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ISIN: US9078181081 · WKN: 858144 · Symbol: UNP
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| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 1,0100 | +304,00 | |
| 0,7200 | +56,42 | |
| 45,84 | +39,37 | |
| 0,5643 | +30,75 | |
| 0,7620 | +27,00 |
| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 10,900 | -11,45 | |
| 0,7350 | -14,53 | |
| 1,7901 | -16,35 | |
| 400,00 | -21,57 | |
| 8,2702 | -49,26 |
Feedback
Investment Story
RailAmerica, Inc. (NYSE: RRA), the world’s largest short line and regional railroad operator, owns 49 short line and regional railroads operating approximately 12,900 route miles in the United States, Canada, Australia and Chile. In North America, the Company’s railroads operate in 26 states, five Canadian provinces and the Northwest Territories. Internationally, the Company operates an additional 4,300 route miles under track access arrangements in Australia and Argentina. In July 2001, RailAmerica was named to the Russell 2000 ® Index.
By offering an innovative approach to rail services, RailAmerica has established itself as a leader in the dynamic and growing short line and regional freight transportation industry. Key to its ongoing profitability and expansion is its ability to grow on a “same railroad” basis by providing safe, efficient rail transportation services at a lower cost than its competitors.
In February 2003, RailAmerica, as part of its long-term strategy to reduce debt, improve margins and enhance earnings, announced its plan to sell more than $100 million in non-strategic/non-core/non-operating assets by year-end 2004. RailAmerica`s goal is to reduce net debt-to-capital levels to the current railroad industry average of approximately 50% by year-end 2004. As of December 31, 2002, the Company`s net debt-to-capital ratio was 64%. RailAmerica`s emphasis on growing internally, coupled with its balance sheet deleveraging, should enable it to generate additional positive cash flow for reinvestment in its business.
RailAmerica plans to continue to acquire short line and regional railroads in North America from Class I railroads and from other short line railroad operators, as well as internationally as foreign governments look to privatize their rail systems. The Company has developed a disciplined acquisition evaluation program that seeks and identifies rail properties that meet stringent operating criteria and, more importantly, can be acquired on attractive terms.
RailAmerica, Inc. (NYSE: RRA), the world’s largest short line and regional railroad operator, owns 49 short line and regional railroads operating approximately 12,900 route miles in the United States, Canada, Australia and Chile. In North America, the Company’s railroads operate in 26 states, five Canadian provinces and the Northwest Territories. Internationally, the Company operates an additional 4,300 route miles under track access arrangements in Australia and Argentina. In July 2001, RailAmerica was named to the Russell 2000 ® Index.
By offering an innovative approach to rail services, RailAmerica has established itself as a leader in the dynamic and growing short line and regional freight transportation industry. Key to its ongoing profitability and expansion is its ability to grow on a “same railroad” basis by providing safe, efficient rail transportation services at a lower cost than its competitors.
In February 2003, RailAmerica, as part of its long-term strategy to reduce debt, improve margins and enhance earnings, announced its plan to sell more than $100 million in non-strategic/non-core/non-operating assets by year-end 2004. RailAmerica`s goal is to reduce net debt-to-capital levels to the current railroad industry average of approximately 50% by year-end 2004. As of December 31, 2002, the Company`s net debt-to-capital ratio was 64%. RailAmerica`s emphasis on growing internally, coupled with its balance sheet deleveraging, should enable it to generate additional positive cash flow for reinvestment in its business.
RailAmerica plans to continue to acquire short line and regional railroads in North America from Class I railroads and from other short line railroad operators, as well as internationally as foreign governments look to privatize their rail systems. The Company has developed a disciplined acquisition evaluation program that seeks and identifies rail properties that meet stringent operating criteria and, more importantly, can be acquired on attractive terms.
Union Pacific Work Force Changing Direction, Makeup
Jul 07, 2003 (Omaha World-Herald - Knight Ridder/Tribune Business News via
COMTEX) -- When Roderick Riley was mulling a Union Pacific job offer, the
Houston resident took a look at the railroad`s demographics.
Aging. Overwhelmingly white. Mostly male.
Rather than being turned off by the lack of diversity, Riley, who is black, was
attracted by the potential.
The age gap "does create an opportunity for me to get in and move up," said
Riley, who holds a mechanical engineering degree and a master`s in business
administration.
Last summer, he took a job as a senior project manager in finance and moved his
family to Omaha. When his wife, Alecia Grant-Riley, was ready to go back to
work, U.P. hired her, too.
The native Jamaican, who holds bachelor`s and master`s degrees in mechanical
engineering, now is a manager in the car group.
The 140-year-old Union Pacific stands at the brink of change. Nearly 50 percent
of its workers could retire within 10 years, and 75 percent are over 40. The
work force, including union and nonunion, also is about 95 percent male and more
than 75 percent white.
As older workers retire and are replaced by a younger, more diverse work force,
the company will evolve as well, changing the face of this Omaha institution.
New workers won`t arrive to find an outdated or poorly run railroad, said
Barbara Schaefer, senior vice president of human resources.
"We`re very much a vibrant 21st century company, and I think people will
recognize that."
Jim Dolan, the railroad`s vice chairman, is among those approaching retirement.
He plans to leave in just under a year and is certain he will leave a company
"as fine as you`re going to get" and one that has made huge technological gains
in the last two decades.
Jul 07, 2003 (Omaha World-Herald - Knight Ridder/Tribune Business News via
COMTEX) -- When Roderick Riley was mulling a Union Pacific job offer, the
Houston resident took a look at the railroad`s demographics.
Aging. Overwhelmingly white. Mostly male.
Rather than being turned off by the lack of diversity, Riley, who is black, was
attracted by the potential.
The age gap "does create an opportunity for me to get in and move up," said
Riley, who holds a mechanical engineering degree and a master`s in business
administration.
Last summer, he took a job as a senior project manager in finance and moved his
family to Omaha. When his wife, Alecia Grant-Riley, was ready to go back to
work, U.P. hired her, too.
The native Jamaican, who holds bachelor`s and master`s degrees in mechanical
engineering, now is a manager in the car group.
The 140-year-old Union Pacific stands at the brink of change. Nearly 50 percent
of its workers could retire within 10 years, and 75 percent are over 40. The
work force, including union and nonunion, also is about 95 percent male and more
than 75 percent white.
As older workers retire and are replaced by a younger, more diverse work force,
the company will evolve as well, changing the face of this Omaha institution.
New workers won`t arrive to find an outdated or poorly run railroad, said
Barbara Schaefer, senior vice president of human resources.
"We`re very much a vibrant 21st century company, and I think people will
recognize that."
Jim Dolan, the railroad`s vice chairman, is among those approaching retirement.
He plans to leave in just under a year and is certain he will leave a company
"as fine as you`re going to get" and one that has made huge technological gains
in the last two decades.
Omaha, Neb., Utility Switches Coal Supply Contract to Union Pacific
Jul 16, 2003 (Omaha World-Herald - Knight Ridder/Tribune Business News via
COMTEX) -- In a significant decision in terms of fuel and expense, the Omaha
Public Power District is planning to switch rail and coal companies for its next
five-year contract.
In January, for the first time since 1984, Union Pacific Railroad is expected to
haul coal to OPPD`s power plants. Bids analyzed recently indicate that a
coal-rail package using Union Pacific is about 6 percent lower, or $15 million
less, than one using the Burlington Northern and Santa Fe Railway.
Jul 16, 2003 (Omaha World-Herald - Knight Ridder/Tribune Business News via
COMTEX) -- In a significant decision in terms of fuel and expense, the Omaha
Public Power District is planning to switch rail and coal companies for its next
five-year contract.
In January, for the first time since 1984, Union Pacific Railroad is expected to
haul coal to OPPD`s power plants. Bids analyzed recently indicate that a
coal-rail package using Union Pacific is about 6 percent lower, or $15 million
less, than one using the Burlington Northern and Santa Fe Railway.
hier hab ich anscheinend zwei Eisenbahnunternehmen verwechelt!
Railamerica ist nicht die Union Pacific
....
lest aber sowieso keiner...
Railamerica ist nicht die Union Pacific
....
lest aber sowieso keiner...
Trading Spotlight
Doch, doch.
Manche lesen es.
Die meisten kaufen aber lieber Sachen wie "isteelasia" oder sowas.
Gut so.
P.S. Burlington Santa Fe ist sehr interessant.
Manche lesen es.
Die meisten kaufen aber lieber Sachen wie "isteelasia" oder sowas.
Gut so.
P.S. Burlington Santa Fe ist sehr interessant.
huch ...
da ist ja doch wer...
leider war ich jetzt ein paar Tage geschäftlich weg...
...
hier das "allerletzte"
Union Pacific Corporation Declares Quarterly Dividend of 23 Cents a Share
OMAHA, Neb., Jul 31, 2003 /PRNewswire-FirstCall via COMTEX/ -- The Board of
Directors of Union Pacific Corporation (NYSE: UNP) has declared a quarterly
dividend of 23 cents per share on its common stock, payable October 1, 2003, to
stockholders of record September 10, 2003.
Union Pacific Corporation is one of America`s leading transportation companies.
Its principal operating company, Union Pacific Railroad, is the largest railroad
in North America, covering 23 states across the western two-thirds of the United
States. A strong focus on quality and a strategically advantageous route
structure enable the company to serve customers in critical and fast growing
markets. It is a leading carrier of low-sulfur coal used in electrical power
generation and has broad coverage of the large chemical-producing areas along
the Gulf Coast. With competitive long-haul routes between all major West Coast
ports and eastern gateways, and as the only railroad to serve all six gateways
to Mexico, Union Pacific has the premier rail franchise in North America. The
Corporation`s trucking operations include Overnite Corporation, which owns
less-than-truckload carriers Overnite Transportation and Motor Cargo.
SOURCE Union Pacific Corporation
da ist ja doch wer...
leider war ich jetzt ein paar Tage geschäftlich weg...
...
hier das "allerletzte"
Union Pacific Corporation Declares Quarterly Dividend of 23 Cents a Share
OMAHA, Neb., Jul 31, 2003 /PRNewswire-FirstCall via COMTEX/ -- The Board of
Directors of Union Pacific Corporation (NYSE: UNP) has declared a quarterly
dividend of 23 cents per share on its common stock, payable October 1, 2003, to
stockholders of record September 10, 2003.
Union Pacific Corporation is one of America`s leading transportation companies.
Its principal operating company, Union Pacific Railroad, is the largest railroad
in North America, covering 23 states across the western two-thirds of the United
States. A strong focus on quality and a strategically advantageous route
structure enable the company to serve customers in critical and fast growing
markets. It is a leading carrier of low-sulfur coal used in electrical power
generation and has broad coverage of the large chemical-producing areas along
the Gulf Coast. With competitive long-haul routes between all major West Coast
ports and eastern gateways, and as the only railroad to serve all six gateways
to Mexico, Union Pacific has the premier rail franchise in North America. The
Corporation`s trucking operations include Overnite Corporation, which owns
less-than-truckload carriers Overnite Transportation and Motor Cargo.
SOURCE Union Pacific Corporation
bnsf hab ich auch schon lange im Visier!
solide Firma!
...
mit dem Kommentar zu den "Higlight" hier geb ich Dir recht!
MFG
Mannerl
solide Firma!
...
mit dem Kommentar zu den "Higlight" hier geb ich Dir recht!
MFG
Mannerl
Highlights...
Fuel Prices Nip at Profits for Omaha, Neb.-Based Union Pacific Corp.
Jul 26, 2003 (Omaha World-Herald - Knight Ridder/Tribune Business News via
COMTEX) -- Record revenue led to Union Pacific Corp. reporting quarterly
earnings of $288 million, or $1.10 per share, Thursday.
The Omaha railroad company had revenue of $3.27 billion for the quarter ending
June 30, 3 percent more than a year ago. But while revenue rose, earnings were
down about 5 percent, compared with the same quarter last year.
Rising diesel prices cut into profits, with the company`s fuel and utilities
expenses rising 21 percent for the quarter, to $323 million. Union Pacific paid
an average of 88 cents per gallon, compared with 72 cents a year ago.
"We are cautiously upbeat about the second half of the year," Dick Davidson,
Union Pacific`s chief executive officer, said in a statement.
"One cloud on the horizon, however, continues to be energy prices. Diesel fuel
and natural gas prices have remained stubbornly high, affecting our customers`
businesses and our cost structure, while creating a drag on the overall
economy."
Third-quarter profit for Union Pacific will be between $1.05 and $1.15 a share,
Davidson said in a conference call with analysts and investors.
Thirteen analysts surveyed by Thomson Financial predicted third-quarter earnings
averaging $1.28 a share.
So far this year, U.P. has earned $717 million on sales of $6.34 billion,
compared with $526 million on sales of $6.13 billion in 2002.
Union Pacific trucking subsidiary Overnite Corp. reported second-quarter
operating income of $21 million, up 15 percent from 2002. Overnite`s operating
revenue rose 10 percent to $372 million.
U.P.`s second-quarter earnings beat the $1.02-per-share average prediction by 13
analysts surveyed by Thomson.
Jul 26, 2003 (Omaha World-Herald - Knight Ridder/Tribune Business News via
COMTEX) -- Record revenue led to Union Pacific Corp. reporting quarterly
earnings of $288 million, or $1.10 per share, Thursday.
The Omaha railroad company had revenue of $3.27 billion for the quarter ending
June 30, 3 percent more than a year ago. But while revenue rose, earnings were
down about 5 percent, compared with the same quarter last year.
Rising diesel prices cut into profits, with the company`s fuel and utilities
expenses rising 21 percent for the quarter, to $323 million. Union Pacific paid
an average of 88 cents per gallon, compared with 72 cents a year ago.
"We are cautiously upbeat about the second half of the year," Dick Davidson,
Union Pacific`s chief executive officer, said in a statement.
"One cloud on the horizon, however, continues to be energy prices. Diesel fuel
and natural gas prices have remained stubbornly high, affecting our customers`
businesses and our cost structure, while creating a drag on the overall
economy."
Third-quarter profit for Union Pacific will be between $1.05 and $1.15 a share,
Davidson said in a conference call with analysts and investors.
Thirteen analysts surveyed by Thomson Financial predicted third-quarter earnings
averaging $1.28 a share.
So far this year, U.P. has earned $717 million on sales of $6.34 billion,
compared with $526 million on sales of $6.13 billion in 2002.
Union Pacific trucking subsidiary Overnite Corp. reported second-quarter
operating income of $21 million, up 15 percent from 2002. Overnite`s operating
revenue rose 10 percent to $372 million.
U.P.`s second-quarter earnings beat the $1.02-per-share average prediction by 13
analysts surveyed by Thomson.
Overnite Transportation Opens Expanded St. Louis Facility
RICHMOND, Va., Oct 14, 2003 /PRNewswire via COMTEX/ -- Overnite Transportation
Company will open the doors to a new St. Louis Service Center this weekend as it
moves its trucking operation to an expanded facility. When the ribbon is cut
October 18th on the 140-door service center, the capacity of the new facility
will double that of its previous location.
From its expanded Hall Street site, Overnite Transportation can provide next-day
service to 17 states, covering nearly 12,000 points in major markets including
Chicago, Detroit, Indianapolis and Milwaukee. The St. Louis Service Center`s
one- and two-day service umbrella covers major East Coast points, and extends to
Alabama, Arkansas, Kentucky, Louisiana, Mississippi, Oklahoma, Tennessee and
Texas.
"Relocating our St. Louis operation gives Overnite the additional capacity to
handle our customers` service needs in Missouri and beyond," said Central Region
Vice President Steve Smith. "The larger facility not only strengthens our
interregional capabilities throughout the central and Midwestern states, but
also our long haul capabilities for cross-country shipments."
Overnite Holding, Inc., the parent company of Overnite Transportation Company,
reported revenue in excess of $1.3 billion in 2002. A nationwide and regional
less-than-truckload carrier with premium long-haul capabilities, Overnite
Transportation serves more than 45,000 points in all 50 states, Canada, Mexico,
the U.S. Virgin Islands, Puerto Rico and Guam. For additional information about
Overnite Transportation and its services, visit the company`s Web site at
www.overnite.com.
RICHMOND, Va., Oct 14, 2003 /PRNewswire via COMTEX/ -- Overnite Transportation
Company will open the doors to a new St. Louis Service Center this weekend as it
moves its trucking operation to an expanded facility. When the ribbon is cut
October 18th on the 140-door service center, the capacity of the new facility
will double that of its previous location.
From its expanded Hall Street site, Overnite Transportation can provide next-day
service to 17 states, covering nearly 12,000 points in major markets including
Chicago, Detroit, Indianapolis and Milwaukee. The St. Louis Service Center`s
one- and two-day service umbrella covers major East Coast points, and extends to
Alabama, Arkansas, Kentucky, Louisiana, Mississippi, Oklahoma, Tennessee and
Texas.
"Relocating our St. Louis operation gives Overnite the additional capacity to
handle our customers` service needs in Missouri and beyond," said Central Region
Vice President Steve Smith. "The larger facility not only strengthens our
interregional capabilities throughout the central and Midwestern states, but
also our long haul capabilities for cross-country shipments."
Overnite Holding, Inc., the parent company of Overnite Transportation Company,
reported revenue in excess of $1.3 billion in 2002. A nationwide and regional
less-than-truckload carrier with premium long-haul capabilities, Overnite
Transportation serves more than 45,000 points in all 50 states, Canada, Mexico,
the U.S. Virgin Islands, Puerto Rico and Guam. For additional information about
Overnite Transportation and its services, visit the company`s Web site at
www.overnite.com.
Führungsloser Güterzug in Vorort von Los Angeles entgleist
LOS ANGELES - Mehrere mit Baumstämmen beladene Güterwaggons sind am Freitag führungslos fast 50 Kilometer weit auf Los Angeles zu gerollt. Auf der abschüssigen Strecke beschleunigte der Zug auf zeitweise mehr als 110 Kilometer pro Stunde. Wegen der hohen Geschwindigkeit entgleisten in einem Vorort von Los Angeles 18 von 30 Waggons und zerstörten mehrere Häuser. Elf Menschen seien verletzt worden, keiner von ihnen schwer, teilten die Behörden mit. Wie eine Sprecherin der Bahngesellschaft Union Pacific mitteilte, hätten sich die Waggons beim Umkoppeln an eine andere Lokomotive gelöst. Was der Grund dafür gewesen sei, müsse untersucht werden. Den Arbeitern sei es nicht gelungen, die führungslosen Waggons wieder unter Kontrolle zu bringen und zu stoppen. Den Angaben zufolge lenkten in Commerce, einem Vorort mit Industrie und einzelstehenden Familienhäusern entlang der Bahnstrecke, Bahnarbeiter den Geisterzug nach einer halben Stunde wilder Jagd auf eine Nebenstrecke, wodurch möglicherweise knapp eine Katastrophe in der Innenstadt von Los Angeles verhindert wurde. Bei dem riskanten Manöver entgleisten zahlreiche Waggons
LOS ANGELES - Mehrere mit Baumstämmen beladene Güterwaggons sind am Freitag führungslos fast 50 Kilometer weit auf Los Angeles zu gerollt. Auf der abschüssigen Strecke beschleunigte der Zug auf zeitweise mehr als 110 Kilometer pro Stunde. Wegen der hohen Geschwindigkeit entgleisten in einem Vorort von Los Angeles 18 von 30 Waggons und zerstörten mehrere Häuser. Elf Menschen seien verletzt worden, keiner von ihnen schwer, teilten die Behörden mit. Wie eine Sprecherin der Bahngesellschaft Union Pacific mitteilte, hätten sich die Waggons beim Umkoppeln an eine andere Lokomotive gelöst. Was der Grund dafür gewesen sei, müsse untersucht werden. Den Arbeitern sei es nicht gelungen, die führungslosen Waggons wieder unter Kontrolle zu bringen und zu stoppen. Den Angaben zufolge lenkten in Commerce, einem Vorort mit Industrie und einzelstehenden Familienhäusern entlang der Bahnstrecke, Bahnarbeiter den Geisterzug nach einer halben Stunde wilder Jagd auf eine Nebenstrecke, wodurch möglicherweise knapp eine Katastrophe in der Innenstadt von Los Angeles verhindert wurde. Bei dem riskanten Manöver entgleisten zahlreiche Waggons
Union Pacific Raises Dividend 30 Percent
OMAHA, Neb., Nov 19, 2003 /PRNewswire-FirstCall via Comtex/ -- Union Pacific
Corporation (NYSE: UNP) announced that its Board of Directors voted today to
increase the quarterly dividend on the company`s common stock by 30 percent to
30 cents per share. The increased dividend is payable January 2, 2004 to
stockholders of record as of December 10, 2003.
"Following last year`s 15 percent dividend increase, the 2004 raise is a further
indication of management`s ongoing commitment to enhance shareholder value,"
said Dick Davidson, Chairman and CEO of Union Pacific Corporation. "Despite the
environment of high fuel prices and a soft economy in 2003, Union Pacific will
substantially improve its balance sheet through the reduction of over $1 billion
in combined debt and convertible preferred securities by year- end 2003. This
increased financial strength and flexibility allows us to reward our
shareholders with a higher dividend payout."
Union Pacific Corporation is one of America`s leading transportation companies.
Its principal operating company, Union Pacific Railroad, is the largest railroad
in North America, covering 23 states across the western two- thirds of the
United States. A strong focus on quality and a strategically advantageous route
structure enable the company to serve customers in critical and fast growing
markets. It is a leading carrier of low-sulfur coal used in electrical power
generation and has broad coverage of the large chemical- producing areas along
the Gulf Coast. With competitive long-haul routes between all major West Coast
ports and eastern gateways, and as the only railroad to serve all six gateways
to Mexico, Union Pacific has the premier rail franchise in North America.
OMAHA, Neb., Nov 19, 2003 /PRNewswire-FirstCall via Comtex/ -- Union Pacific
Corporation (NYSE: UNP) announced that its Board of Directors voted today to
increase the quarterly dividend on the company`s common stock by 30 percent to
30 cents per share. The increased dividend is payable January 2, 2004 to
stockholders of record as of December 10, 2003.
"Following last year`s 15 percent dividend increase, the 2004 raise is a further
indication of management`s ongoing commitment to enhance shareholder value,"
said Dick Davidson, Chairman and CEO of Union Pacific Corporation. "Despite the
environment of high fuel prices and a soft economy in 2003, Union Pacific will
substantially improve its balance sheet through the reduction of over $1 billion
in combined debt and convertible preferred securities by year- end 2003. This
increased financial strength and flexibility allows us to reward our
shareholders with a higher dividend payout."
Union Pacific Corporation is one of America`s leading transportation companies.
Its principal operating company, Union Pacific Railroad, is the largest railroad
in North America, covering 23 states across the western two- thirds of the
United States. A strong focus on quality and a strategically advantageous route
structure enable the company to serve customers in critical and fast growing
markets. It is a leading carrier of low-sulfur coal used in electrical power
generation and has broad coverage of the large chemical- producing areas along
the Gulf Coast. With competitive long-haul routes between all major West Coast
ports and eastern gateways, and as the only railroad to serve all six gateways
to Mexico, Union Pacific has the premier rail franchise in North America.
Union Pacific steigert Gewinn im vierten Quartal
Die amerikanische Eisenbahngesellschaft Union Pacific Corp. konnte den Nettogewinn im vierten Quartal trotz höherer Treibstoffpreise steigern.
Die größte nordamerikanische Eisenbahngesellschaft erwirtschaftete im vierten Quartal einen Nettogewinn von 551 Mio. Dollar bzw. ein EPS von 2,12 Dollar je Aktie, nachdem im Vorjahresquartal ein Nettogewinn von 378 Mio. Dollar bzw. ein EPS von 1,41 Dollar je Aktie erzielt werden konnte. Das Ergebnis beinhaltet einen Veräußerungsgewinn in Höhe von 84 Cents aus dem Spin-Off der Truck-Sparte Overnite Corp. , wobei der Nettogewinn ohne die Berücksichtigung dieser Sondereffekte bei 1,28 Dollar je Aktie gelegen hat. Auf vergleichbarer Basis lag der Gewinn im Vorjahresquartal bei 1,38 Dollar je Aktie. Analysten hatten im Vorfeld ohne die Berücksichtigung von Sondereffekten einen Nettogewinn von durchschnittlich 1,18 Dollar je Aktie prognostiziert. Der Konzernumsatz konnte gegenüber dem Vorjahresquartal von 2,83 Mrd. Dollar um 5 Prozent auf 2,97 Mrd. Dollar gesteigert werden.
Im abgelaufenen Geschäftsjahr 2003 erwirtschaftete die größte Eisenbahngesellschaft in Nordamerika einen Nettogewinn von 1,6 Mrd. Dollar bzw. ein EPS von 6,04 Dollar, nachdem im Vorjahr ein Nettogewinn von 1,3 Mrd. Dollar bzw. ein EPS von 5,05 Dollar je Aktie erzielt werden konnte. Ohne die Berücksichtigung von Sondereffekten lag der Nettogewinn bei 4,07 Dollar je Aktie, nachdem im Vorjahr auf vergleichbarer Basis ein Nettogewinn von 4,78 Dollar je Aktie erzielt wurde. Der Konzernumsatz konnte im Vergleich zum Vorjahr (11,126 Mrd. Dollar) um 4 Prozent auf 11,55 Mrd. Dollar gesteigert werden. Analysten hatten im Vorfeld einen Nettogewinn von durchschnittlich 4,04 Dollar je Aktie sowie einen Konzernumsatz von 12,10 Mrd. Dollar erwartet.
Die Aktie von Union Pacific notiert an der NYSE aktuell mit einem Minus von 0,84 Prozent bei 65,89 Dollar
Die amerikanische Eisenbahngesellschaft Union Pacific Corp. konnte den Nettogewinn im vierten Quartal trotz höherer Treibstoffpreise steigern.
Die größte nordamerikanische Eisenbahngesellschaft erwirtschaftete im vierten Quartal einen Nettogewinn von 551 Mio. Dollar bzw. ein EPS von 2,12 Dollar je Aktie, nachdem im Vorjahresquartal ein Nettogewinn von 378 Mio. Dollar bzw. ein EPS von 1,41 Dollar je Aktie erzielt werden konnte. Das Ergebnis beinhaltet einen Veräußerungsgewinn in Höhe von 84 Cents aus dem Spin-Off der Truck-Sparte Overnite Corp. , wobei der Nettogewinn ohne die Berücksichtigung dieser Sondereffekte bei 1,28 Dollar je Aktie gelegen hat. Auf vergleichbarer Basis lag der Gewinn im Vorjahresquartal bei 1,38 Dollar je Aktie. Analysten hatten im Vorfeld ohne die Berücksichtigung von Sondereffekten einen Nettogewinn von durchschnittlich 1,18 Dollar je Aktie prognostiziert. Der Konzernumsatz konnte gegenüber dem Vorjahresquartal von 2,83 Mrd. Dollar um 5 Prozent auf 2,97 Mrd. Dollar gesteigert werden.
Im abgelaufenen Geschäftsjahr 2003 erwirtschaftete die größte Eisenbahngesellschaft in Nordamerika einen Nettogewinn von 1,6 Mrd. Dollar bzw. ein EPS von 6,04 Dollar, nachdem im Vorjahr ein Nettogewinn von 1,3 Mrd. Dollar bzw. ein EPS von 5,05 Dollar je Aktie erzielt werden konnte. Ohne die Berücksichtigung von Sondereffekten lag der Nettogewinn bei 4,07 Dollar je Aktie, nachdem im Vorjahr auf vergleichbarer Basis ein Nettogewinn von 4,78 Dollar je Aktie erzielt wurde. Der Konzernumsatz konnte im Vergleich zum Vorjahr (11,126 Mrd. Dollar) um 4 Prozent auf 11,55 Mrd. Dollar gesteigert werden. Analysten hatten im Vorfeld einen Nettogewinn von durchschnittlich 4,04 Dollar je Aktie sowie einen Konzernumsatz von 12,10 Mrd. Dollar erwartet.
Die Aktie von Union Pacific notiert an der NYSE aktuell mit einem Minus von 0,84 Prozent bei 65,89 Dollar
Hallo Mannerl,
sehe gerade, dass du hier ja auch hauptsächlich nur Nachrichten verbreitest,
hast du was dagegen, wenn man bei Vogt auch news und sonstiges z.B. letzte Analystenempfehlung reinstellt.
Habe eben dort geschrieben, dass ich es bedaure, dort nichts von Dir zu hören - oder gehörst Du auch zu den Leuten, die sagen, das sei alles Quatsch, was ich da sage.
Quatsch vielleicht schon, aber war.
Weisst Du wann die Säcke die ganzen Aktien eingesammelt haben, hast Du eine Idee, was die damit vorhaben ??
Wäre super, wenn Du ersteres beantworten könntest, danke
Gruß
unfrei
sehe gerade, dass du hier ja auch hauptsächlich nur Nachrichten verbreitest,
hast du was dagegen, wenn man bei Vogt auch news und sonstiges z.B. letzte Analystenempfehlung reinstellt.
Habe eben dort geschrieben, dass ich es bedaure, dort nichts von Dir zu hören - oder gehörst Du auch zu den Leuten, die sagen, das sei alles Quatsch, was ich da sage.
Quatsch vielleicht schon, aber war.
Weisst Du wann die Säcke die ganzen Aktien eingesammelt haben, hast Du eine Idee, was die damit vorhaben ??
Wäre super, wenn Du ersteres beantworten könntest, danke
Gruß
unfrei
leider haben die meisten meiner Threads das Privileg von Monologen meinerseits zu leben!
Da ich mich aber trotzdem für die eine oder andere Firma interessiere finde ich es aber trotzdem nicht verkehrt(es ist auch hier nicht verboten!) Nachrichten hier her zu schreiben!
Soll aber nicht bedeuten das die Firma keinen schlechten Job macht (siehe Foot Locker und Beverly Enterprises!)
Eisenbahnunternehmen haben ja für die Meisten was schlechtes an sich!
Vielleicht sollte ich mich mehr um irgendwelchen Internetschmieden beteiligen! Da ist das Interesse hier bei wo größer!
Da ich mich aber trotzdem für die eine oder andere Firma interessiere finde ich es aber trotzdem nicht verkehrt(es ist auch hier nicht verboten!) Nachrichten hier her zu schreiben!
Soll aber nicht bedeuten das die Firma keinen schlechten Job macht (siehe Foot Locker und Beverly Enterprises!)
Eisenbahnunternehmen haben ja für die Meisten was schlechtes an sich!
Vielleicht sollte ich mich mehr um irgendwelchen Internetschmieden beteiligen! Da ist das Interesse hier bei wo größer!
Union Pacific Updates Earnings Outlook
OMAHA, Neb., Mar 1, 2004 /PRNewswire-FirstCall via COMTEX/ -- Union Pacific
Corporation (NYSE: UNP) today announced that because of a recent Arkansas
Supreme Court decision, coupled with a difficult operating environment in the
first quarter, the Company will not meet the low-end of its initial earnings
estimate. The Company had originally targeted 30 to 40 percent growth over $0.57
per diluted share from continuing operations reported in the first quarter of
2003. The court decision upholds a $30 million jury verdict against the Railroad
for a 1998 grade-crossing accident. Including $5.4 million in interest, the
verdict will cost about $0.08 per diluted share. Additionally, severe weather
conditions in January and the first weeks of February have hampered efforts to
restore fluidity to our rail network, further increasing costs and reducing
revenues.
OMAHA, Neb., Mar 1, 2004 /PRNewswire-FirstCall via COMTEX/ -- Union Pacific
Corporation (NYSE: UNP) today announced that because of a recent Arkansas
Supreme Court decision, coupled with a difficult operating environment in the
first quarter, the Company will not meet the low-end of its initial earnings
estimate. The Company had originally targeted 30 to 40 percent growth over $0.57
per diluted share from continuing operations reported in the first quarter of
2003. The court decision upholds a $30 million jury verdict against the Railroad
for a 1998 grade-crossing accident. Including $5.4 million in interest, the
verdict will cost about $0.08 per diluted share. Additionally, severe weather
conditions in January and the first weeks of February have hampered efforts to
restore fluidity to our rail network, further increasing costs and reducing
revenues.
Union Pacific Corporation Invites You to Join Its First Quarter Earnings Release Broadcast
OMAHA, Neb., Apr 26, 2004 /PRNewswire-FirstCall via COMTEX/ -- In conjunction
with Union Pacific Corporation`s (NYSE: UNP) first quarter 2004 earnings
release, you are invited to listen to its presentation that will be broadcast
live over the Internet or via teleconference on Thursday, April 29, 2004 at 8:45
a.m. Eastern Time
OMAHA, Neb., Apr 26, 2004 /PRNewswire-FirstCall via COMTEX/ -- In conjunction
with Union Pacific Corporation`s (NYSE: UNP) first quarter 2004 earnings
release, you are invited to listen to its presentation that will be broadcast
live over the Internet or via teleconference on Thursday, April 29, 2004 at 8:45
a.m. Eastern Time
Retired Former CEO of Union Pacific Railroad Still Keeps Office Hours
May 09, 2004 (Omaha World-Herald - Knight Ridder/Tribune Business News via
COMTEX) -- A bright yellow train car shines against a blue sky. Inside, its
refurbished business suite is preserved, like a museum piece.
John C. Kenefick knows this railcar well. He figures he rode close to 240,000
miles aboard it or others like it. This was the 100, the private car of Union
Pacific Railroad`s top executive. Now known as the Kenefick, it is used for
special occasion trips.
Unlike the railcar named for him, 82-year-old Kenefick doesn`t come out only for
special occasions. Retired since 1986, he has yet to break a daily habit that
many a nine-to-fiver happily would give up: going to work.
Six days a week, he puts on a suit and tie and heads to his memorabilia-filled
office on the ninth floor of U.P.`s downtown Omaha headquarters. He`ll be on the
15th floor in the new 19-story building across Dodge Street.
"I putter a little bit. I`m the age where I`m not so useful but more
ornamental," Kenefick says.
Even after surgery for lung cancer in January, he recuperated only a few weeks
before resuming his routine. He insists he isn`t involved in railroad business
and doesn`t tell current President Jim Young or Chairman Dick Davidson how to
run things.
"I am totally retired."
So why keep going to work?
"You gotta be somewhere," he says.
Kenefick is more animated visiting the 100, and he gestures as he tells of
traveling the system.
He takes on a distant look now and then, though, as if scenes from the past are
sliding by his mind`s eye the way the landscape slides past a train car`s
windows.
Kenefick points out a small desk facing the car`s back window, where he worked
while keeping an eye on the track.
He leads the way down a narrow hallway, past a conference room with a gleaming
table. Next door were his sleeping quarters, where Kenefick kept an extra set of
clothes.
"I could leave the office and get on the train. I didn`t need a suitcase."
In December 1985, a year before he retired at age 65, as required by the
company, Kenefick said, "There`s always unfinished business. I could stay here
forever, and there would be things to do."
Reminded of this, he points a finger and says, "But I didn`t. I`m a bugger on
those mandatory retirement ages. When I was young, I couldn`t wait for those old
guys to get out of the way.
"When I walked out, I didn`t have to wonder if there was something wrong with
me. I went because of the rule."
He just couldn`t stay away. Two days later, he walked back in.
Not that he didn`t take it easy. He cut back his hours and his week from seven
days to six.
He and wife Hani began vacationing every six months or so in such places as
Ireland, Italy and Australia, something they hadn`t had time for before.
But his reluctance to really leave U.P. was and still is widely acknowledged. A
former colleague who made plans recently to see Kenefick teased him, saying,
"Can you still get off early?"
If he`s "gotta be somewhere," the railroad clearly is where John Kenefick wants
to be.
The railroad has been calling him since he graduated from Princeton University
in 1943 with a mechanical engineering degree.
After graduation, he worked six months as an apprentice in a New York Central
Railroad roundhouse in Buffalo, N.Y., his hometown. Then he went to war as a
steamship`s chief engineer.
Leaving the Navy in 1947, Kenefick knew what he`d do next.
"I wanted to go railroading."
He headed to Omaha and the Union Pacific Railroad headquarters, where he looked
up its president, P.J. Lynch, and told him he wanted a job.
Lynch, impressed with the Princeton degree, handed over one of his business
cards and sent him to another department, where Kenefick promptly was put to
work as a draftsman.
Young Kenefick considered the position "a dead-end job."
So he quit to work as a U.P. brakeman. Word got back to Lynch, who sent for
Kenefick.
"Someone whispered in his ear," Kenefick says with a grin. "I was the only
brakeman in the 1943 class at Princeton, I can tell you that."
Lynch asked, "Didn`t we give you a job as a draftsman? Why are you working as a
brakeman?"
"Well," Kenefick replied, "I figured it would be a better way to learn the
railroad."
He was promoted to assistant trainmaster a couple of weeks later.
Kenefick had climbed aboard the railroad industry at the dawn of change, almost
the last moment when railroads still were the form of inland transportation for
both freight and passengers.
"There had been no mergers. The railroad wasn`t a whole lot different in 1947
than it was when (former U.P. investor and later president E.H.) Harriman was
here around 1900," he said.
Although Kenefick would leave Union Pacific -- only to return years later -- he
never would give up railroading.
In 1952, he went to work for the Denver & Rio Grande Western Railway. Soon, his
boss there, Alfred Pearlman, became president of the New York Central, and
Kenefick went along.
In 1968, Union Pacific hired Kenefick back as vice president of operations, the
No. 2 position. Upon his return to U.P. headquarters, he was shown to his new
office.
"I went into what had been Mr. Lynch`s office and sat down on the other side of
the desk. Now that is career planning," he said, chuckling. "There is no way you
can plan what happened to me."
In 1970, retirement was approaching for the railroad`s chief executive, Edd
Bailey, for whom Kenefick later named U.P.`s railyard in North Platte, Neb. The
U.P. board temporarily named Kenefick executive vice president and CEO, "a
fairly rare combination and another example of career planning."
Kenefick was named president Oct. 1, 1971, and chairman and chief executive in
1983.
Under his leadership, U.P.`s annual revenues increased from $1 billion to $8
billion, and earnings grew from $75 million to $500 million.
Union Pacific`s first major merger -- with the Missouri Pacific and Western
Pacific in 1982 -- came during Kenefick`s tenure and doubled Union Pacific`s
size, making it the nation`s third-largest rail system with 21,500 miles of
tracks.
Not only was the merger critical in order for U.P. to compete with railroads
that already had merged, it also was one of the deals Kenefick said he enjoyed
most. He refused, though, to take credit, saying it "wasn`t my baby."
He listed other highlights as:
Building a connector line in 1984 with the Chicago & Northwestern out of
Wyoming`s Powder River Basin, one of the nation`s richest coal fields. "A very
significant development in the modern history of the railroad."
Guiding U.P. into partial deregulation under the 1980 Staggers Act, which
allowed railroads to be more competitive with trucks. "We were losing business
like it was going out of style," Kenefick says.
Others found more to praise. The Anti-Defamation League`s Heritage Award
recognized his efforts to foster diversity among U.P.`s executive and engineer
ranks.
He was named king of Ak-Sar-Ben in 1978 and the Mid-America Council of the Boy
Scouts` man of the year in 1985. That year, he also served as president of the
Greater Omaha Chamber of Commerce.
He was chosen for such boards as Princeton -- from which he`ll retire this year
-- and Creighton Universities, then-Clarkson Hospital and Joslyn Art Museum.
Then-Gov. Kay Orr said in 1986 that Kenefick`s leadership put him "among the
giants of American railroading."
He learned that leadership in the Navy.
"I learned something about the responsibility of an officer. You had loyalty up,
but you also had loyalty down. You expect a lot of the people working for you
and, in return, you take care of them."
While serving on the attack cargo ship USS Devosa, he made a practice of
stopping in the sick bay every morning if any of his crew were there.
He continued the practice while leading U.P., which had its own wing at then-St.
Joseph Hospital.
"I used to go down there on Christmas Eve," he says.
It was important that hospitalized employees felt recognized and remembered by
the company, he says, and he was the one they needed to see.
"The boss is a symbol, is what he is."
He didn`t aspire to be chairman of Union Pacific Corp., created in 1969 as a
holding company for valuable oil and mineral operations because of a perceived
threat that railroads would be nationalized.
The corporation was "our bankers. . . . there was very little involvement,"
Kenefick says.
The corporation and railroad now are headquartered together in Omaha.
Kenefick built his reputation on knowing how a railroad works.
"You`re not going to be a very good president if you don`t know about the
operations," he said. "There`s always a question about who`s responsible for
something. The president can`t duck it. He is."
Some aspects of the job, though, were more enjoyable than others.
Kenefick says he personally didn`t like deciding to close U.P.`s mechanical
shops in downtown Omaha and to consolidate them in North Little Rock, Ark. Even
so, the decision wasn`t difficult because he believed it was best for the
company.
"There just wasn`t any question. It wasn`t a hard decision."
The closing took place about two years after he retired.
Kenefick is widely credited with laying the groundwork for subsequent mergers.
U.P. later acquired the Missouri-Kansas-Texas Railroad and merged with Chicago &
Northwestern and Southern Pacific. U.P. also now owns a minority stake in the
Mexican railroad Ferrocarril Mexicano.
"We had 20 or 25 Class 1 railroads, in my day. Now you have four railroads
running everything," he says.
U.P., for example, has twice as many rail cars going through North Platte every
day than it did when he retired.
Pride among railroaders, Kenefick says, is something that doesn`t change, even
years after they retire. He saw that recently visiting with some "old-timers."
"A man said he pulled me three times," meaning the man had been the engineer on
a train that pulled Kenefick`s business car.
"He remembered that," Kenefick says. "There`s that spirit on the railroad."
Don`t mistake Kenefick`s spirit for sentimentality, though.
Although he hasn`t been able to stay away during the past 18 years, he says he
won`t miss the old building at 1416 Dodge St. when he moves to the new
headquarters.
He will take a last look around.
"My goal is to look at Mr. Lynch`s office before we abandon (the building). I
haven`t been near there in years."
Later, Kenefick looked up "Mr. Lynch`s office" and found the area had been
reconfigured.
The office -- where he first showed up, fresh from the Navy, looking to go
railroading, and where he returned to Union Pacific on track to becoming its
president -- no longer is recognizable.
Kenefick shrugs. No use getting sentimental over an office.
He says he has recuperated well from the cancer surgery and requires no
chemotherapy or other ongoing treatment.
"I saw the doctor yesterday," Kenefick said one day in late February. "The
doctor said, `You`ve got a lot of wind.` I said, `Hell, it went with the job.` "
He grew more serious describing the testing and decision-making he went through
before surgery.
"Quite frankly, at my age, one of the issues I had to face was . . . you don`t
want to about kill yourself to live an extra six months."
Standing in the front room of the bright yellow business car that now bears his
name, Kenefick describes how he used to travel, with the railcar hitched to the
end of freight trains.
When he was vice president of operations, he spent more days a year traveling
than working in his Omaha office. As president, he traveled in the 100 the
equivalent of a month each year.
At stops, he asked questions, took notes and left others marveling that he
really did know every inch of the railroad -- though he once joked privately
that he studied up just enough to keep everyone on edge.
Word spread whenever his car was on the system, and employees gathered to wave.
Kenefick would step out on the 100`s rear platform to wave back.
"They knew long before the train came," Kenefick says, "the one hundred`s on."
Taking a last look around the railcar`s front room, Kenefick steps out onto the
platform, closing the door behind him.
And he listens to the railroad`s call.
"Here comes a train," he says. "Sounds pretty good."
By Stacie Hamel
To see more of the Omaha World-Herald, or to subscribe to the newspaper, go to
http://www.omaha.com
(c) 2004, Omaha World-Herald, Neb. Distributed by Knight Ridder/Tribune Business
News.
May 09, 2004 (Omaha World-Herald - Knight Ridder/Tribune Business News via
COMTEX) -- A bright yellow train car shines against a blue sky. Inside, its
refurbished business suite is preserved, like a museum piece.
John C. Kenefick knows this railcar well. He figures he rode close to 240,000
miles aboard it or others like it. This was the 100, the private car of Union
Pacific Railroad`s top executive. Now known as the Kenefick, it is used for
special occasion trips.
Unlike the railcar named for him, 82-year-old Kenefick doesn`t come out only for
special occasions. Retired since 1986, he has yet to break a daily habit that
many a nine-to-fiver happily would give up: going to work.
Six days a week, he puts on a suit and tie and heads to his memorabilia-filled
office on the ninth floor of U.P.`s downtown Omaha headquarters. He`ll be on the
15th floor in the new 19-story building across Dodge Street.
"I putter a little bit. I`m the age where I`m not so useful but more
ornamental," Kenefick says.
Even after surgery for lung cancer in January, he recuperated only a few weeks
before resuming his routine. He insists he isn`t involved in railroad business
and doesn`t tell current President Jim Young or Chairman Dick Davidson how to
run things.
"I am totally retired."
So why keep going to work?
"You gotta be somewhere," he says.
Kenefick is more animated visiting the 100, and he gestures as he tells of
traveling the system.
He takes on a distant look now and then, though, as if scenes from the past are
sliding by his mind`s eye the way the landscape slides past a train car`s
windows.
Kenefick points out a small desk facing the car`s back window, where he worked
while keeping an eye on the track.
He leads the way down a narrow hallway, past a conference room with a gleaming
table. Next door were his sleeping quarters, where Kenefick kept an extra set of
clothes.
"I could leave the office and get on the train. I didn`t need a suitcase."
In December 1985, a year before he retired at age 65, as required by the
company, Kenefick said, "There`s always unfinished business. I could stay here
forever, and there would be things to do."
Reminded of this, he points a finger and says, "But I didn`t. I`m a bugger on
those mandatory retirement ages. When I was young, I couldn`t wait for those old
guys to get out of the way.
"When I walked out, I didn`t have to wonder if there was something wrong with
me. I went because of the rule."
He just couldn`t stay away. Two days later, he walked back in.
Not that he didn`t take it easy. He cut back his hours and his week from seven
days to six.
He and wife Hani began vacationing every six months or so in such places as
Ireland, Italy and Australia, something they hadn`t had time for before.
But his reluctance to really leave U.P. was and still is widely acknowledged. A
former colleague who made plans recently to see Kenefick teased him, saying,
"Can you still get off early?"
If he`s "gotta be somewhere," the railroad clearly is where John Kenefick wants
to be.
The railroad has been calling him since he graduated from Princeton University
in 1943 with a mechanical engineering degree.
After graduation, he worked six months as an apprentice in a New York Central
Railroad roundhouse in Buffalo, N.Y., his hometown. Then he went to war as a
steamship`s chief engineer.
Leaving the Navy in 1947, Kenefick knew what he`d do next.
"I wanted to go railroading."
He headed to Omaha and the Union Pacific Railroad headquarters, where he looked
up its president, P.J. Lynch, and told him he wanted a job.
Lynch, impressed with the Princeton degree, handed over one of his business
cards and sent him to another department, where Kenefick promptly was put to
work as a draftsman.
Young Kenefick considered the position "a dead-end job."
So he quit to work as a U.P. brakeman. Word got back to Lynch, who sent for
Kenefick.
"Someone whispered in his ear," Kenefick says with a grin. "I was the only
brakeman in the 1943 class at Princeton, I can tell you that."
Lynch asked, "Didn`t we give you a job as a draftsman? Why are you working as a
brakeman?"
"Well," Kenefick replied, "I figured it would be a better way to learn the
railroad."
He was promoted to assistant trainmaster a couple of weeks later.
Kenefick had climbed aboard the railroad industry at the dawn of change, almost
the last moment when railroads still were the form of inland transportation for
both freight and passengers.
"There had been no mergers. The railroad wasn`t a whole lot different in 1947
than it was when (former U.P. investor and later president E.H.) Harriman was
here around 1900," he said.
Although Kenefick would leave Union Pacific -- only to return years later -- he
never would give up railroading.
In 1952, he went to work for the Denver & Rio Grande Western Railway. Soon, his
boss there, Alfred Pearlman, became president of the New York Central, and
Kenefick went along.
In 1968, Union Pacific hired Kenefick back as vice president of operations, the
No. 2 position. Upon his return to U.P. headquarters, he was shown to his new
office.
"I went into what had been Mr. Lynch`s office and sat down on the other side of
the desk. Now that is career planning," he said, chuckling. "There is no way you
can plan what happened to me."
In 1970, retirement was approaching for the railroad`s chief executive, Edd
Bailey, for whom Kenefick later named U.P.`s railyard in North Platte, Neb. The
U.P. board temporarily named Kenefick executive vice president and CEO, "a
fairly rare combination and another example of career planning."
Kenefick was named president Oct. 1, 1971, and chairman and chief executive in
1983.
Under his leadership, U.P.`s annual revenues increased from $1 billion to $8
billion, and earnings grew from $75 million to $500 million.
Union Pacific`s first major merger -- with the Missouri Pacific and Western
Pacific in 1982 -- came during Kenefick`s tenure and doubled Union Pacific`s
size, making it the nation`s third-largest rail system with 21,500 miles of
tracks.
Not only was the merger critical in order for U.P. to compete with railroads
that already had merged, it also was one of the deals Kenefick said he enjoyed
most. He refused, though, to take credit, saying it "wasn`t my baby."
He listed other highlights as:
Building a connector line in 1984 with the Chicago & Northwestern out of
Wyoming`s Powder River Basin, one of the nation`s richest coal fields. "A very
significant development in the modern history of the railroad."
Guiding U.P. into partial deregulation under the 1980 Staggers Act, which
allowed railroads to be more competitive with trucks. "We were losing business
like it was going out of style," Kenefick says.
Others found more to praise. The Anti-Defamation League`s Heritage Award
recognized his efforts to foster diversity among U.P.`s executive and engineer
ranks.
He was named king of Ak-Sar-Ben in 1978 and the Mid-America Council of the Boy
Scouts` man of the year in 1985. That year, he also served as president of the
Greater Omaha Chamber of Commerce.
He was chosen for such boards as Princeton -- from which he`ll retire this year
-- and Creighton Universities, then-Clarkson Hospital and Joslyn Art Museum.
Then-Gov. Kay Orr said in 1986 that Kenefick`s leadership put him "among the
giants of American railroading."
He learned that leadership in the Navy.
"I learned something about the responsibility of an officer. You had loyalty up,
but you also had loyalty down. You expect a lot of the people working for you
and, in return, you take care of them."
While serving on the attack cargo ship USS Devosa, he made a practice of
stopping in the sick bay every morning if any of his crew were there.
He continued the practice while leading U.P., which had its own wing at then-St.
Joseph Hospital.
"I used to go down there on Christmas Eve," he says.
It was important that hospitalized employees felt recognized and remembered by
the company, he says, and he was the one they needed to see.
"The boss is a symbol, is what he is."
He didn`t aspire to be chairman of Union Pacific Corp., created in 1969 as a
holding company for valuable oil and mineral operations because of a perceived
threat that railroads would be nationalized.
The corporation was "our bankers. . . . there was very little involvement,"
Kenefick says.
The corporation and railroad now are headquartered together in Omaha.
Kenefick built his reputation on knowing how a railroad works.
"You`re not going to be a very good president if you don`t know about the
operations," he said. "There`s always a question about who`s responsible for
something. The president can`t duck it. He is."
Some aspects of the job, though, were more enjoyable than others.
Kenefick says he personally didn`t like deciding to close U.P.`s mechanical
shops in downtown Omaha and to consolidate them in North Little Rock, Ark. Even
so, the decision wasn`t difficult because he believed it was best for the
company.
"There just wasn`t any question. It wasn`t a hard decision."
The closing took place about two years after he retired.
Kenefick is widely credited with laying the groundwork for subsequent mergers.
U.P. later acquired the Missouri-Kansas-Texas Railroad and merged with Chicago &
Northwestern and Southern Pacific. U.P. also now owns a minority stake in the
Mexican railroad Ferrocarril Mexicano.
"We had 20 or 25 Class 1 railroads, in my day. Now you have four railroads
running everything," he says.
U.P., for example, has twice as many rail cars going through North Platte every
day than it did when he retired.
Pride among railroaders, Kenefick says, is something that doesn`t change, even
years after they retire. He saw that recently visiting with some "old-timers."
"A man said he pulled me three times," meaning the man had been the engineer on
a train that pulled Kenefick`s business car.
"He remembered that," Kenefick says. "There`s that spirit on the railroad."
Don`t mistake Kenefick`s spirit for sentimentality, though.
Although he hasn`t been able to stay away during the past 18 years, he says he
won`t miss the old building at 1416 Dodge St. when he moves to the new
headquarters.
He will take a last look around.
"My goal is to look at Mr. Lynch`s office before we abandon (the building). I
haven`t been near there in years."
Later, Kenefick looked up "Mr. Lynch`s office" and found the area had been
reconfigured.
The office -- where he first showed up, fresh from the Navy, looking to go
railroading, and where he returned to Union Pacific on track to becoming its
president -- no longer is recognizable.
Kenefick shrugs. No use getting sentimental over an office.
He says he has recuperated well from the cancer surgery and requires no
chemotherapy or other ongoing treatment.
"I saw the doctor yesterday," Kenefick said one day in late February. "The
doctor said, `You`ve got a lot of wind.` I said, `Hell, it went with the job.` "
He grew more serious describing the testing and decision-making he went through
before surgery.
"Quite frankly, at my age, one of the issues I had to face was . . . you don`t
want to about kill yourself to live an extra six months."
Standing in the front room of the bright yellow business car that now bears his
name, Kenefick describes how he used to travel, with the railcar hitched to the
end of freight trains.
When he was vice president of operations, he spent more days a year traveling
than working in his Omaha office. As president, he traveled in the 100 the
equivalent of a month each year.
At stops, he asked questions, took notes and left others marveling that he
really did know every inch of the railroad -- though he once joked privately
that he studied up just enough to keep everyone on edge.
Word spread whenever his car was on the system, and employees gathered to wave.
Kenefick would step out on the 100`s rear platform to wave back.
"They knew long before the train came," Kenefick says, "the one hundred`s on."
Taking a last look around the railcar`s front room, Kenefick steps out onto the
platform, closing the door behind him.
And he listens to the railroad`s call.
"Here comes a train," he says. "Sounds pretty good."
By Stacie Hamel
To see more of the Omaha World-Herald, or to subscribe to the newspaper, go to
http://www.omaha.com
(c) 2004, Omaha World-Herald, Neb. Distributed by Knight Ridder/Tribune Business
News.
Brunswick Announces European Organizational Structure
LAKE FOREST, Ill., May 10, 2004 /PRNewswire-FirstCall via COMTEX/ -- Brunswick
Corporation (NYSE: BC) announced today formation of an umbrella organization to
implement a comprehensive growth strategy for its marine operations in Europe,
Africa and the Middle East and to leverage shared services opportunities for all
of Brunswick`s operations in those regions. Victoria J. Reich, president -
Brunswick European Group, will head the new organization, which is based in
Brussels, Belgium.
"This organizational structure is designed to achieve two primary objectives,"
explained Brunswick Chairman and Chief Executive Officer George W. Buckley.
"First is to take a more comprehensive and cohesive approach to growing our
marine presence in these important markets. To date, our boat and engine
businesses have maintained separate international organizations, but now they
will move forward with a more unified strategy aimed at giving boaters the right
product, at the right price through the right distribution channels. Our second
objective is to more efficiently manage and share services such as finance,
human resources, information technology, legal and supply chain among our
marine, fitness and bowling operations in the region."
Reich will continue to report to Buckley, who will also serve as chairman of a
newly formed Brunswick Marine Council. The council will have responsibility for
coordinating Brunswick`s global marine strategy. Serving on the council with
Buckley and Reich are T.J. Chung, president - Brunswick New Technologies;
Patrick C. Mackey, president - Mercury Marine Group; Dustan E. McCoy, president
- Brunswick Boat Group; Peter G. Leemputte, senior vice president and chief
financial officer; and B. Russell Lockridge, vice president and chief human
resources officer.
"The Brunswick European Group will enable us to more successfully leverage
Brunswick`s overall strengths in marine technologies and products as well as our
leadership in boat and engine integration, distribution and service," Buckley
added. "Vicki will be responsible for our boat, engine, and parts and
accessories brands that are manufactured in these regions as well as
responsibility for all aspects of the distribution of marine products imported
into these regions. In addition, she will spearhead our efforts to improve
productivity through shared services among all Brunswick operations in the area
as well as pursue merger and acquisition opportunities in the marine
marketplace."
Reporting to Reich will be Jacques A. Bronchart, general manager - Marine Power
Europe, who will also serve in an advisory role for the group`s business
development initiatives; the Sealine International organization; Marcel
Rijnbeek, managing director - European operations for Sea Ray International;
Francois Sebire, managing director - European office for US Marine; and Tony
Caviglia, director of business development. In addition, Francis Vanbergen has
been named chief financial officer for the Brunswick European Group. Vanbergen
had been director - finance, administration and ICT for Marine Power Europe as
well as director - Brunswick European Treasury Center.
About Brunswick
Headquartered in Lake Forest, Ill., Brunswick Corporation endeavors to instill
"Genuine Ingenuity"(TM) in all its leading consumer brands, including Mercury
and Mariner outboard engines; Mercury MerCruiser sterndrives and inboard
engines; MotorGuide trolling motors; Teignbridge propellers; MotoTron electronic
controls; Northstar marine electronics; Navman GPS-based products; IDS dealer
management systems; Sea Ray, Bayliner, Maxum, Hatteras, Meridian, Sealine,
Bermuda, Ornvik, Savage and Uttern pleasure boats; Baja high- performance boats;
Arvor, Boston Whaler and Trophy offshore fishing boats; Crestliner, Lowe, Lund
and Princecraft aluminum fishing, deck and pontoon boats; Mercury and
Quicksilver inflatable boats; Attwood marine parts and accessories; Land `N` Sea
marine parts and accessories distributor; Life Fitness, Hammer Strength and
ParaBody fitness equipment; Brunswick bowling centers, equipment and consumer
products; Brunswick billiards tables; and Valley-Dynamo pool, air hockey and
foosball tables. For more information, visit www.brunswick.com
SOURCE Brunswick Corporation
LAKE FOREST, Ill., May 10, 2004 /PRNewswire-FirstCall via COMTEX/ -- Brunswick
Corporation (NYSE: BC) announced today formation of an umbrella organization to
implement a comprehensive growth strategy for its marine operations in Europe,
Africa and the Middle East and to leverage shared services opportunities for all
of Brunswick`s operations in those regions. Victoria J. Reich, president -
Brunswick European Group, will head the new organization, which is based in
Brussels, Belgium.
"This organizational structure is designed to achieve two primary objectives,"
explained Brunswick Chairman and Chief Executive Officer George W. Buckley.
"First is to take a more comprehensive and cohesive approach to growing our
marine presence in these important markets. To date, our boat and engine
businesses have maintained separate international organizations, but now they
will move forward with a more unified strategy aimed at giving boaters the right
product, at the right price through the right distribution channels. Our second
objective is to more efficiently manage and share services such as finance,
human resources, information technology, legal and supply chain among our
marine, fitness and bowling operations in the region."
Reich will continue to report to Buckley, who will also serve as chairman of a
newly formed Brunswick Marine Council. The council will have responsibility for
coordinating Brunswick`s global marine strategy. Serving on the council with
Buckley and Reich are T.J. Chung, president - Brunswick New Technologies;
Patrick C. Mackey, president - Mercury Marine Group; Dustan E. McCoy, president
- Brunswick Boat Group; Peter G. Leemputte, senior vice president and chief
financial officer; and B. Russell Lockridge, vice president and chief human
resources officer.
"The Brunswick European Group will enable us to more successfully leverage
Brunswick`s overall strengths in marine technologies and products as well as our
leadership in boat and engine integration, distribution and service," Buckley
added. "Vicki will be responsible for our boat, engine, and parts and
accessories brands that are manufactured in these regions as well as
responsibility for all aspects of the distribution of marine products imported
into these regions. In addition, she will spearhead our efforts to improve
productivity through shared services among all Brunswick operations in the area
as well as pursue merger and acquisition opportunities in the marine
marketplace."
Reporting to Reich will be Jacques A. Bronchart, general manager - Marine Power
Europe, who will also serve in an advisory role for the group`s business
development initiatives; the Sealine International organization; Marcel
Rijnbeek, managing director - European operations for Sea Ray International;
Francois Sebire, managing director - European office for US Marine; and Tony
Caviglia, director of business development. In addition, Francis Vanbergen has
been named chief financial officer for the Brunswick European Group. Vanbergen
had been director - finance, administration and ICT for Marine Power Europe as
well as director - Brunswick European Treasury Center.
About Brunswick
Headquartered in Lake Forest, Ill., Brunswick Corporation endeavors to instill
"Genuine Ingenuity"(TM) in all its leading consumer brands, including Mercury
and Mariner outboard engines; Mercury MerCruiser sterndrives and inboard
engines; MotorGuide trolling motors; Teignbridge propellers; MotoTron electronic
controls; Northstar marine electronics; Navman GPS-based products; IDS dealer
management systems; Sea Ray, Bayliner, Maxum, Hatteras, Meridian, Sealine,
Bermuda, Ornvik, Savage and Uttern pleasure boats; Baja high- performance boats;
Arvor, Boston Whaler and Trophy offshore fishing boats; Crestliner, Lowe, Lund
and Princecraft aluminum fishing, deck and pontoon boats; Mercury and
Quicksilver inflatable boats; Attwood marine parts and accessories; Land `N` Sea
marine parts and accessories distributor; Life Fitness, Hammer Strength and
ParaBody fitness equipment; Brunswick bowling centers, equipment and consumer
products; Brunswick billiards tables; and Valley-Dynamo pool, air hockey and
foosball tables. For more information, visit www.brunswick.com
SOURCE Brunswick Corporation
Union Pacific Settles 2000 Derailment Suit For $65M
05-25-04 05:55 PM EST
OMAHA, Neb. (Dow Jones)--Union Pacific Corp. (UNP) agreed to pay $65 million to settle litigation related to a May 2000 train derailment near Eunice, La.
In a press release Tuesday, the railroad operator said it expects to be reimbursed for this payment by its insurers, and the settlement won`t affect earnings.
More than 10,000 claims had been filed in the class-action suit brought by residents, many of whom where evacuated from their homes following the crash. The train was loaded with hazardous chemicals, and a number of explosions followed its derailment.
-John Seward; Dow Jones Newswires; 201-938-5400
05-25-04 05:55 PM EST
OMAHA, Neb. (Dow Jones)--Union Pacific Corp. (UNP) agreed to pay $65 million to settle litigation related to a May 2000 train derailment near Eunice, La.
In a press release Tuesday, the railroad operator said it expects to be reimbursed for this payment by its insurers, and the settlement won`t affect earnings.
More than 10,000 claims had been filed in the class-action suit brought by residents, many of whom where evacuated from their homes following the crash. The train was loaded with hazardous chemicals, and a number of explosions followed its derailment.
-John Seward; Dow Jones Newswires; 201-938-5400
Union Pacific Provides Earnings Outlook
OMAHA, Neb., June 9 /PRNewswire-FirstCall/ -- Union Pacific Corporation today announced that second quarter earnings for 2004 are expected to be in the approximate range of $0.60 to $0.65 per diluted share. This compares to $1.05 per diluted share from continuing operations in the second quarter of 2003 and $0.63 per diluted share in the first quarter of this year.
Operational inefficiencies have continued to keep expenses high, while at the same time limiting our ability to take full advantage of market demand. Second quarter commodity revenue is expected to grow by approximately 5 percent to record levels. Operating expenses in the second quarter continue to reflect the higher costs associated with running a less efficient network, as well as the costs of addressing our service issues. These include costs in areas such as hiring and training, crew expenses, fuel consumption and equipment costs. In addition, expenses have been affected by record diesel fuel prices, which are expected to average approximately $1.15 per gallon in the second quarter, a year-over-year increase of over 30 percent, or $0.27 per gallon. Although the Corporation has offset a portion of the increased fuel expense through its fuel surcharge program, the second quarter operating margin is expected to be approximately 12 percent.
"At our first quarter earnings release in April, we advised investors to watch our network velocity, the price of fuel and our business volumes as the three key performance drivers for the second quarter and beyond," said Dick Davidson, chairman and chief executive officer. "Although velocity has stabilized over the last few weeks, we have not yet seen the improvement necessary to reduce costs or drive stronger revenue growth. In addition, diesel fuel prices have continued to rise. While we have continued to make progress improving our fuel price recovery through our surcharge programs, there is a lag in the timing of that recovery mechanism."
As reported to the Association of American Railroads (AAR), Union Pacific``s average network velocity for April and May was 21.2 mph. This was roughly 11 percent below the second quarter of 2003 and 3 percent below the first quarter of this year. For the first week of June, our system train speed increased to 21.8 mph.
The average AAR-reported terminal dwell time for April and May was 35.4 hours. This was approximately 18 percent unfavorable compared to the second quarter of 2003 and 2 percent worse than this year``s first quarter. Dwell time for the first week of June averaged 33.8 hours.
"Although the return to network fluidity continues to be a slow process, we are confident we have the right initiatives underway to improve operations and restore our service quality," Davidson said. "We are graduating new trainmen into service at a steady pace. Through the first six months of 2004, we expect to graduate over 2,000 conductors, with another 1,400 expected to graduate in the third quarter. We are also bringing additional locomotives onto the network almost daily, through a combination of both short- and long- term lease acquisitions. This includes the accelerated delivery of an additional 125 new locomotives, originally scheduled for delivery in 2005, to the second half of 2004.
"The timing of the service recovery is still difficult to predict, but we remain absolutely focused on putting these issues behind us so that we can take better advantage of our franchise strength and the unprecedented demand for rail service expected in the years ahead."
The Corporation will report and discuss its second quarter earnings at 8:45 a.m. ET on Thursday, July 22, 2004 via a teleconference and webcast. Details regarding the second quarter earnings release will be provided in the coming weeks.
Union Pacific Corporation owns one of America``s leading transportation companies. Its principal operating company, Union Pacific Railroad, is the largest railroad in North America, covering 23 states across the western two- thirds of the United States. A strong focus on quality and a strategically advantageous route structure enable the company to serve customers in critical and fast growing markets. It is a leading carrier of low-sulfur coal used in electrical power generation and has broad coverage of the large chemical- producing areas along the Gulf Coast. With competitive long-haul routes between all major West Coast ports and eastern gateways, and as the only railroad to serve all six major gateways to Mexico, Union Pacific has the premier rail franchise in North America.
OMAHA, Neb., June 9 /PRNewswire-FirstCall/ -- Union Pacific Corporation today announced that second quarter earnings for 2004 are expected to be in the approximate range of $0.60 to $0.65 per diluted share. This compares to $1.05 per diluted share from continuing operations in the second quarter of 2003 and $0.63 per diluted share in the first quarter of this year.
Operational inefficiencies have continued to keep expenses high, while at the same time limiting our ability to take full advantage of market demand. Second quarter commodity revenue is expected to grow by approximately 5 percent to record levels. Operating expenses in the second quarter continue to reflect the higher costs associated with running a less efficient network, as well as the costs of addressing our service issues. These include costs in areas such as hiring and training, crew expenses, fuel consumption and equipment costs. In addition, expenses have been affected by record diesel fuel prices, which are expected to average approximately $1.15 per gallon in the second quarter, a year-over-year increase of over 30 percent, or $0.27 per gallon. Although the Corporation has offset a portion of the increased fuel expense through its fuel surcharge program, the second quarter operating margin is expected to be approximately 12 percent.
"At our first quarter earnings release in April, we advised investors to watch our network velocity, the price of fuel and our business volumes as the three key performance drivers for the second quarter and beyond," said Dick Davidson, chairman and chief executive officer. "Although velocity has stabilized over the last few weeks, we have not yet seen the improvement necessary to reduce costs or drive stronger revenue growth. In addition, diesel fuel prices have continued to rise. While we have continued to make progress improving our fuel price recovery through our surcharge programs, there is a lag in the timing of that recovery mechanism."
As reported to the Association of American Railroads (AAR), Union Pacific``s average network velocity for April and May was 21.2 mph. This was roughly 11 percent below the second quarter of 2003 and 3 percent below the first quarter of this year. For the first week of June, our system train speed increased to 21.8 mph.
The average AAR-reported terminal dwell time for April and May was 35.4 hours. This was approximately 18 percent unfavorable compared to the second quarter of 2003 and 2 percent worse than this year``s first quarter. Dwell time for the first week of June averaged 33.8 hours.
"Although the return to network fluidity continues to be a slow process, we are confident we have the right initiatives underway to improve operations and restore our service quality," Davidson said. "We are graduating new trainmen into service at a steady pace. Through the first six months of 2004, we expect to graduate over 2,000 conductors, with another 1,400 expected to graduate in the third quarter. We are also bringing additional locomotives onto the network almost daily, through a combination of both short- and long- term lease acquisitions. This includes the accelerated delivery of an additional 125 new locomotives, originally scheduled for delivery in 2005, to the second half of 2004.
"The timing of the service recovery is still difficult to predict, but we remain absolutely focused on putting these issues behind us so that we can take better advantage of our franchise strength and the unprecedented demand for rail service expected in the years ahead."
The Corporation will report and discuss its second quarter earnings at 8:45 a.m. ET on Thursday, July 22, 2004 via a teleconference and webcast. Details regarding the second quarter earnings release will be provided in the coming weeks.
Union Pacific Corporation owns one of America``s leading transportation companies. Its principal operating company, Union Pacific Railroad, is the largest railroad in North America, covering 23 states across the western two- thirds of the United States. A strong focus on quality and a strategically advantageous route structure enable the company to serve customers in critical and fast growing markets. It is a leading carrier of low-sulfur coal used in electrical power generation and has broad coverage of the large chemical- producing areas along the Gulf Coast. With competitive long-haul routes between all major West Coast ports and eastern gateways, and as the only railroad to serve all six major gateways to Mexico, Union Pacific has the premier rail franchise in North America.
Wie die amerikanische Eisenbahngesellschaft Union Pacific am Mittwoch mitteilte, wird der Gewinn im zweiten Quartal des laufenden Geschäftsjahres gegenüber dem Vorjahreszeitraum deutlich geringer ausfallen.
Das Unternehmen erwartet 60 bis 65 Cents Gewinn je Aktie. Im letzten Jahre wurden die Analystenschätzungen mit einem Gewinn von 1,05 Dollar pro Aktie um 9 Cents übertroffen. Für das zweite Quartal 2004 sind Analysten bisher von einem Gewinn in Höhe von rund 96 Cents je Aktie ausgegangen.
Grund für den Gewinneinbruch sind gestiegene Treibstoffkosten sowie höhere Löhne. Bei einer stark steigenden Nachfrage hat Union Pacific nun sogar mit Kapazitätsengpässen zu kämpfen. Für 2005 werden 125 neue Lokomotiven in Dienst gestellt. Außerdem sollen im dritten Quartal 1.400 neue Zugführer eingestellt werden, erst 2002 akquirierte das Unternehmen 2.000 neue Lokführer
Das Unternehmen erwartet 60 bis 65 Cents Gewinn je Aktie. Im letzten Jahre wurden die Analystenschätzungen mit einem Gewinn von 1,05 Dollar pro Aktie um 9 Cents übertroffen. Für das zweite Quartal 2004 sind Analysten bisher von einem Gewinn in Höhe von rund 96 Cents je Aktie ausgegangen.
Grund für den Gewinneinbruch sind gestiegene Treibstoffkosten sowie höhere Löhne. Bei einer stark steigenden Nachfrage hat Union Pacific nun sogar mit Kapazitätsengpässen zu kämpfen. Für 2005 werden 125 neue Lokomotiven in Dienst gestellt. Außerdem sollen im dritten Quartal 1.400 neue Zugführer eingestellt werden, erst 2002 akquirierte das Unternehmen 2.000 neue Lokführer
Union Pacific to hire to reduce train delays
WASHINGTON — Union Pacific, owner of the largest U.S. railroad, intends to hire 5,000 train-crew workers, 800 more than its previous plan, to help end delays that reduced profit by forcing the company to turn away shipments.
The railroad, whose trains are running about 10 percent slower than at this time last year, also is adding about 700 locomotives and relocating workers to areas such as the Pacific Northwest where there are shortages.
"We are leaving business on the table that we could have moved if our service was better," said Chief Executive Richard Davidson, who announced the increased hiring at a transportation conference in New York. "We have been experiencing significant business demand that has taxed the capacity of our resources."
The crew shortage led to delays after business unexpectedly surged in late 2003 as the U.S. economy strengthened. The Omaha, Neb.-based company last week said second-quarter profit would fall to as little as 60 cents a share from $1.10 a year earlier because of the delays and higher fuel costs.
About 2,000 of the new train-crew workers already have been hired, Davidson said at the Merrill Lynch conference. The workers being added will enable about 400 conductors to be promoted to engineer positions, helping to accommodate expected increases in demand this year, he said.
"It is way too soon to declare victory, but we believe our recovery plan is working," Davidson said. "The network has stabilized." He didn`t say when he expects the delays will end.
Union Pacific this year will increase its total work force by as many as 1,500 people, or about 3 percent, after retirements and resignations, Davidson said.
Burlington Northern Santa Fe, the second-biggest U.S. railroad, increased business 14 percent in the second quarter`s first two months, according to a rail trade group. That`s about four times the growth at Union Pacific, according to the group.
Copyright © 2004 The Seattle Times Company
WASHINGTON — Union Pacific, owner of the largest U.S. railroad, intends to hire 5,000 train-crew workers, 800 more than its previous plan, to help end delays that reduced profit by forcing the company to turn away shipments.
The railroad, whose trains are running about 10 percent slower than at this time last year, also is adding about 700 locomotives and relocating workers to areas such as the Pacific Northwest where there are shortages.
"We are leaving business on the table that we could have moved if our service was better," said Chief Executive Richard Davidson, who announced the increased hiring at a transportation conference in New York. "We have been experiencing significant business demand that has taxed the capacity of our resources."
The crew shortage led to delays after business unexpectedly surged in late 2003 as the U.S. economy strengthened. The Omaha, Neb.-based company last week said second-quarter profit would fall to as little as 60 cents a share from $1.10 a year earlier because of the delays and higher fuel costs.
About 2,000 of the new train-crew workers already have been hired, Davidson said at the Merrill Lynch conference. The workers being added will enable about 400 conductors to be promoted to engineer positions, helping to accommodate expected increases in demand this year, he said.
"It is way too soon to declare victory, but we believe our recovery plan is working," Davidson said. "The network has stabilized." He didn`t say when he expects the delays will end.
Union Pacific this year will increase its total work force by as many as 1,500 people, or about 3 percent, after retirements and resignations, Davidson said.
Burlington Northern Santa Fe, the second-biggest U.S. railroad, increased business 14 percent in the second quarter`s first two months, according to a rail trade group. That`s about four times the growth at Union Pacific, according to the group.
Copyright © 2004 The Seattle Times Company
Union Pacific to Further Limit Service
Union Pacific to Further Limit Service As It Struggles With Congested System, Raise Prices
The Associated Press
OMAHA, Neb. July 9, 2004 — The nation`s largest railroad plans to further limit service as it struggles with a congested system and record demand in an improving economy.
Union Pacific Corp. said Thursday it will limit car loadings and the overall inventory of railcars in key corridors, including lines between Seattle and Roseville, Calif.; Los Angeles and El Paso; Los Angeles and Salt Lake City; and the central corridor through Iowa and Illinois.
Union Pacific to Further Limit Service As It Struggles With Congested System, Raise Prices
The Associated Press
OMAHA, Neb. July 9, 2004 — The nation`s largest railroad plans to further limit service as it struggles with a congested system and record demand in an improving economy.
Union Pacific Corp. said Thursday it will limit car loadings and the overall inventory of railcars in key corridors, including lines between Seattle and Roseville, Calif.; Los Angeles and El Paso; Los Angeles and Salt Lake City; and the central corridor through Iowa and Illinois.
versuche mit 3 übereinanderliegende Containern wurden abgebrochen! Teilweise lösten sich die Containern und die Strecken hatten das erforderliche Lichtraumprofil nicht dazu!
würde mich interessieren ob dies wirklich "der Grund" ist warum eine Eisenbahntransportgesellschaft um fast die Hälfte weniger Gewinn macht, weil die Treibstoffpreise gestiegen sind!
22.07.2004 20:19: Union Pacific verfehlt Erwartungen
Die Eisenbahngesellschaft Union Pacific meldete am Donnerstag, dass hohe Energie- und Treibstoffpreise das Ergebnis im zweiten Quartal negativ beeinflusst haben.
Aufgrund dessen fiel der Gewinn um 45 Prozent auf 158 Mio. Dollar bzw. 60 Cents je Aktie. Im Vorjahr lag der Gewinn noch bei 288 Mio. Dollar bzw. 1,10 Dollar je Aktie. Die Erwartungen der Analysten betrugen 63 Cents je Aktie.
Der Umsatz erreichte im zweiten Quartal des laufenden Jahres 3,03 Mrd. Dollar, nachdem im Vorjahr noch 2,89 Mrd. Dollar umgesetzt wurden.
22.07.2004 20:19: Union Pacific verfehlt Erwartungen
Die Eisenbahngesellschaft Union Pacific meldete am Donnerstag, dass hohe Energie- und Treibstoffpreise das Ergebnis im zweiten Quartal negativ beeinflusst haben.
Aufgrund dessen fiel der Gewinn um 45 Prozent auf 158 Mio. Dollar bzw. 60 Cents je Aktie. Im Vorjahr lag der Gewinn noch bei 288 Mio. Dollar bzw. 1,10 Dollar je Aktie. Die Erwartungen der Analysten betrugen 63 Cents je Aktie.
Der Umsatz erreichte im zweiten Quartal des laufenden Jahres 3,03 Mrd. Dollar, nachdem im Vorjahr noch 2,89 Mrd. Dollar umgesetzt wurden.
ebenfalls noch ein weiterer aufschlussreicher Artikel über UP!
...
Union Pacific earnings slump
Railroad vows to break through freight backlogs
By Jim Jelter, CBS MarketWatch.com
SAN FRANCISCO (CBS.MW) - Union Pacific handed investors disappointing second-quarter earnings Thursday, despite a surge in business, and vowed to bolster the ranks of much-needed engineers to get its performance back on track.
Union Pacific misses Q2 estimates
While the Omaha, Nebraska-based railroad (UNP: news, chart, profile) pointed to record revenue, up 5 percent from a year ago to top $3 billion for the first time in its 142-year-history, shipping volumes from a rebounding U.S. economy have overwhelmed UP.
Freight trains are clogging key lines and yards throughout UP`s vast network, reminiscent of the big bottlenecks seen in the late 1990s as the company struggled to integrate Southern Pacific railroad into its own system after acquiring its long-time rival.
"We know we aren`t living up to the potential of this great company, but we remain absolutely focused on resolving the operational issues that have temporarily limited profitability," chairman and CEO Dick Davidson said in a statement accompanying the company`s earnings.
Davidson said UP plans to hire and train another 5,000 trainmen and lease 750 more locomotives by year end.
"We believe these efforts will eventually allow us to catch up with the strong demand, improve network fluidity and operate more efficiently so that we can translate this demand into bottom-line results," Davidson said.
As in the airline and trucking industries, UP said its results also were hurt by a soaring 32 percent jump in fuel costs from a year-ago. Almost all of UP`s massive freight locomotives burn diesel.
For the three months ended June 30, UP said its revenue rose 5 percent to $3.03 billion, matching analyst forecasts, amid increases in total carloads and average revenue per car.
That translated into just $158 million from continuing operations, or 60 cents a share, down from $1.05 a share in the same period a year ago.
Analysts polled by Thomson First Call ahead of the report had predicted UP`s second-quarter earnings would come in at 63 cents a share.
The company also reported that its operating margins fell to 11.9 percent in the second quarter, about half of the 20.1 percent it reported a year ago.
Of all the main bulk commodities the railroad carried, only energy shipments showed a decline -- down 1 percent -- while chemicals shipments led the charge with a 9 percent compared with the same 2003 period.
Union Pacific, the biggest railroad in North America, carries freight through 23 states in the western two-thirds of the nation.
Shippers will be keeping an anxious eye on the railroad going into the final months of the year, when freight volumes typically pick up to handle the grain harvest and merchandise making its way to retailers ahead of the holiday season.
...
Union Pacific earnings slump
Railroad vows to break through freight backlogs
By Jim Jelter, CBS MarketWatch.com
SAN FRANCISCO (CBS.MW) - Union Pacific handed investors disappointing second-quarter earnings Thursday, despite a surge in business, and vowed to bolster the ranks of much-needed engineers to get its performance back on track.
Union Pacific misses Q2 estimates
While the Omaha, Nebraska-based railroad (UNP: news, chart, profile) pointed to record revenue, up 5 percent from a year ago to top $3 billion for the first time in its 142-year-history, shipping volumes from a rebounding U.S. economy have overwhelmed UP.
Freight trains are clogging key lines and yards throughout UP`s vast network, reminiscent of the big bottlenecks seen in the late 1990s as the company struggled to integrate Southern Pacific railroad into its own system after acquiring its long-time rival.
"We know we aren`t living up to the potential of this great company, but we remain absolutely focused on resolving the operational issues that have temporarily limited profitability," chairman and CEO Dick Davidson said in a statement accompanying the company`s earnings.
Davidson said UP plans to hire and train another 5,000 trainmen and lease 750 more locomotives by year end.
"We believe these efforts will eventually allow us to catch up with the strong demand, improve network fluidity and operate more efficiently so that we can translate this demand into bottom-line results," Davidson said.
As in the airline and trucking industries, UP said its results also were hurt by a soaring 32 percent jump in fuel costs from a year-ago. Almost all of UP`s massive freight locomotives burn diesel.
For the three months ended June 30, UP said its revenue rose 5 percent to $3.03 billion, matching analyst forecasts, amid increases in total carloads and average revenue per car.
That translated into just $158 million from continuing operations, or 60 cents a share, down from $1.05 a share in the same period a year ago.
Analysts polled by Thomson First Call ahead of the report had predicted UP`s second-quarter earnings would come in at 63 cents a share.
The company also reported that its operating margins fell to 11.9 percent in the second quarter, about half of the 20.1 percent it reported a year ago.
Of all the main bulk commodities the railroad carried, only energy shipments showed a decline -- down 1 percent -- while chemicals shipments led the charge with a 9 percent compared with the same 2003 period.
Union Pacific, the biggest railroad in North America, carries freight through 23 states in the western two-thirds of the nation.
Shippers will be keeping an anxious eye on the railroad going into the final months of the year, when freight volumes typically pick up to handle the grain harvest and merchandise making its way to retailers ahead of the holiday season.
Three-deck bridge helps trains to `fly over` Kansas City, Kan., intersection
KANSAS CITY, Kan., Sep 14, 2004 (Omaha World-Herald - Knight Ridder/Tribune
Business News via COMTEX) -- The last level of a triple-decker railroad bridge
is now open here, eliminating a stop-and-go rail intersection that affected 130
trains a day.
The $60 million Argentine "flyover" was built on the Burlington Northern and
Santa Fe Railway Co.`s main east-west line above a Union Pacific bridge. Below
the two bridges is the four-way stop, where BNSF`s north-south and east-west
lines intersect.
"Trains were having to stop and take turns going through that four-way
intersection," BNSF spokesman Steve Forsberg said, standing near the west end of
the new bridge. "Now, with this bridge, the east-west trains basically are
flying over the north-south trains."
The two-mile-long Argentine Connection -- just west of the Kansas-Missouri state
line -- will help speed the high-priority intermodal freight carried on BNSF`s
Chicago-Southern California route. The double-tracked bridge is named for the
railroad`s nearby Argentine rail yard.
BNSF`s north-south line connects the Pacific Northwest and upper Midwest with
the Southeast and Gulf regions.
The bridge was funded through bonds issued in Missouri and in Wyandotte County,
Kan. The Kansas City Terminal Railway Co., a consortium of railroads that
operate in the area, will repay the bonds over 20 years.
The flyover is the second to open in the Kansas City area since 2000. The
three-mile Sheffield Junction bridge cost $74 million and was a collaboration of
five railroads, including BNSF and U.P.
Burlington Northern said Kansas City is the second-busiest rail center, with
about 400 trains passing through each day. Chicago generally is considered the
nation`s busiest.
KANSAS CITY, Kan., Sep 14, 2004 (Omaha World-Herald - Knight Ridder/Tribune
Business News via COMTEX) -- The last level of a triple-decker railroad bridge
is now open here, eliminating a stop-and-go rail intersection that affected 130
trains a day.
The $60 million Argentine "flyover" was built on the Burlington Northern and
Santa Fe Railway Co.`s main east-west line above a Union Pacific bridge. Below
the two bridges is the four-way stop, where BNSF`s north-south and east-west
lines intersect.
"Trains were having to stop and take turns going through that four-way
intersection," BNSF spokesman Steve Forsberg said, standing near the west end of
the new bridge. "Now, with this bridge, the east-west trains basically are
flying over the north-south trains."
The two-mile-long Argentine Connection -- just west of the Kansas-Missouri state
line -- will help speed the high-priority intermodal freight carried on BNSF`s
Chicago-Southern California route. The double-tracked bridge is named for the
railroad`s nearby Argentine rail yard.
BNSF`s north-south line connects the Pacific Northwest and upper Midwest with
the Southeast and Gulf regions.
The bridge was funded through bonds issued in Missouri and in Wyandotte County,
Kan. The Kansas City Terminal Railway Co., a consortium of railroads that
operate in the area, will repay the bonds over 20 years.
The flyover is the second to open in the Kansas City area since 2000. The
three-mile Sheffield Junction bridge cost $74 million and was a collaboration of
five railroads, including BNSF and U.P.
Burlington Northern said Kansas City is the second-busiest rail center, with
about 400 trains passing through each day. Chicago generally is considered the
nation`s busiest.
Train Hits Car-Carrier Full of Porsches
VENTURA, Calif. (AP) - A car-carrier loaded with vintage Porsches was struck by a freight train Sunday after becoming stranded on railroad tracks, officials said.
The accident occurred about 3:45 p.m. near the Ventura County Fairgrounds, said Lt. David Wilson of the Ventura Police Department, who was at the scene.
The car-carrier was ``high-centered`` on the railroad tracks and the driver was trying to maneuver it off the tracks when Wilson arrived.
Wilson said he called to have train traffic stopped, but a northbound freight train came barreling down the track only moments later.
``We were able to get the driver out of the cab, luckily,`` Wilson said.
The driver suffered minor injuries while fleeing from the impact, Wilson said.
The vintage Porsches ``are close to totaled, if not totaled,`` Wilson said.
``The train center-punched the trailer carrying the cars and split the trailer in half, and the cars went flying,`` he said.
The front engine of the freight train came off the tracks and Union Pacific crews were called to the scene to get it operating again, Wilson said.
VENTURA, Calif. (AP) - A car-carrier loaded with vintage Porsches was struck by a freight train Sunday after becoming stranded on railroad tracks, officials said.
The accident occurred about 3:45 p.m. near the Ventura County Fairgrounds, said Lt. David Wilson of the Ventura Police Department, who was at the scene.
The car-carrier was ``high-centered`` on the railroad tracks and the driver was trying to maneuver it off the tracks when Wilson arrived.
Wilson said he called to have train traffic stopped, but a northbound freight train came barreling down the track only moments later.
``We were able to get the driver out of the cab, luckily,`` Wilson said.
The driver suffered minor injuries while fleeing from the impact, Wilson said.
The vintage Porsches ``are close to totaled, if not totaled,`` Wilson said.
``The train center-punched the trailer carrying the cars and split the trailer in half, and the cars went flying,`` he said.
The front engine of the freight train came off the tracks and Union Pacific crews were called to the scene to get it operating again, Wilson said.
U.P. rival hauling more freight
Burlington Northern Santa Fe Corp. and Norfolk Southern Corp. increased rail shipments by about 10 percent last month as rising factory orders and industrial production boosted U.S. demand for freight hauling.
In the western United States, Burlington Northern carried 9.8 percent more freight than a year earlier, led by rising Asian imports, the Washington-based Association of American Railroads reported Friday. In the East, Norfolk Southern increased shipments 10.5 percent.
Their performance wasn`t matched by their closest competitors. In the West, Union Pacific increased freight hauling by less than 0.1 percent, the railroad association said. In the east, CSX Corp. increased shipments by 1.5 percent.
Factory orders rose 1.3 percent in July, the U.S. Commerce Department said Thursday, and industrial production in August rose 0.6 percent, according to a Bloomberg survey of economists.
Shipments of consumer goods by rail-truck combination set an August record of 876,056, the rail association said.
In the week ended Aug. 27, CSX`s average train speed, which reflects the number of delays, rose to 20.8 mph from 19.8 a month earlier. In last year`s third quarter, the average speed was 21 mph. Part of the reason for the earlier decline was delays in switching cars between trains, the rail association said.
Union Pacific`s speed in the same four weeks fell to 21.2 mph from 21.4, compared with an average of 22.9 in the third quarter of 2003. Its delays have been caused in part by crew shortages, the company said in a letter to customers last month.
"In the west, it`s clearly a case of Burlington Northern gaining market share" as customers with a choice of railroads shift freight away from Union Pacific, said Rick Paterson, a New York-based UBS Securities analyst. In the east, Norfolk Southern is gaining at CSX`s expense because truckers seeking faster service choose Norfolk, Paterson said.
Union Pacific will regain most of the lost business when its service improves, said Paterson, who rates the Omaha-based company "buy" and said he doesn`t own the stock.
Burlington Northern Santa Fe Corp. and Norfolk Southern Corp. increased rail shipments by about 10 percent last month as rising factory orders and industrial production boosted U.S. demand for freight hauling.
In the western United States, Burlington Northern carried 9.8 percent more freight than a year earlier, led by rising Asian imports, the Washington-based Association of American Railroads reported Friday. In the East, Norfolk Southern increased shipments 10.5 percent.
Their performance wasn`t matched by their closest competitors. In the West, Union Pacific increased freight hauling by less than 0.1 percent, the railroad association said. In the east, CSX Corp. increased shipments by 1.5 percent.
Factory orders rose 1.3 percent in July, the U.S. Commerce Department said Thursday, and industrial production in August rose 0.6 percent, according to a Bloomberg survey of economists.
Shipments of consumer goods by rail-truck combination set an August record of 876,056, the rail association said.
In the week ended Aug. 27, CSX`s average train speed, which reflects the number of delays, rose to 20.8 mph from 19.8 a month earlier. In last year`s third quarter, the average speed was 21 mph. Part of the reason for the earlier decline was delays in switching cars between trains, the rail association said.
Union Pacific`s speed in the same four weeks fell to 21.2 mph from 21.4, compared with an average of 22.9 in the third quarter of 2003. Its delays have been caused in part by crew shortages, the company said in a letter to customers last month.
"In the west, it`s clearly a case of Burlington Northern gaining market share" as customers with a choice of railroads shift freight away from Union Pacific, said Rick Paterson, a New York-based UBS Securities analyst. In the east, Norfolk Southern is gaining at CSX`s expense because truckers seeking faster service choose Norfolk, Paterson said.
Union Pacific will regain most of the lost business when its service improves, said Paterson, who rates the Omaha-based company "buy" and said he doesn`t own the stock.
ob so was bei uns erlaubt wäre...
...
20.09.2004 16:31:
Union Pacific to Install Cameras on Locomotives for Accident Investigation Purposes
OMAHA, Neb., Sept. 20 /PRNewswire/ -- Digital cameras and microphones will be mounted on Union Pacific (Nachrichten) locomotives to record every trip for accident investigation purposes in the event of incidents.
Union Pacific will install Track Image Recorders (TIR) to verify train crew and motorist/pedestrian actions in accidents.
The TIR will be linked to the locomotive`s existing event recorder so each trip can be duplicated in detail with the sound of the locomotive`s air horn and crossing bell and pictures of the track ahead of the locomotives. Depending on the model, event recorders record speeds, throttle and brake settings, electrical power levels and horn use. The TIR image file and the event recorder data will be time synchronized.
The small cameras will be mounted inside the locomotive cab at the top of the engineer`s windshield, looking down the track in front of the locomotive. A microphone will be mounted outside to record the locomotive`s air horn. The video image disk, which can record up to five days, will be retained onboard each locomotive in a lockbox, accessible only to authorized personnel for review.
It is anticipated that the first phase of retrofitting Union Pacific locomotives with TIR will be completed by the end of next year. Emphasis will be on "over-the-road" locomotives that pull trains between cities.
...
20.09.2004 16:31:
Union Pacific to Install Cameras on Locomotives for Accident Investigation Purposes
OMAHA, Neb., Sept. 20 /PRNewswire/ -- Digital cameras and microphones will be mounted on Union Pacific (Nachrichten) locomotives to record every trip for accident investigation purposes in the event of incidents.
Union Pacific will install Track Image Recorders (TIR) to verify train crew and motorist/pedestrian actions in accidents.
The TIR will be linked to the locomotive`s existing event recorder so each trip can be duplicated in detail with the sound of the locomotive`s air horn and crossing bell and pictures of the track ahead of the locomotives. Depending on the model, event recorders record speeds, throttle and brake settings, electrical power levels and horn use. The TIR image file and the event recorder data will be time synchronized.
The small cameras will be mounted inside the locomotive cab at the top of the engineer`s windshield, looking down the track in front of the locomotive. A microphone will be mounted outside to record the locomotive`s air horn. The video image disk, which can record up to five days, will be retained onboard each locomotive in a lockbox, accessible only to authorized personnel for review.
It is anticipated that the first phase of retrofitting Union Pacific locomotives with TIR will be completed by the end of next year. Emphasis will be on "over-the-road" locomotives that pull trains between cities.
Union Pacific is Again Named a Top Company for Working Mothers
OMAHA, Neb., Sept. 21 /PRNewswire-FirstCall/ -- Union Pacific (Nachrichten) today announced that it has again been named one of the nation`s 100 Best Companies for Working Mothers. Working Mother magazine, which today released its 19th annual list of the "100 Best Companies for Working Mothers," has included North America`s largest railroad for the third time in four years.
OMAHA, Neb., Sept. 21 /PRNewswire-FirstCall/ -- Union Pacific (Nachrichten) today announced that it has again been named one of the nation`s 100 Best Companies for Working Mothers. Working Mother magazine, which today released its 19th annual list of the "100 Best Companies for Working Mothers," has included North America`s largest railroad for the third time in four years.
Union Pacific meldet Gewinnrückgang, Analystenschätzungen übertroffen
Der amerikanische Eisenbahn-Konzern Union Pacific (Nachrichten) konnte im abgelaufenen dritten Quartal einen Nettogewinn von 202 Mio. Dollar bzw. 77 Cents je Aktie erwirtschaften. Im Vorjahreszeitraum hatte der Nettogewinn noch bei 317 Mio. Dollar bzw. 1,21 Dollar je Aktie gelegen. Die Analysten hatten ein EPS von 75 Cents erwartet.
Der Umsatz betrug im Berichtszeitraum 3,08 Mrd. Dollar, nach 2,96 Mrd. Dollar im Jahr zuvor. Die Analysten hatten einen Umsatz von 3,06 Mrd. Dollar erwartet.
Als Ursache für den Ergebniseinbruch nannte das Unternehmen die hohen Energiepreise und die steigenden operativen Kosten, die durch die gesteigerten Umsätze nicht aufgefangen werden konnten.
Die Analysten sehen das EPS im vierten Quartal bei 0,88 Dollar bei einem Umsatz von 3,11 Mrd. Dollar.
Der amerikanische Eisenbahn-Konzern Union Pacific (Nachrichten) konnte im abgelaufenen dritten Quartal einen Nettogewinn von 202 Mio. Dollar bzw. 77 Cents je Aktie erwirtschaften. Im Vorjahreszeitraum hatte der Nettogewinn noch bei 317 Mio. Dollar bzw. 1,21 Dollar je Aktie gelegen. Die Analysten hatten ein EPS von 75 Cents erwartet.
Der Umsatz betrug im Berichtszeitraum 3,08 Mrd. Dollar, nach 2,96 Mrd. Dollar im Jahr zuvor. Die Analysten hatten einen Umsatz von 3,06 Mrd. Dollar erwartet.
Als Ursache für den Ergebniseinbruch nannte das Unternehmen die hohen Energiepreise und die steigenden operativen Kosten, die durch die gesteigerten Umsätze nicht aufgefangen werden konnten.
Die Analysten sehen das EPS im vierten Quartal bei 0,88 Dollar bei einem Umsatz von 3,11 Mrd. Dollar.
Union Pacific Corporation Declares Quarterly Dividend of 30 Cents a Share
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