OMAHA, Neb., Sept. 17, 2018 /PRNewswire/ -- Union Pacific
today announced its Unified Plan 2020, a new operating plan that
implements Precision Scheduled Railroading principles. Unified Plan
2020 will launch Oct. 1 and will be
rolled out in phases across the entire Union Pacific rail
network.
The plan is an important part of Union Pacific's objective of
operating a safe, reliable and efficient railroad. Resulting
benefits are expected to help Union Pacific achieve its 60 percent
operating ratio goal by 2020, on the way to achieving a 55 percent
operating ratio.
"We are not currently meeting customer expectations," said
Lance Fritz, Union Pacific's
chairman, president and chief executive officer. "Unified Plan 2020
is our path forward to secure our place as the industry leader in
safety, service and financial performance."
Precision Scheduled Railroading is operational at other large
North American railroads, driving improved service reliability for
customers, increased operating efficiency and reduced network
complexity. Key principles being incorporated into Union Pacific's
Unified Plan 2020 include:
- Shifting the focus of operations from moving trains to moving
cars.
- Minimizing car dwell, car classification events and locomotive
power requirements.
- Utilizing general-purpose trains by blending existing train
services.
- Balancing train movements to improve the utilization of crews
and rail assets.
Unified Plan 2020 is being developed in conjunction with
employees closest to the work, including in the field,
incorporating their experience and expertise. Union Pacific will
communicate thoroughly with customers in advance of making changes
to existing rail service.
The plan will first be implemented on Union Pacific's eastern
North/South corridor, creating more streamlined operations between
Wisconsin and Texas. Further rollout will occur in phases,
with initial implementation across the entire rail network expected
by 2020.
Unified Plan 2020 Investor Conference Call
A conference call will be broadcast live over the Internet and
via teleconference on Wednesday, Sept. 19,
2018, at 8 a.m. Eastern Time
to further discuss Unified Plan 2020.
What:
|
Union Pacific
Corporation's Unified Plan 2020 Investor Conference Call
|
|
When:
|
Wednesday, Sept.
19, 2018, at 8:00 a.m. ET
|
|
Where:
|
Union Pacific's
website at www.up.com/investor. Alternatively, the webcast
can be accessed directly through the following link.
|
|
How:
|
Live over the
Internet
|
|
|
–OR–
|
|
|
Dial-in telephone
access
|
|
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Domestic 877-407-8293
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International
201-689-8349
|
If you are unable to participate during the live teleconference,
presentation materials and the call will be archived on Union
Pacific's website at www.up.com/investor. An MP3 downloadable
audio file will also be available at the same location.
ABOUT UNION PACIFIC
Union Pacific Railroad is the principal operating company of
Union Pacific Corporation (NYSE: UNP). One of America's most
recognized companies, Union Pacific Railroad connects 23 states in
the western two-thirds of the country by rail, providing a critical
link in the global supply chain. In the last 10 years, 2008-2017,
Union Pacific invested approximately $34
billion in its network and operations to support America's
transportation infrastructure. The railroad's diversified business
mix is classified into its Agricultural Products, Energy,
Industrial and Premium business groups. Union Pacific serves many
of the fastest-growing U.S. population centers, operates from all
major West Coast and Gulf Coast ports to eastern gateways, connects
with Canada's rail systems and is
the only railroad serving all six major Mexico gateways. Union Pacific provides value
to its roughly 10,000 customers by delivering products in a safe,
reliable, fuel-efficient and environmentally responsible
manner.
Union Pacific Media contact: Kristen South at 402-544-3435 or
kmsouth@up.com
Union Pacific Investor contact: Mike Miller at 402-544-4227 or
mvmiller@up.com
www.up.com
www.facebook.com/unionpacific
www.twitter.com/unionpacific
This press release contains statements about the Company's
future that are not statements of historical fact, including
specifically the statements regarding the Company's expectations
with respect to implementing a new operating plan and its ability
to improve network performance and customer service. These
statements are, or will be, forward-looking statements as defined
by the Securities Act of 1933 and the Securities Exchange Act of
1934. Forward-looking statements also generally include,
without limitation, information or statements
regarding: projections, predictions, expectations, estimates
or forecasts as to the Company's and its subsidiaries' business,
financial, and operational results, and future economic
performance; and management's beliefs, expectations, goals, and
objectives and other similar expressions concerning matters that
are not historical facts.
Forward-looking statements should not be read as a guarantee
of future performance or results, and will not necessarily be
accurate indications of the times that, or by which, such
performance or results will be achieved. Forward-looking
information, including expectations regarding operational and
financial improvements and the Company's future performance or
results are subject to risks and uncertainties that could cause
actual performance or results to differ materially from those
expressed in the statement. Important factors, including risk
factors, could affect the Company's and its subsidiaries' future
results and could cause those results or other outcomes to differ
materially from those expressed or implied in the forward-looking
statements. Information regarding risk factors and other cautionary
information are available in the Company's Annual Report on Form
10-K for 2017, which was filed with the SEC on February 9, 2018. The Company updates information
regarding risk factors if circumstances require such updates in its
periodic reports on Form 10-Q and its subsequent Annual Reports on
Form 10-K (or such other reports that may be filed with the
SEC).
Forward-looking statements speak only as of, and are based
only upon information available on, the date the statements were
made. The Company assumes no obligation to update
forward-looking information to reflect actual results, changes in
assumptions or changes in other factors affecting forward-looking
information. If the Company does update one or more
forward-looking statements, no inference should be drawn that the
Company will make additional updates with respect thereto or with
respect to other forward-looking statements. References to our
website are provided for convenience and, therefore, information on
or available through the website is not, and should not be deemed
to be, incorporated by reference herein.
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SOURCE Union Pacific