OMAHA, Neb. (AP) — Union Pacific plans to borrow some ideas from other major freight railroads as it works to improve its own operations.
The Omaha, Nebraska-based railroad said Monday that it will incorporate some of the operating principles that have led to dramatic improvements in the profitability of rival CSX railroad.
Former CSX CEO Hunter Harrison streamlined operations at that eastern railroad before his death last year with the same model he used successfully at Canadian Pacific and Canadian National railroads.
Union Pacific CEO Lance Fritz said his railroad isn't meeting customer expectations now, and these changes should change that.
Union Pacific said it will work to minimize its use of locomotives and how long cars sit idle. And it will release more details of its plan later this week.
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