Union Pacific CEO called to hearing in Washington as risk of rail strike rises

UP Train
  • The Surface and Transportation Board is calling Union Pacific management including CEO Lance Fritz to appear at hearings about the freight railroad’s use of embargoes.
  • The request for testimony comes as rails and labor unions move dangerously close to a strike which could shut down the national freight transportation network.
  • The STB hearings are scheduled for Dec. 13-14, which would be after the potential start date for a rail strike on Dec. 9.
  • STB is interested in how UP’s staffing and service levels have impacted the supply chain and the economy, issues that overlap with union concerns in current negotiations.