Railroads ask federal courts to order FRA to take action on waylaid safety waivers [Yahoo! Finance]
Union Pacific Corporation (UNP)
Last union pacific corporation earnings: 4/23 08:00 am
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Source: Yahoo! Finance
Administration today for its failure to act on a half dozen safety waiver requests that in some cases would allow railroads to scale back visual inspections in areas where they have deployed new high-tech train and track inspection systems. The litigation asks federal courts to find FRA's inaction on waiver requests is “arbitrary and capricious” and in violation of FRA's own regulations requiring action within nine months, the Association of American Railroads said. “Rail safety is a shared responsibility, and the FRA's unlawful delays are creating uncertainty and preventing critical advancements in safety and efficiency,” AAR CEO Ian Jefferies said in a statement. “By law, the FRA is required within specified timelines to act and either grant or deny these petitions, yet it has repeatedly failed to meet its legal obligation, forcing the industry to file suit. Enhancing the safety and efficiency of the rail network cannot wait, and the industry has now had to file lawsuits to try
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UNP
Earnings
- 10/24/24 - Miss
UNP
Sec Filings
- 11/12/24 - Form 4
- 11/12/24 - Form 4
- 11/12/24 - Form 4
- UNP's page on the SEC website