Union Pacific's Solid Margin Execution Continues

Over the past six years, all the railroads have confronted the push to implement precision scheduled railroading, if they hadn’t already. Shareholders demanded it, motivated by PSR’s success at Canadian National and Canadian Pacific. Union Pacific was no exception, launching its PSR efforts in late 2018. Generally speaking, PSR has proved to be an optimal path to greater network efficiency and higher incremental margins, due in part to more-efficient use of locomotive assets and labor.