Union Pacific profits improve despite drop in coal traffic
by TrainsMag.com
TrainsMag.com— OMAHA Neb. — Union Pacific’s first-quarter profits rose despite flat revenue and lower freight volume. “We are pleased to be able to report earnings growth in a tough environment,” CEO Jim Vena told investors and analysts on the railroad’s earnings call this morning. Operating income rose 3%, to $2.3 billion, on flat revenue of $6 []Read More
KGW—Union Pacific freight train derails on Steel Bridge in Portland; bridge closed to all traffic. PORTLAND, Oregon — A freight train has derailed on the lower deck of the Steel Bridge in Portland, according to Portland Fire & Rescue...
TrainsMag.com—Union Pacific train derails in West Texas. PYOTE, Texas — About 20 cars of a Union Pacific intermodal train derailed today (May 1) near the West Texas community of Pyote, KMID/KPED-TV reports. The Ward County Sheriff’s Office reported it responded about 3 p.m. to a report of a derailment adjacent to Interstate 20. No injuries were reported and no hazardous materials have []Read More
BBC—Lloyds profits drop 28% after bumper 2023. Lloyds Banking Group has announced its profits plunged by 28% in the first three months of this year. The bank posted profits of £1.6bn for...