Union Pacific says it will stop imposing temporary limits on certain businesses' shipments while it reviews the policy that federal regulators and shippers criticized at a hearing last week.
Union Pacific has put more than 1,000 of these embargoes in place this year — significantly more than all the other major freight railroads combined — as part of its effort to clear up congestion along the railroad. CEO Lance Fritz said a brief letter to the U.S. Surface Transportation Board Friday that UP will put all new embargoes on hold.
