Information
Union Pacific Railroad was proud to host U.S. Labor Secretary Lori Chavez-DeRemer on Wednesday at its state-of-the-art Training Center and Harriman Dispatching Center, where she saw firsthand the innovative and
Original sourceAI Summary
Union Pacific hosted U.S. Labor Secretary promoting workforce development initiatives. Proposed merger with Norfolk Southern could create 900 new union jobs. Union Pacific demonstrates commitment to skilled workforce during Secretary's visit. Tour showcased training centers essential for dispatching and operations. Union Pacific's investments strengthen America's supply chain and competitiveness.
Sentiment Rationale
The development of new jobs and a major merger enhances Union Pacific's market position, similar to past successful expansions.
Trading Thesis
Job creation and efficiency improvements from the merger will have lasting positive effects on revenue and growth.
Market-Moving
- Union Pacific hosted U.S. Labor Secretary promoting workforce development initiatives.
- Proposed merger with Norfolk Southern could create 900 new union jobs.
- Union Pacific demonstrates commitment to skilled workforce during Secretary's visit.
Key Facts
- Union Pacific hosted U.S. Labor Secretary promoting workforce development initiatives.
- Proposed merger with Norfolk Southern could create 900 new union jobs.
- Union Pacific demonstrates commitment to skilled workforce during Secretary's visit.
- Tour showcased training centers essential for dispatching and operations.
- Union Pacific's investments strengthen America's supply chain and competitiveness.
Companies Mentioned
- NSC (NSC)
- CSX (CSX)
- KSU (KSU)
Corporate Developments
The article highlights key initiatives and potential job growth that are critical for investor sentiment and market performance.
Union Pacific Railroad was proud to host U.S. Labor Secretary Lori Chavez-DeRemer on Wednesday at its state-of-the-art Training Center and Harriman Dispatching Center, where she saw firsthand the innovative and world-class training that goes into developing the railroad's highly skilled workforce, expected to grow with the creation of the nation's first transcontinental railroad.
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U.S. Labor Secretary Lori Chavez-DeRemer and Union Pacific CEO Jim Vena stand next to the secured Union Pacific's newest commemorative locomotive: No. 1616 Abraham Lincoln.
The tour was part of Secretary Chavez-DeRemer's 50-state ‘America at Work' listening tour that began last April to promote economic development and job creation. Union Pacific and Norfolk Southern have proposed a landmark merger to create the nation's first coast-to-coast railroad, which they estimate will lead to the creation of approximately 900 net new union jobs to meet anticipated growth in rail demand.
"It is an honor to be a part of Secretary Chavez-DeRemer's impressive nationwide tour and to talk about growing and developing America's workforce," said Union Pacific CEO Jim Vena. "It also gave me a chance to showcase the men and women who are the backbone of America's supply chain and the extensive safety and operating training they undergo to work on a modern, high-tech railroad."
Chavez-DeRemer toured both Union Pacific's Training Center and the Harriman Dispatching Center, which serves as the railroad's central nervous system, dispatching trains and crews 24/7 across Union Pacific's 23-state network.
"Union Pacific is helping power our economy by investing in the skilled workforce that keeps our supply chains moving, and I enjoyed seeing that commitment up close as part of my 50-state America at Work listening tour," said Secretary of Labor Lori Chavez-DeRemer. "I appreciate their efforts to strengthen our skilled workforce and keep America competitive for decades to come."
The day ended with Vena giving Chavez-DeRemer a chance to see Union Pacific's newest commemorative locomotive: No. 1616 Abraham Lincoln. This special locomotive honors Union Pacific's founder and will be on tour this year to celebrate America's 250th anniversary.
ABOUT UNION PACIFIC
Union Pacific (NYSE:UNP) delivers the goods families and businesses use every day with safe, reliable and efficient service. Operating in 23 western states, the company connects its customers and communities to the global economy. Trains are the most environmentally responsible way to move freight, helping Union Pacific protect future generations. More information about Union Pacific is available at www.up.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260115803554/en/
Union Pacific Media Contact: Robynn Tysver at 402-544-6037 or media@up.com
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