(Adds context, executive comment, details on results) Jan 24 (Reuters) - Union Pacific Corp, one of the biggest U.S. railroads, on Thursday reported a higher-than-expected quarterly profit and said efficiency gains will bolster profits in 2019. Shares in the company, which connects 23 states in the western two-thirds of the United States by rail, jumped…
Posts published in “Day: January 24, 2019”
Rail News Home Mechanical 1/24/2019 Rail News: Mechanical UP set income record, advanced Unified Plan in Q4 By Jeff Stagl, Managing EditorUnion Pacific Corp. today reported record fourth-quarter net income of $1.6 billion and diluted earnings per share of $2.12, up 29 percent and 39 percent, respectively, compared with adjusted results for fourth-quarter 2017.Reported results…
Rail News Home Mechanical 12/10/2018 Rail News: Mechanical Caltrain OKs option for more electric cars, adopts fare policy A rendering of the electric cars. Photo – Caltrain Caltrain’s board late last week unanimously approved the purchase of additional electric train cars to help address increasing ridership on the commuter-rail system.Using funds from the California State…
Rail News Home Mechanical 11/13/2018 Rail News: Mechanical KCS locomotive sports patriotic paint scheme to honor vets The 2005 EMD SD70ACE locomotive is maintained at a Louisiana shop. Photo – KCS Kansas City Southern officials yesterday unveiled a locomotive with a patriotic paint scheme.The scheme demonstrates the company's pride in past and present U.S. military…
Rail News Home Mechanical 12/12/2018 Rail News: Mechanical Rail supplier news from GE, Pandrol, Michael Baker, Urban Engineers, HNTB and NRC (Dec. 12) Shown: Pandrol clips being installed with the CD400 Clip Driver. Photo – Pandrol GE Transportation on Dec. 6 marked the 20th anniversary of its Global Performance Optimization Center, which maintains and manages…