Process. Railway Age magazine today announced that its 2022 Railroader of the Year Award goes to two exemplary and visionary North American rail industry leaders: Canadian Pacific President and Chief Executive Officer Keith Creel, and Kansas City Southern President and Chief Executive Officer Patrick J. Ottensmeyer. Both companies are . Kansas City Southern and Canadian Pacific Just Announced ... CP and CN both serve Canada from coast to coast, but also own railroads and trackage rights in the United States (Figure 1). The merger is subject to review by the federal Surface Transportation Board, which by law must evaluate the proposed merger on whether or not the Board "finds the transaction is consistent with the . Inside Track. CSX's Foote during virtual chat: Pan Am deal will be a go, more mergers likely a no » . In addition, we repurchased 22 million Union Pacific shares, decreasing our full-year average share count by 4%. Union Pacific CSX Transportation News | Rail & Intermodal News What might be the central argument for a 2020 to 2023 merger period is the slowdown in rail freight. Union Pacific; Rail News Home M&A. CEOs of Union Pacific and CSX Transportation chime in on ... Specifically, Union Pacific's acquisition of Southern Pacific and efforts by Norfolk Southern and CSX to divide and integrate Conrail had led to operational meltdowns and significant delays. The board also rejected procedural arguments from CSX, Canadian National and BNSF railroads that said the application should be delayed. The EMD SW1500 is a 1,500 hp diesel-electric locomotive intended for switching service. PDF Csx - 12.31.2020-10k Rail News: M&A CSX to acquire Pan Am Railways Building America for more than 155 years by serving customers, communities and shareholders with a passion for performance, high ethical standards and teamwork. Union Pacific said the cuts are "the first of what likely will be additional workforce reduction initiatives through 2020." Additional cost-cutting efforts include consolidating a variety of. Every Union Pacific non-agreement employee has been hit with a RULA—"Required Unpaid Leave of Absence"—consisting of one week of unpaid leave during May, June, July and August; executives and board members will take a 25% pay reduction over that same time period, UP Chairman, President and CEO Lance Fritz said on April 21. CSX 2020 Form 10-K p.2. Union Pacific Seeks To Sweat Its Assets UP: News Releases - Union Pacific Railroad Union Pacific Railroad Operations. Union Pacific Union Pacific warns about downstream impacts of KCS merger Union Pacific Opens Union Pacific Twin Cities Intermodal ... The Omaha-based carrier is also targeting a full-year operating ratio of 60% by 2020, with an ultimate goal of 55%. Dive Brief: CSX CEO Jim Foote said he would not rule out a merger with another Class I railroad. Get the latest Union Pacific Corporation (UNP) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. Chicago, IL - December 28, 2021 - Today, Zacks Equity Research discusses Railroad, including Union Pacific Corporation UNP, Canadian National Railway Company CNI, CSX Corporation CSX and . . Shareholders who . I've seen BNSF, Union Pacific, and Canadian National and BCRail all in one tiny city served by a Norfolk Southern subsidiary (where 99.99% of the locomotives are NS-painted black C40-9Ws). — Union Pacific Corporation today reported 2020 first quarter net income of $1.5 billion, or $2.15 per diluted share. example, CP explored a merger with CSX in 2014 and with Norfolk Southern in 2020—have triggered vociferous objections and have not come to fruition. Model Road No. Union Pacific had argued that the merger application didn't include enough data on how other shipments might be affected by the deal, but regulators said those details weren't required at this stage. Union Pacific Pledges Science-Based Targets to Reduce Emissions for a More Sustainable Future March 10, 2020 Environment Union Pacific today announced its intention to set science-based targets to determine how much and how quickly the company will reduce greenhouse gas (GHG) emissions to support global climate change goals. Canadian Pacific Railway is looking to the south for growth, announcing plans to acquire Kansas City Southern for $29 billion.. 3 or more at $13.95 ea The calendar opens to an eye-catching 14 x 19-1/2 inches. August 1998. Ike Evans Appointed President, CEO of Union Pacific "UN" Tower Saved for Preservation. in 2020 of $2.6 billion, as we maintained our dividend through the economic downturn. Union Pacific had said during its fourth-quarter 2019 earnings call in January that it was striving to reach an operating ratio below 60% in 2020. UP - CSX would likely result in BNSF - NS, according to one of the articles, along with what has been said in the past. Calendars make great gifts; order several at a discount. It expects positive freight volume growth over that time, the carrier said in a presentation to investors May 31 in Omaha, reversing the 11% . CSX Ohio Eyes Mandate on Size of Railroad Crews s Class I freight railroads for 2018. . Chicago, IL - December 28, 2021 - Today, Zacks Equity Research discusses Railroad, including Union Pacific Corporation UNP, Canadian National Railway Company CNI, CSX Corporation CSX and . CSX Transportation is a U.S. Class I railroad serving major markets in the eastern United States with a rail network of 21,000 route miles in 23 states, the District of Columbia, and the Canadian provinces of Ontario and Quebec.The company has more than 31,000 employees and provides rail-based transportation services including traditional rail service and the transport of intermodal containers . 5/12/2020. ET. Built from 1970 to 1971 for Southern Pacific, these SW1500 locomotives were repainted for Union Pacific after the 1996 merger, and many continue to serve today. Jan 20, 2016 CSX, Union Pacific against final series of mergers Jan 20, 2016 Jan 19, 2016 SMART TD sends letter to STB opposing CP/NS merger Jan 19, 2016 Jan 6, 2016 BARGAINING ROUND UNDERWAY FOR U.S. FREIGHT RAILROADS Jan 6, 2016 SP 8706 and its train have just come through Valley Junction, which is about 1.5 miles north of this location, and is heading toward Union Pacific's Dupo Yard , though, Dupo Yard was not the train's final destination. CEOs of Union Pacific and CSX Transportation chime in on Class I mergers Jim Foote, CSX Transportation CEO CSX Corp. NEW YORK — When Canadian Pacific CEO Keith Creel said in October that the spread of Precision Scheduled Railroading made Class I consolidation more likely, it stirred the pot of merger speculation. The Kansas City, Missouri, company said in a statement Sunday that it has notified rival bidder Canadian National that it intends to terminate a merger agreement and make a deal with Canadian Pacific. The new service will feature domestic intermodal service between the Twin Cities and Los Angeles, expanding its customers' reach to key Upper Midwest markets. Inside Track. This compares to $1.4 billion, or $1.93 per diluted share, in the first quarter 2019. Attributable Net income Q1 2020: $806 million. Shares of CSX Corp <CSX.O> soared 20 percent on Thursday after an activist investor's plan to shake up the U.S. rail operator fueled speculation that the company was once again a takeover target. The Board found that CSX Transportation, Inc., Soo Line Corporation, and Union Pacific Railroad Company were "revenue adequate" for 2018. . Union Pacific (NYSE: UNP) expects to make more changes in 2020 with how the company organizes its rail network, executives with the western U.S. railroad said during the company's third-quarter earnings call Oct. 17. Union Pacific wants STB to put CP-KCS merger application on ice. The 2022 Union Pacific Calendar features 13 large views of Union Pacific trains; one scene to a month: January 2022 through January 2023. Union Pacific Corporation. Edison, NJ — (SBWIRE) — 12/10/2021 — The Freight Cars Market has witnessed continuous growth in past few years and is projected to grow at good pace during the forecast period of 2021-2026 . 21-50 . Both carry significant traffic between U.S. points and Canadian ports. CSXT, Unions Implement New Employee Accountability Policy There has been some speculation that UP 2020 is being implemented in preparation for a UP-CSX merger, which in turn could prompt a final round of Class I consolidation. Typically, these negotiations take . OMAHA, Neb. 50,000 employees, 8,721 locomotives, and 94,284 freight cars. Port of Montana Opens Door for UP Customers' Regional Growth. "Rather than continuing to buy back huge slugs of stock like CSX, I think Union Pacific should just reach out and acquire Kansas City Southern," he said. Union Pacific's Revenue of $23 Billion Are Around 2x of CSX's. CSX's revenues have declined from $12.7 billion in 2014 to $11.9 billion in 2019, primarily led by coal freight business, which . Ranking 2 nd on this list of the top 10 largest railroad companies in the world list is Canadian National Railway, with a current market value of USD 94.85 billion. Union Pacific customers sending freight east of the Mississippi have fewer options as the west's main rail line blames changes on the part of its eastern peer CSX. 2020, the Surface . Obviously the last YoY quarter we had the march 2020 crash and valuations were not looking so good, this should be considered when comparing YoY AUM. Union Pacific. Fri Oct 16, 2020 1:38 pm. Any merger involving Kansas City Southern and either Canadian Pacific or CN should be scrutinized by regulators to ensure that the combined railroad doesn't cause downstream impacts to the value of competing railroads, the head of Union Pacific said Thursday.. CP and Kansas City Southern (KCS) last month agreed to merge, while CN made a bid for KCS on Tuesday. Looking at Canadian Pacific, total revenue actually grew 17% from $6.6 billion in 2017 to $7.7 billion in 2020, though 2020 revenues were down by around 1% y-o-y. 2020 Full Year Summary. Union Pacific has opened the Union Pacific Twin Cities Intermodal Terminal, and the railroad is launching intermodal service to Minneapolis in January 2021.. Union Pacific Corp. reported second quarter 2020 operating revenue of $4.2 billion, down 24 percent compared to a year ago, a clear sign of the impact of the COVID-19 pandemic. Clinchfield Railroad. Canadian Pacific approached CSX about merger: WSJ. Operating ratio (OR), which is calculated by . Union Pacific Corporation (UNP) will begin trading ex-dividend on August 28, 2020. For the 13 rail unions that participate in national bargaining, a round of negotiations for benefits, wages and work rules is underway. For the full year 2020, Union Pacific reported net income of $5.3 billion or $7.88 per diluted share. Sep 2020 (USD) . Dec 2020. Later still, the Southern Pacific-Union Pacific merger had some elements of rescuing a struggling carrier. Union Pacific's management believes it can ultimately reach an OR of 55%, while CSX's OR of 56.9% in the . Serial # Bldr (& Date) Notes; 4-8-4: 844: 72971: Alco (12/44) Active steam engine: 4-8-8-4: 4014: 69585 : Alco (11/41) Big Boy, active steam engine The calendar grid features number blocks suitable for note-taking. With rail volumes expected to improve year-over-year in the fourth quarter and into 2021, Union Pacific (NYSE: UNP) will seek to fine-tune its deployment of precision scheduled railroading (PSR . Virginia, USA after the merger, in 2003 the CSX Corporation headquarters moved to Jacksonville, Florida. Attributable Net income Q1 2021: $1,199 million. The U.S. Senate in a 52-48 vote Dec. 7 confirmed labor attorney Deidre Hamilton to the National Mediation Board (NMB), shifting control of the the government body that facilitates labor-management relations in the aviation and rail industries to a 2-to-1 Democratic margin. Union Pacific aims to reduce its operating ratio, a measure of operating expenses as a percentage of revenue and a closely watched gauge of railroad performance, to at least 60 percent by the end . Canadian National Railway. In comparison, Union Pacific began in 2018, and here again, you can see clear improvement. Union Pacific late on Sep. 17 (following Wall Street close of business) announced a new operating plan, "Unified Plan 2020," that "implements Precision Scheduled Railroading principles" that were deployed over the past 20-odd years at, in order, Illinois Central, CN, Canadian Pacific and CSX by the late E. Hunter Harrison. South & Western Railroad incorporated in 1905, renamed Carolina, Clinchfield & Ohio in 1908. UNP's dividend yield, history, payout ratio, proprietary DARS™ rating & much more! Read full article. UNP 1.13%. The deal is the largest ever between two railroads, though the price . The railroad says CP's and KCS' traffic diversion analysis is incomplete, and so the board should compel CP and KCS to revise its merger application. Seaboard System Railroad. . Surface Transportation Board Issues Decisions in CSX/Pan Am Merger Application Review. Operating ratio (OR), which is calculated by . Revenue Q1 2021: $4,398 million. CSX, Norfolk Southern Formally Exercise Control of Conrail "J" Tower in Willard Closes, Demolished; Shorty Hansrote Retires. The volume gains year-over-year have been falling behind trucking gains. CSX Ohio Eyes Mandate on Size of Railroad Crews Regardless of whether CN and CP would also join in, which would be likely I believe, you still would have 2 large railroad systems, thus promoting competition. This can be attributed to higher revenues, and a nearly 600 bps . Union Pacific Corporation's share prices have moved between a 12-month high of $245.59 and a 12-month low of $193.14 and are now trading 27% above that low price at $244.82 per share. Below is our analysis of the Social Security changes that were announced in October 2020 to take effect on Jan. 1, 2021 . Read More » are members of a labor union. UP/CSX merger speculation surfaces WASHINGTON, D.C. - Discussions between Wall Street and the Surface Transportation Board and a customer service survey inquiring about the habits of CSX and Union Pacific Railroad have given rise to the latest speculation of a transcontinental railroad merger . The comments, made at Credit Suisse's 6th Annual Industrials Conference, followed a question by analyst Allison Landry on whether the company would consider joining up with Union Pacific or Norfolk Southern to help the two railroads implement precision scheduled railroading (PSR). September 1998. Excluding the effects of the $278 million pre-tax, non-cash impairment charge, adjusted full year net income was $5.6 billion, or $8.19 per diluted share. My model railroad power pool is predominantly Norfolk Southern, but that doesn't prevent me from keeping a CP, a Conrail, a CSX, a Santa Fe (Kodachrome!) The UTU website carried a story from Traffic World speculating on a UP/CSX meger.I've copied it below. 12/1/2020. Revenue Q1 2020: $3,710 million. . [ November 29, 2021 ] Maryland Breaks Ground on Howard Street Tunnel Expansion Project CSX [ November 29, 2021 ] STB Accepts CP-KCS Merger Application as Complete Canadian Pacific [ November 21, 2021 ] Hochul Says Infrastructure Bill Will Prevent MTA Fare Hike, Service Cuts Commuter Rail (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. and . Union Pacific's net income of $1.8 billion in Q2 2021 reflected a 63% rise from its $1.1 billion figure in the prior-year quarter. This reinforced by a good rating on GlassDoor.com, about 550 reviews, giving AmTrak a rating of 3.4 out of 5, which I know, is higher . A cash dividend payment of $0.97 per share is scheduled to be paid on September 30, 2020. $245.64. The reason I considered AmTrak as being the third best railroad company to work for in 2019 and 2020 is because, being a large passenger carrier, they offer many jobs that will have a better family/work balance. Union Pacific Corp. reported second quarter 2020 operating revenue of $4.2 billion, down 24 percent compared to a year ago, a clear sign of the impact of the COVID-19 pandemic. SBD was absorbed by CSX Transportation on July 1, 1986. Published Mon, Oct 26 2020 6:56 PM EDT. Serial # Bldr (& Date) Notes; 4-8-4: 844: 72971: Alco (12/44) Active steam engine: 4-8-8-4: 4014: 69585 : Alco (11/41) Big Boy, active steam engine Item 1. Business CSX Corporation, together with its subsidiaries ("CSX" or the "Company"), based in Jacksonville, . CSX is a . In a customer notice sent last week , the line cut 197 of 301 origin-destination pairs provided through network interconnects between the two. As rumors over CSX continue, some see benefits to potential Canadian Pacific merger By Jensen Werley - Reporter, Jacksonville Business Journal. Port of Montana Opens Door for UP Customers' Regional Growth. The Board of Directors of Union Pacific Corporation (NYSE: UNP) has declared a quarterly dividend of 97 cents per share on the company's common stock, payable December 30, 2020, to shareholders of record November 30, 2020. A Republican administration that is very pro business is unlikely to stop an end to end rail merger. 2. The regional's network connects with lines operated by CSX, CN, NS, Canadian Pacific, and more than 20 regionals and short lines, and accesses multiple ports and large-scale producers. The Union Pacific Railroad (reporting marks UP, UPP, UPY), legally Union Pacific Railroad Company and simply Union Pacific, is a freight-hauling railroad that operates 8,300 locomotives over 32,200 miles (51,800 km) routes in 23 U.S. states west of Chicago and New Orleans.Union Pacific is the second largest railroad in the United States after BNSF. Customers were notified late last week that Union . Building America for more than 155 years by serving customers, communities and shareholders with a passion for performance, high ethical standards and teamwork. Union Pacific had said during its fourth-quarter 2019 earnings call in January that it was striving to reach an operating ratio below 60% in 2020. On the basis of a brief review of the competitive landscape of the North American railroad industry, I conducted a comparative analysis of the growth history of six railroad companies. Canadian Pacific had $7.8 billion in 2019 operating revenues, so the combined entity would be closer in size to CSX or Norfolk Southern. KANSAS CITY, Mo. Union Pacific. Model Road No. way Norfolf Southern Corp CSX Kansas Union Pacific Corp Pre Merger Operational from FINANCE 222 at ESSEC Seaboard System Railroad (SBD) was created on December 29, 1982, by the merger of Louisville & Nashville and Seaboard Coast Line. Dividend.com: The #1 Source For Dividend Investing. "Keith Creel and Pat Ottensmeyer will reconfigure the North American rail landscape . Omaha, Neb., November 5, 2020. Union Pacific late on Sep. 17 (following Wall Street close of business) announced a new operating plan, "Unified Plan 2020," that "implements Precision Scheduled Railroading principles" that were deployed over the past 20-odd years at, in order, Illinois Central, CN, Canadian Pacific and CSX by the late E. Hunter Harrison. Combining dividends and share repurchases, Union Pacific returned $6.3 billion to our shareholders in 2020. If there are any further mergers in the rail or airline industries expect them to happen soon so they can be approved prior to the 2020 election in case there is a change a to not so pro business party in the white house Posted from Android Source: PR Newswire Press Release: Union Pacific : Union Pacific Corporation Announces Fourth Quarter 2020 Earnings Release Date OMAHA, Neb., Dec. 17, 2020 /PRNewswire/ -- Union Pacific Corporation (NYSE: UNP) will release fourth quarter 2020 financial and operating results on Thursday, January 21, 2021, at 8:00 a.m. Union Pacific Corp. plans to buy back about $20 billion in stock from 2018 to 2020. That is not the case in 2020. Union Pacific's Revenue of $23 Billion Are Around 2x of CSX's. CSX's revenues have declined from $12.7 billion in 2014 to $11.9 billion in 2019, primarily led by coal freight business, which . Load . Published January 23, 2020 Union-Pacific says it will need 3,000 fewer workers in 2020 Video Union Pacific Corp. plans to run its railroad with nearly 3,000 fewer workers this year as the company. As of this writing, both have fared well to date in 2018: Union Pacific shares have gained roughly 9%, while CSX stock, with a firmer wind behind its back, has tacked on 22%. Senate confirms Deidre Hamilton to NMB Wednesday, December 8th, 2021. 12/10/2021 (Friday) No. This compares to $5.9 billion, or $8.38 per diluted share, in 2019. Union Pacific Corporation Declares Fourth Quarter 2020 Dividend. This shot was taken about a year or so after the Union Pacific and Southern Pacific merger, which occurred in 1996. Rail News: Union Pacific Railroad . 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