October 2, 1997 |
Abandoning a plan to use a ship to move freight from Los Angeles to the East Coast, Union Pacific Railroad on Wednesday said it will release business to other railroads and take other steps to unclog its congested rail lines. The railroad filed a plan with the Surface Transportation Board spelling out measures to move as many as 40,000 cars off the railroad. "Really what we're talking about here is the railroad equivalent of a traffic jam," said Union Pacific spokesman John Bromley.
September 11, 1997 |
Federal regulators will take the unprecedented step of setting up shop at Union Pacific Railroad headquarters to monitor safety at the nation's largest railroad because of violations found after a string of crashes over the summer that killed seven people. "The size of this railroad calls for different and unique fixes to what we consider serious deficiencies," Federal Railroad Administration spokesman David Bolger said Wednesday.
August 28, 1997 |
Reacting to three freight train crashes that killed seven people in less than two months, federal regulatory officials this week announced an unprecedented, round-the-clock inspection of Union Pacific Railroad. Federal Railroad Administrator Jolene M. Molitoris said a preliminary review of the crashes--two in Texas and one in Kansas--has found evidence of "critical safety deficiencies" at the nation's largest railroad.
July 4, 1996 |
In an era of speedy jet planes and endless superhighways, the chugging locomotive resembles an Industrial Age dinosaur lumbering across the landscape. But the nation's railroads are far from extinct, even after losing much of their business to truckers and other rivals. Trains still carry nearly 40% of the freight that moves between the nation's cities, and in Southern California they are a crucial link between the booming ports and markets to the east.
July 4, 1996 |
Union Pacific Corp.'s historic purchase of Southern Pacific Rail Corp. was approved by the U.S. government Wednesday, clearing the way for a $5.4-billion merger that will create the nation's largest railroad and the dominant rail shipper in California. The deal is the most dramatic example yet of the rail industry's effort to use mergers as the means of reestablishing itself as a leading provider of intercity goods, a role it surrendered decades ago to the trucking industry.
July 3, 1996 |
Backed by officials from California and 20 other states, one of the West's most storied railroad companies, Southern Pacific Rail, hopes federal regulators today will approve its $5.4-billion merger with its onetime archrival, Union Pacific Railroad. The proposed deal, the biggest in transportation history, would create a 37,000-mile rail behemoth linking 25 states, Mexico and Canada.
April 6, 1996 |
Conrail Inc. offered $1.5 billion for some rail lines owned by Southern Pacific Rail Corp. before joining opponents of Southern Pacific's plan to be acquired by Union Pacific Corp. Conrail said it bid for San Francisco-based Southern Pacific's eastern lines in September. The offer was rejected but remains on the table, Conrail said in a filing with the Surface Transportation Board last week. The offer was made to Bethlehem, Pa.-based Union Pacific, which has agreed to pay $3.