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The Latest Breaking News from Lance Fritz

Unions say rails should forgo buybacks and spend on safety

Rail unions want railroads to take some of the billions they’re using every year to buy back their stock and use it to improve safety in the wake of several high-profile derailments and hire more workers

The Independent UK

Stock Market Testing Intraday Lows; IPO Mobileye Rebounds From Sell-Off

Autonomous driving technology developer Mobileye Global rebounds after Friday's big sell-off.

Investors Business Daily

Union Pacific Stock 'Potential To Double' After CEO Ousted; Railroad Stocks Steady After Ohio Disaster

Union Pacific stock could double with a new CEO. Meanwhile, railroad stocks keep losses to a minimum despite Ohio disaster.

Investors Business Daily

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Union Pacific will replace rail CEO amid hedge fund pressure

Union Pacific has announced plans to replace its CEO later this year after a hedge fund that holds a $1.6 billion stake in the railroad went public with its concerns about his leadership

The Independent UK

Amid gains, railroaders seeking quality-of-life improvements

The contract imposed on railroad workers last fall didn't resolve their quality-of-life issues, but there are indications the major freight railroads might start to address some of their concerns about demanding schedules and the lack of paid sick time

The Independent UK

Union Pacific railroad shipping limits generate complaints

Federal regulators and shippers are questioning Union Pacific’s decision to temporarily limit some businesses’ shipments as part of its effort to clear up congestion across the railroad

The Independent UK

Railroad worker negotiations head off the rails over paid sick leave

The White House-brokered deal wasn't the end of it. The parties are still haggling, and sick leave is a major issue

Axios

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Railroads reject sick time demands, raising chance of strike

The major freight railroads appear unwilling to give track maintenance workers much more than they received in the initial contract they rejected last week, increasing the chances of a strike

The Independent UK

Union Pacific Registers 12% Revenue Growth In Q4, Beats Street View

Union Pacific Corp (NYSE:UNP) reported fourth-quarter operating revenue growth of 12% year-over-year to $5.73 billion, above the consensus of $5.62 billion. EPS of $2.66 topped the Street view of $2.61. The revenue increase was driven by higher fuel surcharge revenue, a positive business mix, and core pricing gains, partially offset by lower volumes.…

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