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Union PacificThe Reconfiguration: America's Greatest Railroad from 1969 to the Present$
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Maury Klein

Print publication date: 2011

Print ISBN-13: 9780195369892

Published to Oxford Scholarship Online: March 2015

DOI: 10.1093/acprof:osobl/9780195369892.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 28 September 2021

The Next Railroad

The Next Railroad

(p.426) Epilogue The Next Railroad
Union Pacific

Maury Klein

Oxford University Press

This epilogue focuses on the remarkable turnaround of Union Pacific Railroad, the next railroad. So far Union Pacific has thrived under its new management. From 2005 onward service improved steadily to record levels even as the company achieved record low operating ratios. Despite the crash of 2008 and its aftermath, the railroad's earnings and service remained strong. Investment in the infrastructure and capacity expansion continued as well. Even with reduced traffic the railroad set new records in safety, service, and financial performance. Whether Union Pacific absorbed the lessons of the past well enough to maintain its outstanding performance remains to be seen. Jim Young, now at the helm of the railroad, has vowed that it will.

Keywords:   management, Union Pacific Railroad, earnings, service, investment, safety, financial performance, Jim Young

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