UP locomotive to honor Abraham Lincoln
Union Pacific marked Presidents Day by announcing plans for a locomotive to honor the nation's 16th president, Abraham Lincoln, who signed the legislation authorizing construction of the Transcontinental Railroad, leading to UP's creation.
The paint scheme of locomotive No. 1616 will feature 'the unique colors of Lincoln's era,' UP (NYSE: UNP) said in a press release. It also honors steam locomotive No. 119, one of the two engines participating in the Golden Spike ceremony at Promontory Summit, Utah, in 1869. The locomotive will be unveiled this spring.
'President Lincoln wanted to unite the nation, and through his actions, railroads were a catalyst for national growth, representing major advances in innovation and technology,' Chief Executive Jim Vena said. 'We're proud to be part of an industry that is still a major part of the central nervous system of the North American economy and continues to provide innovative solutions that unleash economic innovation.'
Before entering politics, Lincoln worked as a lawyer, representing the Illinois Central. He also represented the Alton & Sangamon Railroad, a forebear of the Chicago & Alton Railroad that ran in Illinois, according to the Abraham Lincoln Historical Society. The UP design echoes the Alton's colors.
The Lincoln locomotive will be the second honoring a president, joining No. 4141, honoring President George H.W. Bush. That locomotive was part of the Bush funeral train in 2018 and is now on permanent display at the George Bush Presidential Library and Museum in College Station, Texas.
The post UP locomotive to honor Abraham Lincoln appeared first on FreightWaves.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
24 minutes ago
- Yahoo
PepsiCo stops production at another Frito-Lay site
PepsiCo has halted production at a Frito-Lay processing plant in southern California after five decades of operations. In a brief statement, PepsiCo confirmed the end of manufacturing operations at its Rancho Cucamonga facility. However, warehouse, distribution and transport teams will continue to operate at the site. 'We are truly grateful for all the support over the last five decades from our Rancho Cucamonga manufacturing team as well as the local community. We are committed to supporting those impacted through this transition and we are offering pay and benefits to impacted employees,' the owner of Lay's potato chips-maker added. PepsiCo did not disclose the number of employees affected by the decision nor the specific products manufactured at the site. It remains unclear whether production will be shifted to other facilities or removed from the network. PepsiCo operates more than 30 Frito-Lay manufacturing plants across the US, also producing brands such as Cheetos, Doritos and Fritos. Earlier this year, the company closed a Frito-Lay plant in Liberty, New York, resulting in 287 staff being laid off. In May last year, PepsiCo reduced the workforce by one-third at a facility in Middletown, New York. In the first quarter ending 22 March, PepsiCo Foods North America, which includes Frito-Lay and Quaker Foods, generated net revenue of $6.21bn, a 2% decline from the same period in 2024. It accounted for approximately 34.7% of PepsiCo's total net revenue of $17.91bn. In the management commentary released alongside the results in April, top PepsiCo executives said its savoury snack performance, primarily Frito-Lay, remained 'subdued'. The company intends to prioritise 'disciplined commercial initiatives' in North America. For PepsiCo's North American food division, these efforts involve 'optimising and right-sizing' the supply chain and market delivery network, 'increasing transportation and logistics efficiencies' and 'tightly managing' operational expenses throughout the value chain. "PepsiCo stops production at another Frito-Lay site " was originally created and published by Just Food, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28 minutes ago
- Yahoo
Air India 787-8 accident - What we know so far
-- A Boeing (NYSE:BA) 787-8 operated by Air India crashed shortly after takeoff from Ahmedabad on Thursday, raising questions about engine performance as investigators begin examining the cause of the fatal accident. The aircraft, powered by GE Aerospace's GEnx-1B engines, went down just beyond the airport perimeter following a mayday call, according to Directorate General of Civil Aviation, India's aviation body. There were no reports of adverse weather, and both pilots, identified as Captain Sumit Sabharwal and First Officer Clive Kundar, were experienced. Flight tracking data showed a sluggish climb followed by a sudden descent, consistent with a potential engine failure. Aviation experts cited in local media have raised the possibility of a bird strike affecting one or both engines. GE is reportedly sending a technical team to support the investigation, CNBC India reported. The nearly 14-year-old aircraft entered service in 2011 and had no known history of serious incidents. While Boeing's 787 Dreamliner and the GEnx engine have generally maintained strong safety records, the crash has drawn scrutiny to both amid rising focus on aviation safety in the industry. Structural concerns related to fuselage joins on some 787s and unrelated component issues reported in the past are not believed to be linked to this crash, according to Bernstein analysts. The aircraft's maintenance history has not yet been disclosed. Authorities have begun an official investigation to determine the cause of the crash. Related articles Air India 787-8 accident - What we know so far Brookfield Infrastructure reportedly acquiring Hotwire for $7 billion Nvidia GTC Paris is 'another bullish proof point' long term - Morgan Stanley
Yahoo
29 minutes ago
- Yahoo
Realty Income Announces 131st Consecutive Monthly Dividend Increase
Realty Income Corporation (NYSE:O) is one of the best stocks for a . On June 10, the company announced a slight increase in its monthly cash dividend on common stock, raising it from $0.2685 to $0.2690 per share. This dividend will be paid on July 15, 2025, to shareholders of record as of July 1, 2025. The adjustment brings the annualized dividend to $3.228 per share, up from $3.222. Sumit Roy, Realty Income Corporation (NYSE:O)'s President and Chief Executive Officer, made the following comment: "The quality and diversification of Realty Income's portfolio allows us to provide investors reliable monthly dividends that increase over time. I'm pleased to share that today's declaration marks the 131st dividend increase since our NYSE listing 30 years ago. During times of market uncertainty, Realty Income remains committed to delivering investors predictable income streams." A member of the S&P index and the S&P Dividend Aristocrats index, Realty Income Corporation (NYSE:O) was founded in 1969 and owns a diversified portfolio of over 15,600 commercial properties across all 50 US states, the U.K., and six additional European countries as of March 31, 2025. The company is recognized for its consistent monthly dividends, having declared 660 in a row, with annual increases for the past 30 years. While we acknowledge the potential of O as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
