Union Pacific Railroad

Union Pacific Honors Companies for Safe Chemical Transportation

Retrieved on:

Mardi, avril 30, 2024

Rail, Chemicals, Plastics, Transport, Logistics, Supply Chain Management, Manufacturing, Other Transport, Union Pacific Railroad, Environment, Marketing, Rail transport

Union Pacific Railroad today announced that 137 companies are winners of the 2023 Pinnacle Award for their dedication and commitment to safely transporting chemicals by rail.

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Union Pacific Railroad today announced that 137 companies are winners of the 2023 Pinnacle Award for their dedication and commitment to safely transporting chemicals by rail.
The annual award honors customers who implement release prevention protocols, corrective action plans and have zero non-accident releases of regulated hazardous materials shipments.
“Our customers share our commitment to the safe transportation of chemicals, and we have a collaborative goal of protecting the environment and communities along our rail network.”
Union Pacific shares the same target as these companies to deliver every tank car safely.
Hazmat teams are located regionally across Union Pacific’s network with a four-prong mission: Prevention, Preparedness, Response and Recovery.

Union Pacific Highlights Commitment to Safety, Community and Sustainability in 2023 Building America Report

Retrieved on:

Lundi, avril 29, 2024

Union Pacific Railroad today released its annual Building America Report, highlighting progress on key goals, including safety and sustainability, as well as the development and testing of a new cutting-edge hybrid battery-electric locomotive.

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Union Pacific Railroad today released its annual Building America Report, highlighting progress on key goals, including safety and sustainability, as well as the development and testing of a new cutting-edge hybrid battery-electric locomotive.
A key highlight in the report was Union Pacific’s partnership with ZTR, a leading rail technology company, to design and build hybrid-electric locomotives.
Union Pacific also improved on key safety metrics in 2023, underscoring its comprehensive and enhanced approach to safety.
Now fully comprehensive, the Building America Report will be released biennially, with a separate data supplement published annually.

Tivoli Midstream Acquires Strategic Texas Gulf Coast Terminal Assets

Retrieved on:

Lundi, avril 29, 2024

Energy, Transport, Logistics, Supply Chain Management, Oil, Gas, L.L.C, Intrepid, Investment management, Chocolate Bayou, Texas, Partnership, Acquisition, Union Pacific Railroad, Organization, Asset management

Tivoli Midstream LLC (“Tivoli”), today announced the closing of an acquisition of strategic terminal and infrastructure assets located in the Gulf Coast of Texas in Brazoria County (the “Chocolate Bayou Assets”) from affiliates of Ascend Performance Materials, LLC (“Ascend”).

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Tivoli Midstream LLC (“Tivoli”), today announced the closing of an acquisition of strategic terminal and infrastructure assets located in the Gulf Coast of Texas in Brazoria County (the “Chocolate Bayou Assets”) from affiliates of Ascend Performance Materials, LLC (“Ascend”).
Tivoli is led by industry veterans with over 70 years of combined experience leading midstream and infrastructure organizations globally, including considerable experience in the Gulf Coast.
“With our acquisition of the Chocolate Bayou Assets, we are excited to create a leading Gulf Coast infrastructure hub,” said Rance Fromme, President of Tivoli.
“We have significant history operating in the Gulf Coast and have long been impressed by the quality, scale, and diversity of the Chocolate Bayou Assets.

Union Pacific Reports First Quarter 2024 Results

Retrieved on:

Jeudi, avril 25, 2024

Rail, Transport, Logistics, Supply Chain Management, Other Transport, Core, Personal injury, Coal, Union Pacific Railroad, Union Pacific Corporation, UNP, Safety

Union Pacific Corporation (NYSE: UNP) today reported 2024 first quarter net income of $1.6 billion, or $2.69 per diluted share.

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Union Pacific Corporation (NYSE: UNP) today reported 2024 first quarter net income of $1.6 billion, or $2.69 per diluted share.
This compares to 2023 first quarter net income of $1.6 billion, or $2.67 per diluted share.
“Our team delivered strong financial results in the first quarter as we navigated a challenging freight market and normal winter conditions,” said Jim Vena, Union Pacific Chief Executive Officer.
Lower fuel prices during the quarter negatively impacted the operating ratio 60 basis points.

Ancora Sends Important Letter to Fellow Shareholders About Our Collective Opportunity to Transform and Turn Around Norfolk Southern

Retrieved on:

Lundi, avril 22, 2024

Norfolk Southern touts a cherrypicked five-year shareholder return metric with start and end dates disconnected from the Board’s relevant decision points.

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Norfolk Southern touts a cherrypicked five-year shareholder return metric with start and end dates disconnected from the Board’s relevant decision points.
As of December 31, 2023, the gross book value of locomotives at Norfolk Southern was ~19% greater than at CSX.
Independent of amortization schedules, CSX saw a substantial reduction in locomotive book value, while Norfolk Southern saw a substantial increase.
The aforementioned factors combined should enable a best-in-class fuel efficiency opportunity at Norfolk Southern.

Stonepeak Completes Acquisition of 1.7 Million Square Foot Rail-Served Logistics Portfolio in Chicago

Retrieved on:

Jeudi, avril 18, 2024

Commercial Building & Real Estate, Construction & Property, Rail, Finance, Transport, Professional Services, Logistics, Supply Chain Management, Asset Management, Retail, Real estate, CenterPoint Properties, Simpson Thacher & Bartlett, Senior, BNSF, Union Pacific Railroad, Port

Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced that it has acquired a three asset, 1.7 million square foot rail-served logistics portfolio in Chicago, Illinois from CenterPoint Properties.

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Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced that it has acquired a three asset, 1.7 million square foot rail-served logistics portfolio in Chicago, Illinois from CenterPoint Properties.
All six Class I railroads converge in Chicago, with 25% of U.S. freight trains and half of all intermodal trains passing through.
Due to its central location, Chicago is a strategic transportation hub with a one-day delivery window to nearly 55 million U.S. households.
Most recently, in October 2023, Stonepeak sold the Omni Industrial Campus, a 1.3 million square foot logistics portfolio strategically located near the Port of Charleston in South Carolina.

Union Pacific’s Famed ‘Big Boy No. 4014’ Preparing for Westward Summer Tour

Retrieved on:

Mercredi, avril 10, 2024

Rail, Transport, Logistics, Supply Chain Management, Other Transport, Big Boy, Union Pacific Railroad, Rail transport by country, Map, Safety, History, Travel, Rail transport

4014, the world’s largest steam locomotive, will return to the rails this summer with a scenic tour across mountain ranges and high desert vistas in four western states: Wyoming, Utah, Nevada and California.

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4014, the world’s largest steam locomotive, will return to the rails this summer with a scenic tour across mountain ranges and high desert vistas in four western states: Wyoming, Utah, Nevada and California.
The monthlong “Big Boy Westward Bound” tour, which starts June 30, will honor Union Pacific’s rich railroad legacy and celebrate the railroad’s employees and communities it serves.
“The Big Boy locomotive symbolizes the pivotal role railroads played in shaping our nation’s history, and the technological advances we have witnessed within our industry,” said Union Pacific CEO Jim Vena.
During the tour, the Union Pacific Museum will host a special passenger trip.

STG Logistics and Union Pacific Railroad Extend Long-Running Partnership to Deliver Consumer Goods

Retrieved on:

Mercredi, avril 17, 2024

Union Pacific Railroad, STG, Marketing, Senior, Partnership, Transport, Operation, Carbon, History, Management

CHICAGO, April 17, 2024 /PRNewswire/ -- STG Logistics , a leading provider of transportation and logistics solutions, is pleased to announced an extended, long-term partnership with Union Pacific Railroad .

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CHICAGO, April 17, 2024 /PRNewswire/ -- STG Logistics , a leading provider of transportation and logistics solutions, is pleased to announced an extended, long-term partnership with Union Pacific Railroad .
The agreement builds upon three decades of STG and Union Pacific working together to deliver goods and products to consumers, while ensuring continuity and excellence within the nation's supply chain.
"We are extremely excited about this partnership," said Tyler Holtgreven, Senior Vice President of Operations with STG.
"We are proud of the long and successful history we share with STG Logistics," said Kari Kirchhoefer, Senior Vice President – Marketing and Sales, Union Pacific Railroad.

Savage Tooele Railroad Line in Utah Wins Surface Transportation Board Approval

Retrieved on:

Mercredi, avril 3, 2024

Longevity, STR, STB, Union Pacific Railroad, Environmental impact assessment, Transport, Savage, Surface Transportation Board, Environmental analysis, Rail transport by country, Line, Rehabilitation

SALT LAKE CITY, April 03, 2024 (GLOBE NEWSWIRE) -- The Surface Transportation Board (STB) has granted Savage Tooele Railroad Company (STR) the authority to build and operate approximately 11 miles of rail line in Tooele County, Utah, including the rehabilitation of existing track.

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SALT LAKE CITY, April 03, 2024 (GLOBE NEWSWIRE) -- The Surface Transportation Board (STB) has granted Savage Tooele Railroad Company (STR) the authority to build and operate approximately 11 miles of rail line in Tooele County, Utah, including the rehabilitation of existing track.
The STR rail line will connect to Union Pacific Railroad for tenants of the Lakeview Business Park in Grantsville, Utah, linking supply chains and providing an alternative to truck-only transportation with a more environmentally-friendly option.
STR is one of the only new railroads approved in the U.S. this year and one of the first railroads owned and operated by a Utah-headquartered company in the state’s history.
“I want to congratulate Savage Tooele Railroad on the approval of their Tooele Valley rail project by the Surface Transportation Board,” said Utah Governor Spencer J. Cox.

MMEX Resources Corporation (OTCPK: MMEX), a leading clean energy company, has achieved several new milestones to bring clean hydrogen to the market.

Retrieved on:

Jeudi, mars 14, 2024

Growth, Union Pacific Railroad, Siemens Energy, CO2, Project, Port, Electrolysis, Oil

Fort Stockton, Texas, March 14, 2024 (GLOBE NEWSWIRE) -- MMEX Resources Corporation (OTCPK: MMEX), a development stage clean energy company, has achieved several new milestones in its quest to bring low carbon-intensity hydrogen to the market. The company is advancing the off-takes for its two principal hydrogen projects. In its latest shareholder update, MMEX Resources provides details on its progress in the green and blue hydrogen space and updates on its projects and partnerships.

Key Points:

Fort Stockton, Texas, March 14, 2024 (GLOBE NEWSWIRE) -- MMEX Resources Corporation (OTCPK: MMEX), a development stage clean energy company, has achieved several new milestones in its quest to bring low carbon-intensity hydrogen to the market.
In its latest shareholder update, MMEX Resources provides details on its progress in the green and blue hydrogen space and updates on its projects and partnerships.
To learn more about MMEX Resources' hydrogen projects and its project technology partners, you can access the Projects Summary on the company's website.
MMEX Resources remains committed to bringing clean hydrogen to the market and is excited about the progress it has made so far.