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Post Info TOPIC: Jim Vena: Union Pacific's $9 billion-man


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Jim Vena: Union Pacific's $9 billion-man
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http://trn.trains.com/news/news-wire/2019/01/09-union-pacific-stock-soards-as-investors-cheer-chief-operating-officer-pick

 

Jim Vena: Union Pacific's $9 billion-man

Railroad's stock price soars after announcement about Precision Scheduled Railroading-veteran's hire
 
OMAHA, Neb. Jim Vena is Union Pacifics $9 billion man.

OMAHA, Neb. Jim Vena is Union Pacifics $9 billion man.
No, thats not how much Vena will earn as the railroads new chief operating officer. Under the terms of his contract, hell earn a base salary of $600,000 and will be eligible for an annual cash bonus of up to $750,000.

But $9 billion is the value created by the jump in UPs stock price since Vena, a former Canadian National executive and E. Hunter Harrison protege, was named to lead UPs operations and its shift to Precision Scheduled Railroading.

UPs stock closed on Monday at $138.65 per share. After UPs late Monday announcement that Vena would become UPs chief operating officer on Jan. 14, the railroads stock shot up more than 6.5 percent in after-market trading. And it stood at $150.76 per share when the market closed on Tuesday, a gain of 8.7 percent.

The rise was UPs biggest single-day move since 2009 and is evidence that investors gained a jolt of confidence from having a veteran of Harrisons operating model in charge of UPs transition to an operating plan based on the principles of Precision Scheduled Railroading.

Several Wall Street analysts said the hiring of a PSR veteran would help UP avoid service disruptions and accelerate changes it began on Oct. 1 with its switch to the new Unified Plan 2020.

We were previously skeptical on UNPs likelihood of successfully implementing PSR and key to that skepticism was the absence of a C-suite manager with PSR experience, wrote RBC Capital Markets analyst Walter Spracklin. With a seasoned PSR veteran now in the COO role, we expect dramatic changes will occur at UNP.

This marks yet another milestone in the PSR chronicles at UNP, and puts the company one step closer to full network implementation by mid-2019 which is now clearly visible, Credit Suisse analyst Allison Landry said in a note. We think execution risk is diminished.

UP was already ahead of schedule with rolling out its new operating plan, which is in place on its Mid-America Corridor linking the Midwest and Chicago with the Gulf Coast and Mexico. UP is currently changing the train plan on its routes linking Southern California with Texas and Chicago. The third and final phase will cover routes in the Pacific Northwest.

 

 

 

So What about Cindy??

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-- Edited by Calvin on Thursday 10th of January 2019 10:12:13 AM

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Standing in the gauge, Cindy is thinking, "I can do it tomorrow, if I have to".

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Uncle Billy Richardson left Hinton one last trip and that was it.

Uke


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All ya need ta know about "Cindy" at Uncle Pete's outfit. She will do what she's told by bigs up the ladder

https://www.bloomberg.com/profiles/people/15171878-cynthia-m-sanborn

Make no mistake, Cindy is a force to be reckoned with!



-- Edited by Uke on Thursday 10th of January 2019 09:16:51 PM

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Hmm. That address doesnt look right.
It looks like the link pointing here was faulty.

Gah. Your tab just crashed.

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