Railroad layoffs?

Discussion in 'Economy' started by colbaltblue52, Nov 10, 2008.

  1. colbaltblue52
    Offline

    colbaltblue52 BANNED

    Joined:
    Nov 10, 2008
    Messages:
    12
    Thanks Received:
    5
    Trophy Points:
    0
    Ratings:
    +5
    My brother works for Union Pacific in Tx. Does anyone know if there is any chance of a layoff in the future? I haven't heard, just wondering if anyone has heard anything.
    Thanks
     
  2. Zoomie1980
    Offline

    Zoomie1980 Senior Member

    Joined:
    Jan 16, 2008
    Messages:
    1,658
    Thanks Received:
    128
    Trophy Points:
    48
    Ratings:
    +128
    Union Pacific is doing extraordinarily well, in spite of the recession. They have only one lagging area, automobile shipments, but they are reaping the benefit for having shunned too much intermodal freight and now ship mostly only necessities, coal, ag products, chemicals, and food. The only labor cuts coming at UP are cutting back on contract labor (i.e. the offshore stuff in IT mostly). CTX, BNSF and others are not so fortunate and depend on intermodal far more than does UP. Some layoffs in dispatch, and yard might be coming there.
     
  3. colbaltblue52
    Offline

    colbaltblue52 BANNED

    Joined:
    Nov 10, 2008
    Messages:
    12
    Thanks Received:
    5
    Trophy Points:
    0
    Ratings:
    +5
    Thanks for the input!
     
  4. Kid Pickle
    Offline

    Kid Pickle KindOfABigDealAroundHere

    Joined:
    Oct 14, 2007
    Messages:
    76
    Thanks Received:
    15
    Trophy Points:
    6
    Ratings:
    +15
    Until cap and trade comes to pass, which will cripple the coal industry, giving the UP a lot less to haul. This scares the crap outta me, as I fix coal cars for a living.
     
  5. colbaltblue52
    Offline

    colbaltblue52 BANNED

    Joined:
    Nov 10, 2008
    Messages:
    12
    Thanks Received:
    5
    Trophy Points:
    0
    Ratings:
    +5
    Lets hope that never happens.
     

Share This Page

Search tags for this page

railroad layoffs