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The Latest Breaking News from Union Pacific

Rail unions look to next contract talks as Biden signs agreement - Roll Call

As President Biden signed a resolution imposing a rail labor contract agreement Friday, unions were strategizing for the next contract.

Roll Call

Michael Hiltzik: Greedy railroads are to blame for rail strike threat. Why should Congress help them?

The prevailing take on the looming national rail crisis is that a few recalcitrant railroad unions are poised go on strike Dec. 9, provoking an industrywide labor walkout that would inflict a "crippling" blow to the U.S. economy.

Los Angeles Times

Railroad unions decry Biden's plan to block possible strike

President Joe Biden’s call for Congress to intervene in the railroad contract dispute undercuts efforts to address workers’ quality of life concerns and unions decried the move

The Independent UK

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Fencing rings that netted $18 million in LA railroad thefts are taken down, authorities say

LOS ANGELES — Two theft rings that netted more than $18 million worth of merchandise stolen from railroad cars have been dismantled, authorities said Thursday, months after images of a sea of discarded containers along Union Pacific tracks in Lincoln Heights drew national attention.

Los Angeles Times

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Benzinga

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

What Are Whales Doing With Union Pacific

Someone with a lot of money to spend has taken a bearish stance on Union Pacific (NYSE:UNP). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga

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Christian Menefee Aims to Bring Polluters to Justice

The youngest-ever Harris County attorney is making the environment top priority. Next target: creosote contamination in Houston's Fifth Ward.

Texas Observer

After cancer-causing chemicals were found in Fifth Ward soil, Houston mayor says cleanup plans are inadequate

The city’s health department found dioxins in soil samples along the fence line of a Union Pacific rail yard. Mayor Sylvester Turner said during the 2022 Texas Tribune Festival that plans to clean up the contamination should now include relocating residents.

The Texas Tribune

Strikes are coming: It will get ugly

Biden thinks he has averted a rail strike — for now. But the elites can't crush massive discontent forever

Salon

Check Out What Whales Are Doing With UNP

Benzinga

Rail Strike, 'Significant Damage' To Economy Derailed, Biden Announces

A rail strike which could have brought key shipments to a standstill, straining the high-inflation economy, seems to have been averted.

Investors Business Daily

Rail workers win key concessions in deal to prevent strike

Railroad workers secured a deal that will deliver 24% raises and $5,000 bonuses over five years, but it will also address some of their concerns about strict attendance rules and time off

The Independent UK

Asian shares mixed after wobbly gains on Wall St

Asian shares are mixed after modest gains on Wall Street

The Independent UK

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Benzinga

Bernstein Downgrades CSX, Union Pacific As Amtrak Cancels Trains And Railroad Strike Looms

U.S. railroad companies could be just days away from a major strike that could cost the U.S. economy more than $2 billion per day. Strike or no strike, one analyst said Wednesday that railroad stocks have limited upside from current levels in a challenging environment.

The Street

Trading Railroad Stocks Amid the Potential Rail Strike

Railroad stocks are under pressure due to new worries over the threatened rail strike. Here's how to trade Union Pacific and CSX stock.

Investors Business Daily

Rail Strike Could Start Friday, Just What The High-Inflation, Low-Growth Economy Doesn't Need

A rail workers strike could start Friday, bringing key shipments to a standstill, straining a low-growth, high-inflation economy.

The Guardian - US

US railroad workers prepare for strike as rail companies see record profits

As rail companies see record profits and Biden’s recommendations fall flat, unions call for improved rules – or else

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The Street

A Potential Railway Strike Is Already Slamming the Economy

Just the potential of a nationwide railway strike is already hurting the economy as railways pause shipments of hazardous and security-sensitive materials.

Benzinga

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The Independent UK

Disqualified for disabilities, railroad workers fight back

Union Pacific has already lost three lawsuits over the way it removes employees with health conditions because of safety concerns, and the prospect of hundreds more lawsuits looms over the railroad

The Independent UK

Union Pacific to spend $1B to upgrade 600 older locomotives

Union Pacific will spend more than $1 billion to upgrade 600 of its old diesel locomotives over the next three years and make them more efficient

Benzinga

What Are Whales Doing With Union Pacific

Benzinga

This Is What Whales Are Betting On Union Pacific

A whale with a lot of money to spend has taken a noticeably bullish stance on Union Pacific. Looking at options history for Union Pacific (NYSE:UNP) we detected 10 strange trades.

Tribune News Service

Biden stops national railroad strike, extends ‘cooling off’ period

President Joe Biden blocked a strike Friday by the nation’s railroad workers by naming a board to help resolve the dispute.

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