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Union Pacific Corp. (Ports Intermodal).(planning and management)

JoC Week

| January 13, 2003 | Davidson, Dick | COPYRIGHT 2002 All Rights Reserved. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

It is obvious to all that the railroad industry's 2003 financial performance will be linked directly to a more robust national economy. Yet what may not be so obvious is that railroads remain well positioned to benefit from what may be the true driving force of our industry--productivity improvement.

Back in 1944, American railroads employed 1.7 million people. Today, that number has shrunk to 255,000. But those workers are accomplishing much more. Evidence: Productivity of U.S. railroads is up 1,200 percent since the end of World War II.

At Union Pacific, productivity has increased at an average compound annual rate of 6.5 percent since 1984. The overall…

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