union News Updates

Special CoverageBusiness

Longshoremen’s Union Pledges to Fight Port Automation as Execs Call it Inevitable

The head of the International Longshoremen’s Association plans to fight efforts to automate terminals as part of the negotiations beginning in February on a new contract to cover 65,000 dockworkers. However, a panelist at the 2017 Transportation Research Board conference described it as inevitable.

January 12, 2017
BusinessLogistics

Union Pacific Acquires Fruit, Vegetable Shipping Firm Railex

Union Pacific, the nation’s largest railroad, has acquired the refrigerated and cold-storage facilities of Railex in Rotterdam, N.Y., Wallula, Washington, and Delano, California.

January 6, 2017
BusinessLogistics

Union Pacific Agrees to Inspection, Maintenance Improvements

Federal railroad authorities reached an agreement with Union Pacific Railroad requiring improvements to the railroad’s inspection and safety procedures.

December 28, 2016
GovernmentBusinessLogistics

NTSB Rules Crew Was Likely Asleep During Fatal Arkansas Freight Train Crash

WASHINGTON — A fatal collision of two Union Pacific freight trains in Arkansas resulted from a fatigued engineer and conductor who were both likely asleep aboard one of the trains, federal investigators ruled Dec. 6.    

December 6, 2016
BusinessLogistics

Union Pacific Net Income Slips 13% as Freight Volume Declines

Union Pacific Corp. net income slipped 13% to $1.13 billion, or $1.36 per share, hurt by lower intermodal and other freight volume and weaker pricing.

October 20, 2016
BusinessLogistics

Union Pacific, Canadian Pacific Earnings Slump; Kansas City Southern Gains

Union Pacific Corp. and Canadian Pacific Railway Ltd. this week reported second-quarter net income fell 19% and 16% respectively in a weak rail freight market, while smaller carrier Kansas City Southern raised net income 7% with help from a tax credit.

July 21, 2016
BusinessLogistics

Union Pacific Profit Beats Estimates Amid Cost Cutting

Union Pacific Corp. reported first-quarter earnings higher than analysts’ expectations as the railroad cut costs and boosted prices to mitigate a steep drop in cargo demand, pushing shares to their highest value in five months.

April 21, 2016
BusinessLogistics

Union Pacific’s Fritz to Become Chairman on Oct. 1

Union Pacific Corp. selected CEO Lance Fritz to become its chairman Oct. 1 when Jack Koraleski retires from the post after 43 years at the railroad.

July 31, 2015
BusinessLogistics

West Coast Port Gridlock Hampers Union Pacific Earnings

Union Pacific Corp., the largest U.S. railroad, posted first-quarter profit and sales below estimates as West Coast port congestion and slack coal demand caused carloads to decline.

April 23, 2015
Business

Con-way Mechanics Reject Union Representation in Indiana

Mechanics at the Con-way Freight facility in Gary/Hammond, Indiana, rejected a vote to be represented by the International Association of Machinists and Aerospace Workers union.

March 9, 2015