
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
- National Rail Tentative Agreement Update: Q&As Complete, Voting Set to Begin
- From Skeptic to Supporter: Members Work Across the Aisle to Tackle Rail Safety
- Two Training Tracks Are FULL for Upcoming Atlanta Regional Meeting
- How Does a Government Shutdown Impact the Offices Members Rely On?
- The Truth From Within: General Chairpersons From CSX Statement on Departure of CEO Joe Hinrichs
- Update on National Rail Contract –Make Sure You Get Your Ballot
- Two RRB Field Offices Move to New Locations
- Reactions to the SMART-TD Guarantee with Union Pacific
- SMART-TD Members: Scholarships Available for You and Your Families
- President Ferguson Meets with SMART-TD Members at 3rd Annual Carolina Solidarity Shoot