DOCSLIB.ORG

UNP Pitchbook 5.20.2020

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
UNP Pitchbook 5.20.2020 UNION PACIFIC CORPORATION May 2020 Cautionary Information This presentation and related materials contain statements about the Company’s future that are not statements of historical fact, including specifically the statements regarding the Company’s expectations with respect to economic conditions and demand levels; its ability to generate financial returns, improve resource productivity; enhancing the customer experience; implementing corporate strategies; and providing excellent service to its customers, returns to its shareholders and potential impacts of the Covid-19 pandemic. These statements are, or will be, forward-looking statements as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward- looking statements also generally include, without limitation, information or statements regarding: projections, predictions, expectations, estimates or forecasts as to the Company’s and its subsidiaries’ business, financial, and operational results, and future economic performance; and management’s beliefs, expectations, goals, and objectives and other similar expressions concerning matters that are not historical facts. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times that, or by which, such performance or results will be achieved. Forward-looking information, including expectations regarding operational and financial improvements and the Company’s future performance or results are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the statement. Important factors, including risk factors, could affect the Company’s and its subsidiaries’ future results and could cause those results or other outcomes to differ materially from those expressed or implied in the forward-looking statements. Information regarding risk factors and other cautionary information are available in the Company’s Annual Report on Form 10-K for 2019, which was filed with the SEC on February 7, 2020. The Company updates information regarding risk factors if circumstances require such updates in its periodic reports on Form 10-Q and its subsequent Annual Reports on Form 10-K (or such other reports that may be filed with the SEC). Forward-looking statements speak only as of, and are based only upon information available on, the date the statements were made. The Company assumes no obligation to update forward-looking information to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References to our website are provided for convenience and, therefore, information on or available through the website is not, and should not be deemed to be, incorporated by reference herein. 2 CURRENT OVERVIEW / BUSINESS UPDATE May 2020 3 First Quarter 2020 Results Earnings Per Share Operating Ratio $2.15 $1.93 63.6 +11% 59.0 -4.6 pts 2019 2020 2019 2020 All-Time Quarterly Record 4 Second Quarter Business Trends Second Quarter Volume* • Growth in Export Grain Driven by China Purchases • Food and Refrigerated Commodities Bulk -19% Impacted by the Pandemic • Low Oil Prices Limit Crude and Sand Industrial -16% Shipments • Construction Related Rock Shipments Premium -30% Currently Strong • Premium Decline due to Auto Plant TOTAL -23% Shutdowns and Overall Consumer Demand 5 *Through May 19, 2020 BUSINESS TEAM REVIEW May 2020 6 Diverse Portfolio of Business Bulk 25% 2019 Industrial 26% Volume Premium 49% Energy 17% v 2019 Results Revenue $20,243M (-5%) Volume 8,346K (-6%) ARC $2,425 (+1%) Automotive Distribution Centers Intermodal Terminals Manifest Terminals Ports Border Crossings, Gateways and Interchanges 7 ARC = Average Revenue Per Car Economic Indicators Industrial Housing Light Vehicle Imports Exports Production GDP Starts (MM) Sales (MM) of Goods of Goods 2019 0.9% 2.3% 1.30 16.9 0.3% 0.2% 2020 -12.9% -7.3% 1.10 12.4 -14.1% -4.5% 2021 5.1% 5.1% 1.24 14.2 14.4% 11.0% 8 Source: IHS Markit U.S. Economic Outlook, May 2020 2019 Freight Volumes International Trade Domestic 59% • Diverse franchise creates opportunity Other Imports • Off-shoring/near-shoring of U.S. 17% Other manufacturing Exports Imports 13% from Mexico • Demand for grain and food 6% Exports to Mexico 5% International Volumes Other – 9% Food & Beverage – 1% Metals– 1% Fertilizer – 1% Intermodal Forest Products – 2% (excl Mexico) Grain Products – 2% 54% Coal – 3% Grain – 4% Vehicles Mexico Intermodal – 7% & Parts 16% 9 Bulk Grain & Potash Grain Products Produce 34% Grain Export Fertilizer 2019 9% Volume Food & Refrigerated Dairy 9% Coal Major Grain, Grain Coal & Products, & Renewables Fertilizer Region 48% Produce Dairy Coal Dairy, Poultry Cattle, 2019 Results Poultry Cattle, Poultry Cattle Revenue $6,529M (-8%) Volume 2,087K (-9%) ARC $3,128 (+2%) Grain Grain Export Export 10 ARC = Average Revenue Per Car Grain 2014 • Grain drivers • Grain inventory management • Export market fundamentals • Food & beverage shipment demand UNP Weekly Grain Carloads* U.S. Grain Stocks** (As reported to the AAR) (Bushels in Billions) 9,000 12.5 12.9 12.0 11.6 10.7 7,500 6,000 2018 2020 4,500 2019 3,000 1Q 2Q 3Q 4Q 2016 2017 2018 2019 2020 Corn Soybeans Wheat 11 *Through May 16, 2020 **Source: USDA; As of March 1, 2020 Coal 2014 • Coal drivers • Weather impacts demand • Natural gas prices • Coal inventory levels UNP Weekly Coal Carloads* Electricity Generation Market Share** (As reported to the AAR) % from coal % from natural gas 50% 25,000 47% 2018 36% 38% 32% 31% 42% 15,000 2019 29% 2020 28% 21% 29% 24% 23% 19% 5,000 1Q 2Q 3Q 4Q 1Q'08 1Q'10 1Q'12 1Q'14 1Q'16 1Q'18 1Q'20 12 *Through May 16, 2020 **Source: U.S. Energy Information Administration (EIA) Industrial Petroleum LPG Industrial Lumber, Energy & Chem & Plastic Paper Specialized 28% Sand 28% 2019 Volume Forest Steel Products Soda 10% Ash Shale Metals & Minerals 34% Copper, Iron Ore, Salt, Lime Shale and Other Shale Minerals 2019 Results Revenue $7,472M (-3%) Pipe, Volume 2,199K (-1%) Shale Cement, Shale Aggregates ARC $3,398 (-2%) Network and Regional Manifest Terminals Petroleum LPG, Shale Plastics, Major Transload Terminals Industrial Chem 13 ARC = Average Revenue Per Car • $204 billion petrochemical Plastics investment in Gulf* • Comprehensive product offerings & service excellence OKLAHOMA ARKANSAS • Dallas to Dock service solution for export plastics Dallas To East for – Plastic pellets travel in hopper cars LOUISIANA Export from Gulf region to Dallas TEXAS To Gulf for – Pellets are packaged and To LA/LB for Export Export transferred into intermodal containers for export Houston New Orleans – Katoen Natie expanding their Dallas Corpus Christi packaging facility to double capacity Future Expansions to 500,000+ square feet by Q4 2017-2019 Expansions 2020 UP SIT Facility – KTN has the ability to grow to 2.5 million square feet 14 *Source: American Chemistry Council, June 2019 Shale Related Volumes Crude Oil Volume (000s) First Quarter Volume % Incr % of Total 75 2020* (000s) (vs 2019) UP Volume 46 46 14 24 Crude 24 68% 1.2% 2016 2017 2018 2019 1Q 20 Frac Sand** 21 (41%) 1.1% * Exclude pipe related to shale activity * *Includes Barites Frac Sand Volume* • Crude oil drivers (By Shale, 000s) • Crude oil price spreads • Production & demand 230 233 • Pipeline capacity • Frac sand drivers 119 122 • Energy prices • Rig counts 21 • Enhanced fracing technology 2016 2017 2018 2019 1Q 2020 • White / brown sand mix Eagle Ford Permian DJ Basin Marcellus/Utica Other 15 Housing Trends Lumber, Stone & Glass • Housing market still well below historical UP Wkly Housing Starts averages Carloadings* (mils) 10,000 2.0 • UP lumber, stone & glass business correlates with housing starts 1.8 8,000 • Housing also drives appliances, roofing, 1.6 rebar, aggregates, and cement demand 1.4 • Housing related shipments represent ~ 5 - 6,000 10% of current UP volumes 1.2 1.0 4,000 0.8 2,000 0.6 ‘16 ‘17 ‘18 ‘19 ‘20 IHS Global Insight forecast 16 *Through May 16, 2020 Premium Intermodal 79% 2019 Volume Automotive 21% Agricultural 13% Industrial 26% v 2019 Results Energy 17% Revenue $6,242M (-6%) Volume 4,060K (-7%) Automotive Distribution Centers ARC $1,538 (+2%) Intermodal Terminals Ports Border Crossings, Gateways and Interchanges 17 ARC = Average Revenue Per Car Highway Conversion Growth Opportunities Cass Truckload Linehaul Index 145 • Highway conversion opportunities in 135 all business groups 125 115 • High insurance costs 105 95 2008 Mar 2020 • Drug & alcohol testing Transportation Mode • Truck capacity (By Tonnage) Water 6% Rail • LOUP 11% Truck 83% 18 Source: Cass Information Systems, Index uses January 2005 as its base month, U.S DOT Bureau of Transportation Statistics Butler Intermodal Terminal Hybrid Service Product – Valor Victoria Manly Butler Boone Council Bluffs Council Bluffs LA Initial Intermodal Service Manifest Service Short Line Service Private Intermodal Terminal 19 Finished Vehicles Eastport Seattle Duluth Portland Twin Cities Chicago Omaha Oakland Salt Lake City Denver Kansas St. Louis City U.S. Light Vehicle SAAR* Los Memphis 17.4 17.5 Angeles 17.1 17.2 16.9 Dallas 14.2 New Orleans 12.4 Houston Borders & Interchange Distribution Centers/Ports (UP Owned/Leased
Load more

Recommended publications
  • CP's North American Rail
    2020_CP_NetworkMap_Large_Front_1.6_Final_LowRes.pdf 1 6/5/2020 8:24:47 AM 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 Lake CP Railway Mileage Between Cities Rail Industry Index Legend Athabasca AGR Alabama & Gulf Coast Railway ETR Essex Terminal Railway MNRR Minnesota Commercial Railway TCWR Twin Cities & Western Railroad CP Average scale y y y a AMTK Amtrak EXO EXO MRL Montana Rail Link Inc TPLC Toronto Port Lands Company t t y i i er e C on C r v APD Albany Port Railroad FEC Florida East Coast Railway NBR Northern & Bergen Railroad TPW Toledo, Peoria & Western Railway t oon y o ork éal t y t r 0 100 200 300 km r er Y a n t APM Montreal Port Authority FLR Fife Lake Railway NBSR New Brunswick Southern Railway TRR Torch River Rail CP trackage, haulage and commercial rights oit ago r k tland c ding on xico w r r r uébec innipeg Fort Nelson é APNC Appanoose County Community Railroad FMR Forty Mile Railroad NCR Nipissing Central Railway UP Union Pacic e ansas hi alga ancou egina as o dmon hunder B o o Q Det E F K M Minneapolis Mon Mont N Alba Buffalo C C P R Saint John S T T V W APR Alberta Prairie Railway Excursions GEXR Goderich-Exeter Railway NECR New England Central Railroad VAEX Vale Railway CP principal shortline connections Albany 689 2622 1092 792 2636 2702 1574 3518 1517 2965 234 147 3528 412 2150 691 2272 1373 552 3253 1792 BCR The British Columbia Railway Company GFR Grand Forks Railway NJT New Jersey Transit Rail Operations VIA Via Rail A BCRY Barrie-Collingwood Railway GJR Guelph Junction Railway NLR Northern Light Rail VTR
    [Show full text]
  • Railroad Engineering 101 Session 38
    Creating Value … … Providing Solutions Railroad Engineering 101 Session 38 Tuesday, February 19, 2013 Presented by: David Wilcock Railroad Engineering 101 . Outline . Overview of the Railroad . Track . Bridges . Signal Systems . Railroad Operations . Federal Railroad Administration . American Railway Engineering and Maintenance Association Railroad Engineering 101 . Overview of the Railroad . Classifications (Types) – Private – Common Carrier . Classifications (Function) – Line Haul – Switching – Belt Line – Terminal Railroad Engineering 101 . Overview of the Railroad . Classifications (Operating Revenues) – Class 1: $250 M or more – Class 2: $20.5 M - $249.9 M – Class 3: Less than $20 M . Classifications (Association of American Railroads Types) – Class I: $250 M or more – Regional: 350 miles or more; $40 M or more – Local – Switching and Terminal Railroad Engineering 101 . Overview of the Railroad . Class 1 Railroads – North America – BNSF – Canadian National – Canadian Pacific – CSX – Ferromex – Kansas City Southern – KCS de Mexico – Norfolk Southern – Union Pacific – Amtrak – VIA Rail Railroad Engineering 101 . Overview of the Railroad . Organization of a Railroad – Transportation » Train & Engine Crews » Dispatching » Operations – Engineering » All Right of Way Engineering – Mechanical » Equipment Maintenance – Marketing Railroad Engineering 101 . Overview of the Railroad . Equipment - Locomotives – All Units rated by Horsepower – Horsepower is converted to Tractive Effort to propel locomotive – Types: » Electric – Pantograph trolley or third rail shoe » Diesel-Electric – self contained electric power plant » Dual Mode – Can use either electric or diesel Railroad Engineering 101 . Overview of the Railroad . Equipment - Freight Cars – Boxcar – Flatcar – Gondola – Covered Hopper – Coal Hopper – Tank Car – Auto Racks – Container “Tubs or Boats” Railroad Engineering 101 . Overview of the Railroad . Resistance – Resistance is important especially for freight operations as they are dealing with heavy loads.
    [Show full text]
  • Weekly Rail Review for the Week Ending
    WEEKLY RAIL REVIEW FOR THE WEEK ENDING SAT, JULY 1, 2006 BY DAVE MEARS (NOTE: “ffd” indicates a reference “for further details.”) THE WEEK’S TOP RAIL AND TRANSIT NEWS (in chronological order): (SUN) Extended and widespread rainstorms, continuing from the previous week, notably disrupted passenger and freight train operations in the northeastern U.S. On Monday and due to washouts on CSX, Amtrak canceled service south of Washington, DC, except for its Auto Train. MARC and VRE commuter trains to and from Washington, except for MARC Penn Line service, were also canceled on Monday. On Wednesday, an extensive washout on the CSX Albany-Buffalo main line near Amsterdam, NY halted all train service on that route. CSX was able to one track back in service by Thursday evening and the second track back in service by Friday evening, but so many freight trains had been held that Amtrak trains on that route were suspended through Sunday, July 2 to clear out the freight train backlog. Canadian Pacific Railway lines in the Binghamton, NY area were also affected, with CPR reporting 7 washouts on the line from Binghamton south to the Norfolk Southern connection at Sunbury, PA. NS reported no damage to its Southern Tier line between Binghamton and Buffalo, but said that closed floodgates had halted rail service on the line since Tuesday. Rains and resulting floodwaters began to subside later in the week. (ffd: Amtrak, NARP, Trains, wire services) (SUN) The Chicago Transit Authority inaugurated service on its new Pink line. The line, which runs over existing subway-elevated trackage, operates between the 54th-Cermack station in Cicero and the Chicago Loop.
    [Show full text]
  • 2020 Building America Report a Report to Our Stakeholders on Union Pacific’S Environmental, Social and Governance Initiatives and Achievements
    Steven Boyd Christian Deneumostier John Richard Jessica Marsa Aris Garcia Jr Berkeley, IL Omaha, NE System Gang Omaha, NE Menlo Park, CA Brittany Miller Matthew Havard Chuck Wullschleger Joe Downs Thomas Hottenrott Omaha, NE De Soto, MO System Gang Omaha, NE Dupo, IL Richard Estrada Joshy Madathil Jimmy Thompson Jenn Dellacqua Demarcus Thompson System Gang Omaha, NE Cheyenne, WY Omaha, NE Crystal Lake, IL Adrienne Jensen Jose Guzman Atosha Coleman Bryan Prince Yolanda Delgado Omaha, NE Omaha, NE Omaha, NE Fort Worth, TX Omaha, NE Henry Ward III Sharron Jourdan Booker Williams Marypat Dennis Jon Ruda Kansas City, MO Roseville, CA Fort Worth, TX Omaha, NE Omaha, NE 2020 Building America Report A report to our stakeholders on Union Pacific’s environmental, social and governance initiatives and achievements. 1 About the Report Union Pacific’s vision of Building America means we connect the nation’s businesses and communities to each other and the world by providing safe, reliable and efficient supply chain solutions. In doing so, we strive to serve our customers, enhance shareholder value, invest in our communities and provide promising careers, while operating in an ethical manner. Together, these actions allow Union Pacific to build a more sustainable future. This report details progress in our four areas of concentration related to environmental, social, and governance issues: investing in our workforce, driving sustainable solutions, championing environmental stewardship and strengthening our communities. This report also summarizes our 2020 financial performance and, new this year, includes a Facts and Figures section. We used the Global Reporting Initiative’s global sustainability reporting standards as a framework to report our most material social responsibility issues, and are reporting our GRI Standards Index data for the first time.
    [Show full text]
  • Rail Harmonization in Mexico and North America: Implications for Agriculture
    RAIL HARMONIZATION IN MEXICO AND NORTH AMERICA: IMPLICATIONS FOR AGRICULTURE Barry E. Prentice,Wade Derkson and Arnold Maltz INTRODUCTION The North American railway landscape has changed significantly and irreversibly in the last few years. A "NAFTA railroad" has emerged with the acquisition of the Illinois Central (IC) by Canadian National (CN) and the subsequent marketing agreement with the Kansas City Southern (KCS). The largest Canadian railway, itself privatized only a few years ago, now offers single-line access to the Mexican market with the privatized Transportacion Ferroviario Mexicano (TFM). From a shipper's perspective, the new map of North America increasingly resembles a hyperlinked web page, "with the shipper able to start anywhere and end up in places he or she never imagined." (Possehl, 1998). Few North American shippers would have imagined a railway system that could include the much- maligned Mexican rail links. However, the once disparate parts of the North American rail network have re-emerged under private control with the promise of integrating NAFTA trade, and in particular, the trade of agricultural products. This paper examines the implications of the Mexican rail concessions for NAFTA trade of agricultural products. Specifically the paper focuses on whether or not privatization, particularly of the rail links in the Northeast (TFM) and the Pacific North (Ferromex), are likely to support overland movement of agricultural products within the three NAFTA signatories. The effect of rail privatization on freight rates is especially important because the geographic flow patterns of low-valued bulky agricultural commodities such as grains are sensitive to transport and logistics costs.
    [Show full text]
  • Regulatory Capacity Building Tools for Analysing Rail Connectivity
    CPB Corporate Partnership Board Regulatory Capacity Building Tools for Analysing Rail Connectivity Case-Specific Policy Analysis Regulatory Capacity Building Tools for Analysing Rail Connectivity Case-Specific Policy Analysis The International Transport Forum The International Transport Forum is an intergovernmental organisation with 59 member countries. It acts as a think tank for transport policy and organises the Annual Summit of transport ministers. ITF is the only global body that covers all transport modes. The ITF is politically autonomous and administratively integrated with the OECD. The ITF works for transport policies that improve peoples’ lives. Our mission is to foster a deeper understanding of the role of transport in economic growth, environmental sustainability and social inclusion and to raise the public profile of transport policy. The ITF organises global dialogue for better transport. We act as a platform for discussion and pre- negotiation of policy issues across all transport modes. We analyse trends, share knowledge and promote exchange among transport decision-makers and civil society. The ITF’s Annual Summit is the world’s largest gathering of transport ministers and the leading global platform for dialogue on transport policy. The Members of the Forum are: Albania, Armenia, Argentina, Australia, Austria, Azerbaijan, Belarus, Belgium, Bosnia and Herzegovina, Bulgaria, Canada, Chile, China (People’s Republic of), Croatia, Czech Republic, Denmark, Estonia, Finland, France, Former Yugoslav Republic of Macedonia, Georgia, Germany, Greece, Hungary, Iceland, India, Ireland, Israel, Italy, Japan, Kazakhstan, Korea, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Mexico, Republic of Moldova, Montenegro, Morocco, the Netherlands, New Zealand, Norway, Poland, Portugal, Romania, Russian Federation, Serbia, Slovak Republic, Slovenia, Spain, Sweden, Switzerland, Turkey, Ukraine, the United Arab Emirates, the United Kingdom and the United States.
    [Show full text]
  • ANNUAL REPORT PURSUANT to SECTION 13 OR 15(D) of the SECURITIES EXCHANGE ACT of 1934 for the Fiscal Year Ended December 31, 2020 Or
    20 Annual 20 Report KANSAS CITY SOUTHERN Kansas City Southern is a transportation holding company with two primary subsidiaries. The Kansas City Southern Railway Company is one of seven Class I railroads operating in the United States. Kansas City Southern de México, S.A. de C.V. is one of two large regional railroads in Mexico. KCS also owns 50% of the Panama Canal Railway Company in Panama. The combined North American rail network comprises approximately 7,100 route miles, including trackage rights, that link commercial and industrial markets in the United States and Mexico. 2020 FINANCIAL HIGHLIGHTS 2020 2019 2018 2017 OPERATIONS Revenues $ 2,632.6 $ 2,866.0 $ 2,714.0 $ 2,582.9 Operating income 1,003.0 886.3 986.3 921.6 Net income attributable to Kansas City Southern and subsidiaries 617.0 538.9 627.4 962.0 PER COMMON SHARE Earnings per diluted share $ 6.54 $ 5.40 $ 6.13 $ 9.16 CLOSING STOCK PRICE RANGES Common - High $ 204.13 $ 155.10 $ 119.88 $ 113.44 Common - Low 100.54 92.87 90.84 80.82 4% Non-Cumulative Preferred - High 35.01 32.14 33.07 29.50 4% Non-Cumulative Preferred - Low 24.88 24.11 24.50 26.75 FINANCIAL CONDITION Total assets $ 9,964.0 $ 9,786.8 $ 9,469.8 $ 9,198.7 Total debt, including short-term borrowings 3,770.8 3,246.0 2,689.4 2,619.4 Total stockholders’ equity 4,057.2 4,422.5 4,813.0 4,548.9 Total equity 4,383.6 4,745.9 5,132.7 4,865.4 COMMON STOCKHOLDER INFORMATION AT YEAR END Stockholders of record 2,029 1,952 2,063 2,141 Shares outstanding (in thousands) 91,047 96,116 100,897 103,037 Average diluted shares outstanding (in thousands) 94,315 99,747 102,270 105,040 LETTER TO OUR The COVID-19 pandemic, and resulting economic downturn, impacted all STOCKHOLDERS aspects of Kansas City Southern’s (KCS or the Company) operations, resulting in an exceptionally challenging year.
    [Show full text]
  • Trains 2014 Index
    INDEX TO VOLUME 74 Reproduction of any part of this volume for commercial pur poses is not allowed without the specific permission of the publishers. All contents © 2013 and 2014 by Kalmbach Publishing Co., Wau kesha, Wis. JANUARY 2014 THROUGH DECEMBER 2014 – 908 PAGES HOW TO USE THIS INDEX: Feature material has been indexed three or more times—once by the title under which it was published, again under the author’s last name, and finally under one or more of the subject categories or railroads. Photographs standing alone are indexed (usually by railroad), but photographs within a feature article are not separately indexed. Brief news items are indexed under the appropriate railroad and/or category; news stories are indexed under the appro- priate railroad and/or category and under the author’s last name. Most references to people are indexed under the company with which they are easily identified; if there is no easy identification, they may be indexed under the person’s last name (for deaths, see “Obit uaries”). Maps, museums, radio frequencies, railroad historical societies, rosters of locomotives and equipment, product reviews, and stations are indexed under these categories. Items from countries other than the U.S. and Canada are indexed under the appropriate country. A The best of times, the worst of times, Dec 10-11 Abbe, Elfrieda, article by: Binational Amtrak routes, Ask TRAINS, Nov 76 The houses railroads built, Sep 44-51 (correc) Boardman fiddles while Amtrak burns, Nov 10-11 Abbey, Wallace W., obituary, Apr 9 Bridge out! Feb
    [Show full text]
  • Tank Car Damage Assessment Best Practices
    Assessment Best Practices Tank Car Tank Damage ESi Project No: 45117A Client File No: 09-025-SAF-12 4215 Campus Drive Aurora, IL 60504 Assessment Best Practices Tank Car Tank Damage ESi Project No: 45117A Client File No: 09-025-SAF-12 Report Prepared For: Hazardous Materials Committee Association of American Railroads 425 3rd Street, SW Suite 1000 Washington, DC 20024-3206 Submitted by: 05/11/2021 Philip J. Daum Date Principal and Director IL P.E. | Expires: November 30, 2021 Technical Review by: 05/11/2021 Hans C. Iwand Date Principal and Vice President NE P.E. | Expires: December 30, 2021 This report and its contents are the Work Product of Engineering Systems Inc. (ESi). This report should only be duplicated or distributed in its entirety. This report may contain confidential or court protected information; please contact an authorized entity prior to distributing. Conclusions reached, and opinions offered in this report are based upon the data and information available to ESi at the time of this report and may be subject to revision after the date of publication, as additional information or data becomes available. Copyright ESi © 2021 - All Rights Reserved Phone: 630-851-4566 | Fax: 630-851-4870 | Toll Free: 866-596-3994 www.engsys.com Tank Car Tank Damage Assessment Best Practices ESi Project No: 45117A Table of Contents Introduction ............................................................................................... 4 Problem .....................................................................................................................
    [Show full text]
  • [411000-AR] Datos Generales - Reporte Anual
    Clave de Cotización: FERROMX Fecha: 2019-12-31 [411000-AR] Datos generales - Reporte Anual Reporte Anual: Anexo N Oferta pública restringida: No Tipo de instrumento: Deuda LP Emisora extranjera: No Mencionar si cuenta o no con aval u otra garantía, Garantía Quirografaria del Emisor especificar la Razón o Denominación Social: En su caso, detallar la dependencia parcial o total: No 1 de 90 Clave de Cotización: FERROMX Fecha: 2019-12-31 [412000-N] Portada reporte anual FERROCARRIL MEXICANO, S.A. DE C.V. Bosque de Ciruelos 99, Bosques de las Lomas Delegación Miguel Hidalgo, C.P. 11700 México, D.F. 2 de 90 Clave de Cotización: FERROMX Fecha: 2019-12-31 Clave de cotización: FERROMX La mención de que los valores de la emisora se encuentran inscritos en el Registro: Los títulos se encuentran inscritos en el Registro Nacional de Valores Leyenda artículo 86 de la LMV: La inscripción en el Registro Nacional de Valores no implica certificación sobre la bondad de los valores, solvencia de la emisora o sobre la exactitud o veracidad de la información contenida en este Reporte anual, ni convalida los actos que, en su caso, hubieren sido realizados en contravención de las leyes. Leyenda Reporte Anual CUE: Reporte anual que se presenta de acuerdo con las disposiciones de carácter general aplicables a las emisoras de valores y a otros participantes del mercado Periodo que se presenta: Reporte anual que se presenta de acuerdo con las disposiciones de carácter general aplicables a las emisoras de valores y a otros participantes del mercado por el año terminado el 31 de diciembre de 2019.
    [Show full text]
  • In the Transportation Division
    SUSTAINABLE DEVELOPMENT TURNING COMMITMENT INTO REALITY ABOUT THIS REPORT We are pleased to present the Executive Summary of our eighth Sustainable Development Report; an example of trans- parent communication that Grupo México has prepared yearly since 2006. The report sets forth the performance of the Mining, Transportation, and Infrastructure Divisions in the three countries where we operate (Mexico, Peru, and the United States). The results of our economic, environmental, and social management are presented from a sustainability perspective, as are the most relevant activities from January through December 2013. The report was written according to the guidelines of the G3 version of the Global Reporting Initiative (GRI) and the mining supplement and based on the Principles of Inclusivity, Materiality, and Responsiveness defined by AccountAbil- ity AA1000APS (2008). Also, for the fifth time, we report the progress made within the framework of the UN Global Compact principles. Throughout the report, the business units and subsidiaries are indicated, and the mechanisms used to measure perfor- mance, calculate indicators, methodologies, and changes to information in terms of previous reports are mentioned. The information contained in the full version of the report was verified by an independent firm, according to the scope set in the Verification Letter. The report was also reviewed by the GRI, receiving the highest grade, “A+ GRI Checked”, for the fifth year in a row. We want to hear from you. Your valuable feedback contributes to our continual improvement. Please send comments to: [email protected]. For more information and to consult the 2013 Sustainable Development Report, and/or previous reports, visit our website: www.gmexico.com.
    [Show full text]
  • Grain Transportation Report a Weekly Publication of the Agricultural Marketing Service Contact Us October 11, 2018 WEEKLY HIGHLIGHTS
    Grain Transportation Report A weekly publication of the Agricultural Marketing Service www.ams.usda.gov/GTR Contact Us October 11, 2018 WEEKLY HIGHLIGHTS Flooding Stops Barge Traffic on Upper Mississippi River Contents Heavy rains and severe storms in Iowa, Illinois, Minnesota, Missouri, and Wisconsin, from June into October, have resulted in several instances of flooding through the region. As of October 10, the latest round of rain closed six locks on the Upper Mississippi River. Article/ The southern-most lock closure is at Lock 22, near Hannibal, MO, which has stopped all export-bound barge shipments originating Calendar from points north; including Minnesota, Iowa, Wisconsin, and parts of Missouri and Illinois. Forecasts from the National Weather Service indicate that water levels at Lock 22 will not recede to navigable levels, until October 23. Grain Transportation Railroad Congestion Stops Grain Crossings at Mexican Border Indicators Citing congestion across the Mexican rail network, Union Pacific Railroad (UP) and BNSF Railways (BNSF) recently issued embargoes for grain, oilseeds, and other traffic interchanging with Mexican carriers along the Texas-Mexico border. Embargoes are a Rail temporary restriction on the acceptance and handling of freight. UP announced slow interchanges with Kansas City Southern de Mexico (KCSM) have created severe congestion at the UP/KCSM interchange at Laredo, TX. Subsequently, it placed an embargo on southbound traffic through the congested area for intermodal, automotive, fuel, wheat, and corn traffic. Citing congestion at these Barge crossings, BNSF announced an embargo on all grain, soybeans, dried distillers grain, soybean meal, and corn syrup destined for interchange with Mexican railroad, Ferromex (FXE), at Eagle Pass and El Paso, TX.
    [Show full text]