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Benzinga

Business

Akanksha Bakshi

Union Pacific Joins RailPulse Coalition - Read What's The Benefit

NYSE UNP Union Pacific Corp GPS North America

Union Pacific Corp (NYSE:UNP) has joined the RailPulse coalition and its effort to develop, broaden and accelerate the use of GPS and other telematics technologies in North America's freight rail industry.
RailPulse was formed in 2020 as a coalition of railcar owners working together to increase safety, efficiency, and visibility in the rail industry.
RailPulse already has six members, including GATX Corp (NYSE:GATX), Genesee & Wyoming, Norfolk Southern Corp (NYSE:NSC), TrinityRail, Watco, and Greenbrier Companies Inc (NYSE:GBX).
RailPulse is on track to meet its initial milestone for platform introduction in early 2023.
Price Action: UNP shares are trading higher by 1.03% at $227.50 on the last check Tuesday.

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