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3/1/2013
Rail News: Rail Industry Trends
CSX, Union Pacific earn accolades
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Fortune magazine recently named Union Pacific Railroad the "most admired" firm among trucking, transportation and logistics companies for the third consecutive year.
In the magazine's annual "World's Most Admired" list, UP ranked No. 1 in seven of nine reputation attributes: people management; use of corporate assets; social responsibility; management quality; financial soundness; long-term investment; and quality of products/services. The Class I ranked fourth in innovation and global competitiveness.
"We are absolutely focused on creating value for our customers," said UP President and Chief Executive Officer Jack Koraleski in a press release. "After 150 years in business, 2012 was a record financial year, employee safety performance was the best ever and our customer satisfaction score reached an all-time high."
The most admired list of trucking, transportation and logistics companies also includes CSX Corp.
Meanwhile, CSX announced yesterday that it won a U.S. Environmental Protection Agency (EPA) 2013 Climate Leadership Award in the Goal Achievement category. The award recognizes the Class I's voluntary goal to reduce greenhouse-gas (GHG) emissions by 8 percent since 2007.
CSX was the first transportation company to become a partner in the EPA's Climate Leaders Program and reached its voluntary emissions-reduction goal in 2010, one year ahead of schedule, CSX officials said in a press release. The railroad reduced greenhouse-gas emissions by 1.5 million metric tons — the equivalent of removing 296,000 cars from roads for one year, they said. Last year, CSX announced a goal to further reduce emissions an additional 6 percent to 8 percent by 2020.
Employee training and the adoption of new technologies are key drivers in the Class I's efforts to reduce emissions. CSX has invested more than $1.75 billion over the past decade on various training and fuel-saving locomotive technologies.
In the magazine's annual "World's Most Admired" list, UP ranked No. 1 in seven of nine reputation attributes: people management; use of corporate assets; social responsibility; management quality; financial soundness; long-term investment; and quality of products/services. The Class I ranked fourth in innovation and global competitiveness.
"We are absolutely focused on creating value for our customers," said UP President and Chief Executive Officer Jack Koraleski in a press release. "After 150 years in business, 2012 was a record financial year, employee safety performance was the best ever and our customer satisfaction score reached an all-time high."
The most admired list of trucking, transportation and logistics companies also includes CSX Corp.
Meanwhile, CSX announced yesterday that it won a U.S. Environmental Protection Agency (EPA) 2013 Climate Leadership Award in the Goal Achievement category. The award recognizes the Class I's voluntary goal to reduce greenhouse-gas (GHG) emissions by 8 percent since 2007.
CSX was the first transportation company to become a partner in the EPA's Climate Leaders Program and reached its voluntary emissions-reduction goal in 2010, one year ahead of schedule, CSX officials said in a press release. The railroad reduced greenhouse-gas emissions by 1.5 million metric tons — the equivalent of removing 296,000 cars from roads for one year, they said. Last year, CSX announced a goal to further reduce emissions an additional 6 percent to 8 percent by 2020.
Employee training and the adoption of new technologies are key drivers in the Class I's efforts to reduce emissions. CSX has invested more than $1.75 billion over the past decade on various training and fuel-saving locomotive technologies.
