Union Pacific Business News

News and releases from metro area businesses

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w8ing
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Union Pacific Business News

Postby w8ing » Fri Jul 21, 2006 3:55 pm

From the Fremont Tribune, second quarter profits of 67% from last year.  It looks like they are going to invest quite a bit of money in Texas. I wish Nebraska was seeing it.

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Postby the1wags » Sat Jul 22, 2006 8:14 am

Yep, record quarterly profit, 390M. I need a raise. :lol:

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Union Pacific moving record trainloads of coal

Postby Brad » Thu Dec 07, 2006 5:55 pm

Union Pacific moving record trainloads of coal

http://www.omaha.com/index.php?u_pg=46&u_sid=2292672

Union Pacific Railroad said Wednesday that it is moving record trainloads of coal from Wyoming's Southern Powder River Basin and mines in Colorado and Utah.

During November, the Omaha-based Union Pacific moved 20 million tons of coal from the basin, Colorado and Utah, an increase of nearly 8 percent from November 2005.

The railroad averaged 35.7 trains a day in the basin last month, its third-best average daily performance there. U.P. averaged 11.6 trains per day moving Colorado and Utah coal, its best daily train numbers of the year.

U.P.'s trains also were heavier in October and November. Trains moving coal out of the Wyoming basin averaged 15,135 tons each, 200 tons more than last year's annual average.
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Postby MTO » Thu Dec 07, 2006 7:15 pm

all thanks to their best new employee.  josh
15-17, 26, 32

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Postby adam186 » Thu Dec 07, 2006 9:52 pm

Josh, do you get Christmas Bonuses?  Or do you have to give the boss a gift for making you work?

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Postby MTO » Thu Dec 07, 2006 10:57 pm

Or does the boss give you a gift   :;):
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Postby the1wags » Fri Dec 08, 2006 4:11 pm

No christmas bonus here sadly, you gotta be in management to get one. But yeah business is good, 420M profit in the 3Q. And yes, its all because of me.  :lol:

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Postby Brad » Thu Apr 19, 2007 10:59 pm

U.P. profits jumped by 24 percent in 1st quarter

http://www.omaha.com/index.php?u_page=1 ... id=2368846

Union Pacific Corp. today reported a 24 percent jump in net income in its first quarter, driven by improved pricing and increased efficiency.

Net income for the three months ended March 31 was $386 million, or $1.41 per share, compared with $311 million, or $1.15 per share in the same quarter last year.

The results beat projections the Omaha-based railroad made in January, when it forecast first-quarter earnings per share of $1.25 to $1.35.

Union Pacific said it expected earnings growth of 10 percent to 15 percent in its second quarter.

U.P.'s stock rose more than 2 percent in early trading today on the New York Stock Exchange, to $116.28.

The stock of all major freight railroads in North America received a boost earlier this month, when Warren Buffett disclosed that his company, Berkshire Hathaway, had an 11 percent stake in Union Pacific rival BNSF Railway Co. Buffett also said Berkshire had invested in two other, unnamed railroads.

Shipping volume during Union Pacific's first quarter fell 2 percent, but revenue increased 4 percent to $3.85 billion from $3.7 billion the year before. Winter storms - particularly in Nebraska and Wyoming - and a softer housing market contributed to the decline in volume, the railroad said, as did decreased domestic intermodal volume, or the hauling of goods in containers that can be transferred to trucks.
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Postby Brad » Fri Oct 10, 2008 1:32 pm

Deadly crash could speed use of safety controls U.P. has worked on for years

http://www.omaha.com/index.php?u_page=1 ... d=10455580

JOE RUFF WORLD-HERALD STAFF WRITER wrote:Union Pacific could spend up to $1 billion on technology that would automatically stop a train before an accident occurs as it meets a congressional mandate to implement the system by 2015, railroad officials said.

The nation's major railroads could spend similar amounts, depending on their size, spokeswoman Donna Kush said.

Union Pacific has been developing and testing "positive train control" since 1994. It has spent nearly $100 million thus far and could spend $700 million to $1 billion, Kush said. The expense is worth the safety, efficiency and fuel conservation improvements the systems could deliver, she said.

"We were pursuing it without a government mandate," said Mike Rock, U.P.'s vice president of external relations in Washington.

But a deadly collision in Los Angeles last month involving a commuter train and a Union Pacific freight train added urgency to a train safety bill that awaits President Bush's signature after Congress passed it Oct. 1.
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Postby Brad » Thu Oct 23, 2008 10:55 pm

Just showed on the news, Union Pacific is one of the best places to work during these tough economic times.
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Postby Allan_Love_Jr » Sat Nov 15, 2008 6:12 am

Brad wrote:Just showed on the news, Union Pacific is one of the best places to work during these tough economic times.
It's gonna get a whole lot worse. UP and all other Railroads will see a 68% reduction in Freight. And real soon.
Allan Love Jr

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Postby Brad » Thu Jul 23, 2009 10:05 am

UP reports lower 2nd Q profits

http://www.omaha.com/article/20090723/MONEY/907239993

www.omaha.com wrote:Union Pacific Corp. today reported second-quarter profits of $468 million, down 12 percent from last year's April-June quarter. On a per-share basis, profits were 92 cents, dropping by a dime. Revenue fell $1.3 billion - 28 percent - to $3.3 billion from a year earlier.
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Postby Brad » Thu Sep 10, 2009 9:19 am

U.P. freight volumes rising

http://www.omaha.com/article/20090909/MONEY/709109980

By Joe Ruff
WORLD-HERALD STAFF WRITER wrote:
Union Pacific executive Rob Knight told analysts Wednesday that freight volumes were slowly improving but to not expect a traditional Christmas peak because retailers were taking a cautious approach to consumer spending over the holidays.

“Over the last several years, frankly, what used to be a spike of a peak became more of a bump, and right now we're not even seeing much of that,” said Knight, chief financial officer for U.P. “I think folks are going to be very cautious about building too high of inventory.”

The third quarter of July through September typically is busy with rail cars hauling televisions, toys and other consumer items as stores restock shelves for Christmas. But consumers are trimming their spending as job losses mount in the nation's deepest recession since World War II.


By Joe Ruff
WORLD-HERALD STAFF WRITER wrote:
Freight volumes for July and August improved over the first half of the year in the automobile, chemicals and intermodal sectors but remained well below what the railroad could handle, Knight said.

Agriculture volumes should grow with the coming harvest, and steel shipments improved somewhat, he said.

Weekly carloadings in Union Pacific's 23-state network increased from an average of 142,000 in the April and May period to 163,000 in the week ending Aug. 29 but remained about 17 percent below year-ago levels, Knight said.

About 4,500 train crew members were furloughed by the end of August, compared with an average of 5,300 in April and May, he said.
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Postby almighty_tuna » Fri Sep 11, 2009 10:14 am

that's a lot funnier if you misread it like I did as "fright volumes".

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Postby Brad » Wed Sep 30, 2009 10:38 am

Magazine: UP good career starter

http://www.omaha.com/article/20090930/MONEY/709309905

The Associated Press on http://www.omaha.com wrote:Union Pacific has been named one of the best places to start a career.

Business Week ranked the Omaha-based railroad No. 28 in this year's list of the best places to get started in the working world.

UP's human resources vice president Barb Schaefer says being recognized in the magazine is an honor. She says even though hiring has slowed because of the economy, the railroad expects a number of openings in next few years because of retirements.

The magazine used three pieces of information to build its list. Business Week surveyed career counselors at U.S. colleges, and it conducted a survey of 60,000 undergraduates about their top choices for employment. And the magazine asked those companies to complete a survey about their hiring, benefits and training.
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Postby Brad » Wed Mar 31, 2010 1:14 pm

Union Pacific Railroad Unveils No. 2010 Boy Scouts of America Commemorative Locomotive

http://www.uprr.com/newsinfo/releases/c ... outs.shtml

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www.uprr.com wrote:Special Locomotive Celebrates Scouting’s 100-year History

Houston, Texas, March 31, 2010 – Union Pacific Railroad today unveiled the UP No. 2010 Boy Scouts of America Locomotive, created as a tribute to the organization's centennial celebration. The UP No. 2010 honors Scouting's 100-year impact on the nation and the many Scouting enthusiasts in Union Pacific's work force and communities.

"Union Pacific and the Boy Scouts of America have played leadership roles in shaping America's history. With the UP No. 2010, we are proud to celebrate 100 years of Scouting, progress and patriotism," said Robert W. Turner, Union Pacific senior vice president-Corporate Relations.

"We are deeply honored by the tribute Union Pacific has given to Scouting through the creation of the commemorative locomotive," said Bob Mazzuca, Chief Scout Executive of the Boy Scouts of America. "We also owe a great deal of gratitude to our UP employee Scouting alumni base, which has spearheaded the movement to create the UP No. 2010. Their efforts mean that for years to come, the locomotive will serve as a reminder of the impact millions of Scouts have had on this country for 100 years."

A very rare honor, Union Pacific has created only 14 commemorative locomotives in its nearly 150-year history. The Boy Scouts-themed locomotive is decorated with a series of four distinct graphics:

The national Boy Scouts of America logo;
The BSA's 100th Anniversary logo;
The words "100 Years of Scouting," and,
Ten emblems representing stages of Scouting and an 11th emblem for the 2010 National Scout Jamboree

The UP No. 2010 locomotive will celebrate the BSA's centennial as it hauls the freight that supports America across Union Pacific's 32,000-mile, 7,000-community network. Because it is one of the newest and most fuel-efficient locomotives, the UP No. 2010 likely will carry service-sensitive consists such as automotive and intermodal trains.
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Postby Coyote » Tue Jul 13, 2010 6:41 pm

[font=Georgia]Union Pacific Railroad Recognized as a Best Diversity Company by Diversity Careers in Engineering and Information Technology[/font]

Wall Street Journal wrote:"We are proud to be recognized for the second consecutive year as a Best Diversity Company," said Barb Schaefer, Union Pacific senior vice president - Human Resources. "It is critical for the success of our company that we attract the most capable people, regardless of their gender, race or ethnicity, to work for Union Pacific."
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Postby Coyote » Fri Jan 20, 2012 4:50 pm

[font=Georgia]Nebraska Gov. Dave Heineman & Union Pacific CEO Jim Young Announce UP's $1 Billion Investment in Nebraska[/font]

PR Newswire wrote:•Union Pacific is expanding capacity at its North Platte rail yard, the largest railroad classification yard in the world, with a $70 million investment for better throughput by adding track and technology upgrades.
•About 125 trains a day transport goods through Nebraska on Union Pacific's main line – making it the busiest freight rail transportation corridor in the United States. An investment of approximately $220 million in new rail, ties and other work will increase capacity and fluidity on this busy corridor.
•Between Fremont and Missouri Valley, Union Pacific plans to spend $206 million on new crew change buildings, a bridge over the Elkhorn River, new technology and track. This is a multiple-year project to move trains more efficiently and improve service.
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Postby Brad » Sat Jan 21, 2012 5:28 pm

The Fremont to Missouri Valley project is just entering its second year.  In fact the first segment of double track is about to be activated next week.  That segment runs from West Blair (Near Dana College) to Kennard.  They have also already worked on most of the grading from Missouri Valley to California Junction and are ready to start laying track in that section soon.  The Mo Valley to California Junction sections will also have two sidings for Crew Changes.
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Postby Brad » Fri Mar 02, 2012 9:51 am

Union Pacific CEO to Take Medical Leave of Absence

http://www.uprr.com/newsinfo/releases/h ... oung.shtml

Union Pacific wrote:Omaha, Neb., March 02, 2012 – Union Pacific Corporation announced today that its Chairman, President and Chief Executive Officer James R. Young will take a medical leave of absence from his responsibilities as President and Chief Executive Officer while he is being treated for recently diagnosed pancreatic cancer. He will remain Chairman of the Board during his treatment. Pursuant to a long-established plan for such situations, John J. Koraleski, executive vice president-Marketing and Sales, will serve as Acting President and CEO during Mr. Young's absence.

Steven Rogel, Union Pacific's lead independent director, said: "The board has a great deal of confidence in Jack, Rob Knight our CFO, Lance Fritz our head of Operations, and the entire management team. We are confident that our company will continue to provide great service to our customers while meeting the financial and safety objectives we have set for ourselves and our shareholders expect."

Since joining the railroad in 1972, Koraleski has held a number of executive positions including Controller of Union Pacific Corporation and Executive Vice President-Finance and Chief Financial Officer of Union Pacific Railroad. He also has held positions in the railroad's Information Technologies, Real Estate, and Administrative departments. He earned both a bachelor's and master's degree in business administration from the University of Nebraska at Omaha.

"As Jim undergoes his treatment, he has the prayers and support of all 45,000 employees of the UP Team. Our commitment to him, our customers, and our shareholders is continued strong performance of our Company and another record-setting year for Union Pacific," Koraleski said.

The use of a medical leave of absence by the Chief Executive Officer is consistent with company policy established several years ago by the board of directors to ensure management continuity in the case of a change in the status of the CEO. The policy and the assignment of an acting CEO are reviewed regularly by the board's corporate governance and nominating committee.
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Postby Brad » Thu Jul 19, 2012 10:47 am

Record-setting 2nd quarter for Union Pacific

http://www.omaha.com/article/20120719/M ... on-pacific

Erin Golden
WORLD-HERALD STAFF WRITER wrote:
Union Pacific said Thursday that the second quarter of 2012 was its best ever, by nearly all financial measures.

The Omaha-based railroad's net income was up about 27 percent, from $785 million to $1 billion.
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Postby Brad » Thu Jan 23, 2014 8:51 am

.

Union Pacific Reports Best-Ever Quarterly and Full Year Results

http://www.uprr.com/newsinfo/releases/financial/2014/0123_4qearnings.shtml

Union Pacific wrote:
"For the first time in six quarters, we reported overall volume growth, despite significantly weaker coal shipments. It highlights the strength of our diverse franchise, the extensive network reach we have to various markets, and a strong grain harvest," said Jack Koraleski, Union Pacific chief executive officer. "Volume growth, combined with solid core pricing gains and our continued focus on safety, service, and efficiency, generated a record fourth quarter operating ratio of 65.0 percent. The fourth quarter wrapped up another tremendous year for Union Pacific, with our overall financial performance exceeding all previous milestones."


Union Pacific wrote:
2014 Outlook

"As we look at 2014, we see signs that the economy is slowly strengthening. We're well-positioned for economic growth and are confident in our ability to deliver on our customers' growing transportation needs," Koraleski said. "We'll continue our unrelenting focus on both safety and service to our customers. We strongly believe in the power and potential of the Union Pacific franchise to drive even greater financial performance and shareholder returns in the years to come."





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Re: Union Pacific Business News

Postby Brad » Fri May 16, 2014 10:46 am

UP splits stock increases capital spending

http://www.uprr.com/newsinfo/releases/f ... plit.shtml" onclick="window.open(this.href);return false;

Union Pacific wrote:OMAHA, NEB., MAY 15, 2014

Union Pacific Corporation (NYSE: UNP) announced that its Board of Directors voted today to authorize a two-for-one stock split, distributed as a stock dividend. Shareholders of record on May 27, 2014, will receive one additional share of Union Pacific common stock for each common share they hold as of this record date. The stock dividend will be paid on June 6, 2014. This stock dividend will not change the proportionate interest that a shareholder maintains in the Company.

Today, the Board also declared a quarterly dividend of 91 cents per share (45.5 cents per share post-split) on its common stock, payable July 1, 2014, to shareholders of record on June 16, 2014. Union Pacific has paid dividends on its common stock for 115 consecutive years.

The Company also announced Board approval of an additional $150 million in capital expenditures this year, bringing the total 2014 capital spending plan to $4.1 billion. The additional capital will be used for equipment acquisitions, including 29 more locomotives, as well as additional capacity investment, targeting growth opportunities in the northern region of the railroad.

"We are investing in a future that has never been brighter for Union Pacific," said Jack Koraleski, Union Pacific chief executive officer. "With the strength of our franchise, and our ongoing commitment to safety, service, and efficiency, we are confident in our ability to continue to create value for our customers, and generate strong returns for our shareholders in the years ahead."
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Re: Union Pacific Business News

Postby Brad » Thu Jul 24, 2014 9:37 am

Union Pacific Reports All-Time Quarterly Records

http://www.uprr.com/newsinfo/releases/f ... ings.shtml" onclick="window.open(this.href);return false;

Union Pacific wrote:Union Pacific Corporation (NYSE: UNP) today reported 2014 second quarter net income of $1.3 billion, or $1.43 per diluted share, compared to $1.1 billion, or $1.18 per diluted share, in the second quarter 2013.

All-Time Quarterly Records
Diluted earnings per share of $1.43 improved 21 percent.
Operating revenues totaled $6.0 billion, up 10 percent.
Operating income totaled $2.2 billion, up 17 percent.
Operating ratio of 63.5 percent improved 2.2 points.

"Union Pacific achieved record quarterly financial results, leveraging the strengths of our diverse franchise to handle strong demand in the face of challenging operating conditions," said Jack Koraleski, Union Pacific chief executive officer. "We were pleased to see strong volume growth which, combined with solid core pricing, drove more than a two-point improvement in our Operating Ratio to a record 63.5 percent for the quarter."


Union Pacific wrote:2014 Outlook

"We are optimistic about the second half of the year," Koraleski said. "As always, we are closely monitoring the economic landscape, along with the major drivers across all of our business segments, including the potential impact of weather on grain and coal. As the economy gradually continues to improve, the power of our diverse franchise provides business growth opportunities in all of our commodity groups. The men and women of Union Pacific are committed to safely improving our network performance, allowing us to provide customers with the excellent service they deserve, while rewarding our shareholders with increasing returns."
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Re: Union Pacific Business News

Postby Brad » Mon Sep 29, 2014 12:13 pm

Union Pacific's new TV Commercials came out today. Saw one during the Today's show.

[BBvideo 560,340]http://youtu.be/3Z9T_HBlyWg?list=PLh3l5IvpX5hYeqMk_6t0JCPpsaZIZneAa[/BBvideo]

[BBvideo 560,340]http://youtu.be/d0tTt0KlE00?list=PLh3l5IvpX5hYeqMk_6t0JCPpsaZIZneAa[/BBvideo]

One of my co-workers is in the first one.
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Re: Union Pacific Business News

Postby skinzfan23 » Mon Sep 29, 2014 12:17 pm

Is the one scene in the first one filmed at the diner in the old market? I remember seeing a filming crew near there in early summer.

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Re: Union Pacific Business News

Postby Brad » Mon Sep 29, 2014 12:21 pm

skinzfan23 wrote:Is the one scene in the first one filmed at the diner in the old market?  I remember seeing a filming crew near there in early summer.


Yep, that's the scene my co-worker is in.
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Re: Union Pacific Business News

Postby iamjacobm » Mon Sep 29, 2014 12:45 pm

Looked like the UNO Arena is in there too.

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Re: Union Pacific Business News

Postby iamjacobm » Wed Nov 05, 2014 6:01 pm

UP is doing really well lately.

http://www.omaha.com/money/more-jobs-locomotives-on-the-way-union-pacific-says-at/article_1f1db217-72f2-56d2-9849-a4a062acf4b4.html

Union Pacific Railroad has boosted hiring plans and aims to add 200 new locomotives next year to improve network congestion, the company said at an investor conference Wednesday in Chicago.

“We have been short of train crews,” acknowledged Chief Operating Officer Lance Fritz, speaking at the conference. “We have more than doubled the hiring we originally planned.”

The Omaha-based railroad said this month it intends to hire 3,600 train, engine and yard workers this year and buy 261 new locomotives, up from the 3,200 hires and 229 locomotives announced in July. Network congestion among the nation’s seven Class 1 freight railroads has slowed average train speeds and increased the time trains spend idle, angering grain shippers and coal-burning electric utilities.

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Re: Union Pacific Business News

Postby Brad » Thu Nov 06, 2014 8:15 am

iamjacobm wrote:UP is doing really well lately.

The have really seemed to avoid the traffic problems that has plagued the BNSF's northern line for over a year now.

OWH wrote:and buy 261 new locomotives


They have also re activated some older locomotives that have been stored and are still rebuilding a lot of older power too.

They just released their third commercial "Answering the Call".

[BBvideo 560,340]https://www.youtube.com/watch?v=3sqVu89RDho[/BBvideo]
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Re: Union Pacific Business News

Postby E_L_Cut » Sat Nov 08, 2014 11:20 pm

Right now all of the railroads are struggling with volume (especially BNSF). The explosion (pun not intended) of fracturing is mostly to blame. Somebody's got to ship that oil and natural gas, after all. It's going to take the railroads a while to catch up with the increase in demand but at least it's jump starting capital investment in infrastructure.

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Re: Union Pacific Business News

Postby Brad » Tue Dec 09, 2014 4:54 pm

UP trains OFD on tank car safety.

http://www.uprr.com/newsinfo/community_ ... _car.shtml" onclick="window.open(this.href);return false;
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iamjacobm
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Re: Union Pacific Business News

Postby iamjacobm » Wed Aug 12, 2015 8:56 pm

Sounds like a decent sized layoff could hit the HQ.

Louie
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Re: Union Pacific Business News

Postby Louie » Wed Aug 12, 2015 10:58 pm

Well that's not good for our speculations of them needing more office space.

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Uffda
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Re: Union Pacific Business News

Postby Uffda » Thu Aug 13, 2015 8:48 pm

iamjacobm wrote:Sounds like a decent sized layoff could hit the HQ.



Union Pacific to cut 'several hundred' management jobs in Omaha, elsewhere

Union Pacific said Wednesday it plans to eliminate “several hundred” management jobs in Omaha and elsewhere in the coming months, as the largest U.S. freight railroad faces slumping cargo volume.
The job cuts will come from “terminations and attrition,” said Omaha-based Union Pacific, employer of about 8,000 Nebraskans and almost 50,000 people nationwide.


http://www.omaha.com/money/union-pacifi ... 2f5ec.html

Greg S
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Re: Union Pacific Business News

Postby Greg S » Thu Sep 17, 2015 10:13 am

Layoffs started Wednesday for several hundred management jobs:

http://www.omaha.com/money/as-cargo-shr ... 366f8.html

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choke
Human Relations
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Re: Union Pacific Business News

Postby choke » Sun Nov 06, 2016 12:16 pm

UP is gonna remain in trouble if they don't upgrade their technology:
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Brad
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Re: Union Pacific Business News

Postby Brad » Tue Nov 08, 2016 11:27 am

Lol, what year was that photo taken?
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choke
Human Relations
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Re: Union Pacific Business News

Postby choke » Tue Nov 08, 2016 12:44 pm

Brad wrote:Lol, what year was that photo taken?


It's in a pamphlet that I bought at an estate sale about the history of UP. I don't see a date on it anywhere as I was curious what year that was also.

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Coyote
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Re: Union Pacific Business News

Postby Coyote » Tue Dec 27, 2016 8:18 pm

Maybe they are. They are putting in $800K into their fort on 90th & Sorensen.
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