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Union Pacific Proxy Filed March 25, 2026 Union Pacific filed a DEF 14A on Mar 25, 2026; the proxy sets governance and compensation votes ahead of the 2026 annual meeting and affects peer benchmarking across six Class I railroads.

Union Pacific Proxy Filed March 25, 2026: Union Pacific filed a DEF 14A on Mar 25, 2026; the proxy sets governance and compensation votes ahead of the 2026 annual meeting and affects peer benchmarking… 👈 Read full analysis #UnionPacific #ProxyStatement #CorporateGovernance #DEF14A #RailroadIndustry

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US lawmakers, unions oppose railroad plan to automate track safety inspections By Lisa Baertlein LOS ANGELES (Reuters) -A U.S. railroad industry plan to rely more heavily on technology instead of humans to conduct routine track safety inspections has drawn a backlash from labor groups and lawmakers who voiced worry that automated inspections will result in more accidents. The dispute reflects simmering tensions in the global transport industry over the rise of automation. Also, U.S. President Donald Trump wants to slash regulations he says are holding back economic growth. The Association of American Railroads (AAR) in April requested a waiver from the Federal Railroad Administration (FRA) that would allow freight railroads that use automation to slash the frequency of human-conducted track inspections by 75%. If approved, the waiver would allow operators employing a so-called "track geometry measurement system" (TGMS), which can be attached to rail cars and spot derailment risks like tracks that are warped or too far apart, to cut human inspections to twice per month from twice per week. The waiver would also provide railroads up to 72 hours to address defects, while human inspectors can immediately make repairs or choose to slow or stop trains. The association, along with manufacturing and agriculture trade groups that back the proposal, say the change would result in earlier detection and remediation of track defects. Tony Cardwell, president of the Brotherhood of Maintenance of Way Employees Division (BMWED) union that represents track inspectors and other rail workers, called AAR’s analysis flawed. 3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads. The technology only checks about a quarter of the items in track defect inspections, he said. Human inspectors also see foundation issues like broken rail ties or water damage earlier, allowing problems to be fixed before they get serious enough for the technology to flag them. "Track geometry is the end result of a defect, not the cause of a defect," Cardwell said. Opponents of the plan have noted that after three train passengers died following a 2021 Amtrak derailment, a government report concluded that automated track inspections do not find as many types of track hazards as human inspectors. A dozen Democratic U.S. Senators and the Democratic ranking members of the House Committee on Transportation and Infrastructure also called on FRA to deny the waiver in recent public comments on the proposal. Kansas Governor Laura Kelly, who has more than 4,000 miles of railroads in her state, said automated track inspections "should not cut human track inspection at the expense of putting public safety at risk." Republican lawmakers did not submit public comments. The AAR said the waiver would actually improve railroad safety and operational efficiency. "Layering technology on top of redundant and unnecessary, old ways of conducting inspections is not a way to make an industry competitive," said Michael Rush, AAR’s senior vice president for safety and operations. AAR member railroads, including megamerger hopefuls Union Pacific and Norfolk Southern as well as Berkshire Hathaway-owned BNSF, back the request. 3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads. The National Association of Manufacturers and the National Grain and Feed Association, both representing major U.S. freight rail customers, also support the proposal. The decision is now in the hands of FRA, which does not face a deadline. Train derailment rates are down over the last two decades, though there are still roughly three per day in the country, according to AAR and federal safety data. Some have been major. The village of East Palestine, Ohio is undertaking a billion-dollar environmental cleanup after a Norfolk Southern derailment in 2023. Two years earlier in 2021, an Amtrak derailment on a freight rail track in Montana killed three passengers. After the Amtrak derailment, a National Transportation Safety Board (NTSB) report spelled out some of the limitations of TGMS technology. The report said the technology can provide detailed information on specific track parameters, but does "not capture the diverse array of unique track hazards detectable to human inspectors." NTSB and FRA did not immediately comment. 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Union Pacific misses quarterly estimates on weak auto shipments 0 UNP 1.33% NSC 0.89% NG -2.91% UNP natural gas NSC hereremove ads 0 Latest comments Install Our AppScan QR code to install app Google Play App Store Blog Mobile Portfolio Widgets About Us Advertise Help & Support Authors Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website. It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

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US Supreme Court rebuffs CSX bid to revive antitrust suit against Norfolk Southern WASHINGTON (Reuters) -The U.S. Supreme Court declined on Monday to hear freight rail giant CSX (NASDAQ:CSX)’s bid to revive its antitrust lawsuit accusing rival Norfolk Southern (NYSE:NSC) of illegally restricting access to a key East Coast terminal in Virginia, costing CSX hundreds of millions of dollars in lost profits. The justices turned away CSX’s appeal of a lower court’s ruling last year that the Jacksonville, Florida-based company sued too late, missing a four-year window to bring claims for U.S. antitrust law violations. CSX had argued the statute of limitations should not be applied in its lawsuit. CSX sued Norfolk Southern in 2018 in federal court in Virginia, accusing the rival shipper of conspiring with Norfolk & Portsmouth Belt Line Railroad to set an excessive fee for services at Virginia’s Norfolk International Terminals, one of the most important East Coast terminals. Large international container ships use the Norfolk terminal to offload cargo onto trains and trucks for inland destinations. CSX in a statement on Monday expressed disappointment in the Supreme Court’s decision not to take up the appeal but said the company is committed to ongoing efforts at a U.S. regulatory agency to secure what it called competitive rail access at the Norfolk terminal. Norfolk & Portsmouth Belt Line, which was also a defendant, is a small railroad that is majority-owned by Norfolk Southern and provides track and "switching" services at the terminal. CSX does not own tracks at the dock, and so it must pay for access. In the suit, it said that Norfolk Southern and Norfolk & Portsmouth Belt Line in 2009 set an artificially high track rate - $210 per rail car - that remains in place today. Norfolk Southern’s advantage has allowed it to charge artificially higher prices to ocean carriers that rely on the Norfolk terminal, according to the CSX lawsuit. CSX said it has been barred from entering into profitable contracts with ocean shippers. CSX said Norfolk Southern’s practice of allegedly overcharging for access to the terminal was continuing each day the fee remains in place, and so the four-year statute of limitations should not have been a bar to filing a lawsuit. The Richmond, Virginia-based 4th U.S. Circuit Court of Appeals in 2024 upheld a judge’s dismissal of CSX’s lawsuit. The 4th Circuit said Norfolk Southern’s rail charges "didn’t inflict new harm causing new injury to CSX within the limitations period." In its appeal to the Supreme Court, CSX said that the 4th Circuit ruling served to create an immunity shield that lets Norfolk Southern sidestep competition at the Norfolk terminal. Norfolk Southern said the 4th Circuit correctly ruled that the 2009 date when the rate was set "was outside the statute of limitations, and that simply maintaining that rate was inaction that did not retrigger the statute of limitations on a daily basis."

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