, 2019 10:11 AM EDT

NORFOLK, Va. (AP) — Norfolk Southern's third-quarter profit declined 6% as the railroad hauled less freight. The Norfolk, Virginia-based company said Wednesday that it earned net income of $657 million, of $2.49 per share, in the quarter. That is down from $702 million, or $2.52 per share, a year ago....

Slowing economy, trade wars, drag on US rail companies

Oct. 17, 2019 1:25 PM EDT

OMAHA, Neb. (AP) — The slowing economy and ongoing trade disputes are dragging railroad profits down in the second half of the year. Two railroads, Union Pacific and CSX, have reported declining profit and revenue this week as they hauled less grain, imported goods and other products. Union Pacific's...

Railroads to renew push for one-man crews in contract talks

Oct. 8, 2019 6:32 PM EDT

OMAHA, Neb. (AP) — The biggest U.S. freight railroads appear ready to renew their push to reduce their crews to one person from the current two-man operation used at major railroads now. Eight U.S. railroads have filed a federal lawsuit against the union that represents rail conductors to force the union...