August 8, 1998 |
Union Pacific Corp. is experiencing new railroad delays in Southern California, heightening fears among shippers that the railroad is still suffering the effects of the worst freight logjam in recent history. In a letter to customers, the nation's largest railroad acknowledged it was experiencing problems at the Los Angeles and Long Beach ports--the nation's two busiest ports--and on a major line from California to El Paso, Texas.
March 5, 1991 |
Birtcher, a big developer based here, said Monday that it is expanding its business in the Seattle area with the $16.5-million purchase of about 230 acres and several buildings from a Union Pacific Railroad subsidiary. Birtcher said it will construct about $200 million worth of factories and warehouses for sale and lease on the land, which is in the cities of Kent and Sumner, south of Seattle.
August 1, 1998 |
A national shipping crisis arising from massive congestion on the Union Pacific railroad system has eased enough that the freight carrier no longer needs intense federal oversight, regulators said Friday. But Union Pacific itself said the problems--which included severe delays at Southern California's seaports and at Union Pacific's big switching yard in Colton--are by no means fixed, and that the job of restoring service to normal levels "is far from finished."
February 27, 1998 |
Union Pacific Corp., parent of the nation's largest railroad, warned Thursday of likely first-quarter losses because of nationwide rail service troubles and the need to spend hundreds of millions of dollars to upgrade its system. Analysts expressed surprise because the company said just last month that it was profitable. The nation's largest railroad said the outlook had changed in recent weeks because its strategy of running trains in a single direction on one track isn't working.
CALIFORNIA | LOCAL
April 10, 1985 |
Frank Barnett, former chairman and chief executive officer of Union Pacific Corp., has died at a Manhattan hospital after a heart attack, the company announced. Barnett, 72, a key figure in the reorganization in 1973 of six bankrupt Northeastern railroads into Conrail, died at St. Luke's Hospital Thursday, a spokeswoman said. Barnett joined Union Pacific in 1951 as a lawyer and became chief executive officer and chairman of the executive committee in 1967.