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Jim Vena - 3 haven’t - 1 ” - 1 Andy Foust - 1 Warren Flatau - 1 Pete Buttigieg - 1 — - 1 Foust - 1
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Search resuls for: "Union Pacific CEO"


14 mentions found


☆ Railyard Explosion, Inspections Raise Safety Questions About Union Pacific's Hazmat Shipping
  + stars: | 2023-11-24 | by ( Associated Press | Nov. | At A.M. | ) www.usnews.com   time to read: +7 min
As the Nebraska explosion made clear, there can be problems that are hard to spot before potentially disastrous accidents occur. Some details about the explosion might never be known because the shipping container carrying the acid was destroyed. Union Pacific CEO Jim Vena said he understands and welcomes the agency's scrutiny. Vena said Union Pacific and other major railroads have become safer over time. “And that’s what I’m challenging the team with here at Union Pacific is we have to get better ... We’ll invest in it.
Persons: haven’t, ”, Andy Foust, Warren Flatau, Pete Buttigieg, —, Foust, “, hasn’t, Dennis Thompson, Thompson, Jim Vena, Vena, We’ll, Charlie King Organizations: —, Union Pacific, Federal Railroad Administration, . Transportation, Rail, Transportation Workers, Transportation Division, . Railroad, Materials Safety Administration, Norfolk Southern, Platte Fire, Pacific, of Railroad Infrastructure Locations: OMAHA, Neb, Nebraska, North Platte , Nebraska, Omaha, Norfolk, Ohio, railyard, Palestine
☆ Union Pacific shares spike following CEO succession announcement
  + stars: | 2023-07-26 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUnion Pacific shares spike following CEO succession announcementLance Fritz, outgoing CEO at Union Pacific, joins 'Squawk on the Street' to discuss Union Pacific's Q2 revenue miss, Jim Vena taking over as Union Pacific CEO, and plans for the CEO transition.
Persons: Lance Fritz, Jim Vena Organizations: Email Union Pacific, Union Pacific, Union, Union Pacific CEO
☆ Watch CNBC's full interview with Union Pacific's outgoing CEO Lance Fritz
  + stars: | 2023-07-26 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Union Pacific's outgoing CEO Lance FritzLance Fritz, outgoing CEO at Union Pacific, joins 'Squawk on the Street' to discuss Union Pacific's Q2 revenue miss, Jim Vena taking over as Union Pacific CEO, and plans for the CEO transition.
Persons: Lance Fritz Lance Fritz, Jim Vena Organizations: Union, Union Pacific, Union Pacific CEO
☆ Union Pacific CEO to leave after push from activist shareholder
  + stars: | 2023-02-27 | by ( Chris Isidore | ) edition.cnn.com   time to read: +4 min
New York CNN —Union Pacific shares jumped 10% in premarket trading Monday after the railroad company announced CEO Lance Fritz will leave the company by year-end, following a call by an activist hedge fund for his ouster. Union Pacific just reported a record profit for the second straight year. And it said that the Surface Transportation Board, one of the regulators of freight railroads, ranked Union Pacific as providing the worst service among the major railroads. Union Pacific last year earned a net income of $7 billion, up about $500 million, or 7%, from the previous record profit it posted for 2021. Total employee compensation for the year came to $4.6 billion, far less than the $6.3 billion that Union Pacific spent repurchasing shares of stock in the period.
☆ Union Pacific CEO to step down as hedge fund presses for change
  + stars: | 2023-02-26 | by ( ) www.reuters.com   time to read: +1 min
Feb 26 (Reuters) - U.S. railroad Union Pacific (UNP.N) on Sunday said it expects to name a successor to assume the position of chief executive officer replacing Lance Fritz in 2023. "Union Pacific has been my home for 22 years and I am confident that now is the right time for Union Pacific’s next leader to take the helm. The announcement comes after U.S. hedge fund Soroban Capital Partners in a letter on Sunday called for Fritz to be replaced. Union Pacific in a statement said as part of the board's succession planning process it has considered shareholder input and will continue to do so, adding it has been actively engaging with Soroban Capital since 2017. Reporting by Rhea Binoy and Kanjyik Ghosh in Bengaluru Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.
☆ Hedge Fund Seeks Ouster of Union Pacific CEO
  + stars: | 2023-02-26 | by ( Juliet Chung | Lauren Thomas | ) www.wsj.com   time to read: 1 min
Union Pacific’s fourth-quarter profit and revenue fell short of Wall Street’s expectations. Hedge fund Soroban Capital Partners is pushing Union Pacific Corp. to replace Chief Executive Lance Fritz , arguing the railroad has underperformed on his watch, according to people familiar with the matter. Soroban is a longtime Union Pacific investor, one of the company’s biggest shareholders with a 1%-plus stake valued at about $1.6 billion, the people said.
☆ Port of New York shatters trade record, but latest shipping data hints at California comeback
  + stars: | 2023-01-25 | by ( Lori Ann Larocco | ) www.cnbc.com   time to read: +3 min
Containers sit at the GCT New York container terminal on Staten Island on October 20, 2022, in New York City. The Port of Long Beach moved 9.13 million TEUs last year. "These 9.5 million TEUs is more than 27% of 2019 levels," said Bethann Rooney, port director of the Port of New York and New Jersey. "This is not sustainable if we are going to handle 14 million TEUs in the not too distant future," she said. If they have stability on the West Coast, it doesn't really make sense to spend the extra two weeks crossing to go to the East Coast.
☆ Union Pacific CEO breaks down fourth-quarter earnings and railroad outlook
  + stars: | 2023-01-24 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUnion Pacific CEO breaks down fourth-quarter earnings and railroad outlookLance Fritz, Union Pacific CEO on company joins 'Squawk on the Street' to break down the company's Q4 earnings results.
☆ Union Pacific pauses use of controversial freight rail embargoes
  + stars: | 2022-12-16 | by ( Lori Ann Larocco | ) www.cnbc.com   time to read: +3 min
In a letter addressed to STB chairman Martin Oberman and sent to the STB on Friday by Fritz, the Union Pacific CEO stated, "We are taking a hard look at our use of congestion-related embargoes. Union Pacific carries nearly 27% of freight served by rail and nearly 11% of all long-distance freight volume. Unions have said that even as major freight rail companies add workers, the data supplied to STB on hiring is masking a longer-term trend of labor attrition. According to a Union Pacific spokesperson, total craft hiring was 27,753 in October 2022 compared to 32,315 in October 2019. Union membership data shows employment on all of the Class I rails, including Union Pacific, is down from just before the start of the pandemic and even down between October 2021 and October 2022.
☆ The U.S. economy is clearly slowing, says Union Pacific CEO Lance Fritz
  + stars: | 2022-12-06 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe U.S. economy is clearly slowing, says Union Pacific CEO Lance FritzUnion Pacific CEO Lance Fritz joins 'Squawk Box' to weigh in on the state of the supply chain and provides an outlook for the U.S. economy.
☆ Union Pacific CEO called to hearing in Washington as risk of rail strike rises
  + stars: | 2022-11-22 | by ( Lori Ann Larocco | ) www.cnbc.com   time to read: +3 min
The Surface and Transportation Board is calling Union Pacific management including CEO Lance Fritz to appear at hearings December 13-14 about the freight railroad's use of embargoes. UP carries nearly 27 percent of freight served by rail and nearly 11 percent of all long-distance freight volume. The risk of a nationwide freight rail strike in December has been rising. We have quality of life issues," said Jeremy Ferguson, president of SMART-TD, which on Monday voted to reject the labor deal, with a rail strike now potentially starting as soon as Dec. 9. Ferguson, similar to fellow union president Dennis Pierce of BLET, referenced a recent CNBC interview with Fritz, during which the Union Pacific CEO laughed when asked about the risk of a rail strike.
☆ Key freight rail union BMWED extends deadline for strike that threatens U.S. economy
  + stars: | 2022-11-09 | by ( Lori Ann Larocco | ) www.cnbc.com   time to read: +5 min
The Brotherhood of Maintenance of Way Employees Division, the third largest rail union in the country, is extending its status quo period (no strike, no lockout) during which it wants to continue negotiations with the freight rail carriers. Meanwhile, two major rail unions are set to vote on ratifying the deal on Nov. 21: The Brotherhood of Locomotive Engineers and Trainmen, and the Smart Transportation Division. The rail industry has previously estimated the cost to the economy of a rail strike at $2 billion per day. The BMWED was the first rail union to vote against ratification of a labor agreement negotiated in conjunction with Biden's PEB. All 12 labor unions must ratify a labor agreement to avoid the potential for a nationwide rail shutdown.
☆ Rail strike is possible, but 'not probable': Union Pacific CEO
  + stars: | 2022-10-21 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRail strike is possible, but 'not probable': Union Pacific CEOUnion Pacific CEO Lance Fritz says while the rails have 'some negotiating to do,' he thinks a threatened rail strike will be avoided before a Nov. 19 deadline.
☆ Union Pacific CEO Lance Fritz discusses recent earnings and supply chain outlook
  + stars: | 2022-10-20 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUnion Pacific CEO Lance Fritz discusses recent earnings and supply chain outlookUnion Pacific CEO Lance Fritz joins 'Squawk on the Street' to discuss demand shift related to the floods in the Mississippi River, the labor negotiations underway in the company, and consumer slowdown impacting growth prospects for the fourth quarter.
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