Union Pacific Railroad announces leadership shakeup amid derailment crisis

Union Pacific Railroad (UPR) will find a caller CEO this twelvemonth aft awesome shareholders complained of mediocre information and profit metrics this month.

UPR is America's largest railroad operator, accounting for astir $120 cardinal successful marketplace capital. The institution announced Monday it will beryllium replacing existent CEO Lance Fritz by nan extremity of nan year. The announcement came conscionable days aft a starring shareholder urged nan institution to make nan move, according to The Wall Street Journal.

UPR's committee says it is presently gathering "highly-qualified candidates some wrong nan manufacture and adjacent industries."

UPR was dragged into caller turmoil complete train derailments past week aft 1 of its trains careened disconnected nan tracks successful Nebraska.

Union Pacific Railroad will find a caller CEO by nan extremity of nan year, nan company's committee announced Monday. (AP Photo/Ashley Landis, File / AP Newsroom)

Union Pacific Railroad will soon switch its existent CEO, Lance Fritz. (Getty Images)

Images from nan Nebraska derailment showed astir a twelve cars strewn crossed train tracks, but location were nary flames aliases smoke. Union Pacific Railroad says nan train was transporting coal, and location is nary denotation that nan clang poses a threat to locals.

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"At astir 1:45 a.m. CST today, astir 31 Union Pacific train cars carrying ember derailed adjacent Gothenburg, Nebraska," Union Pacific Railroad told Fox News Digital successful a statement. "No 1 was injured. The incident occurred astir 3 miles southeast of Gothenburg. Cleanup has begun, pinch dense instrumentality connected site.

"One of nan 3 mainline tracks adjacent nan derailment tract reopened to train postulation astatine astir 8 a.m. CST. The origin of nan incident is nether investigation," nan connection continued.

Union Pacific Railroad suffered a derailment successful Gothenburg, Nebraska past week. (Rebecca Kiger for The Washington Post via Getty Images / Getty Images)

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The incident was nan 3rd awesome train derailment successful arsenic galore weeks, pinch trains besides coming disconnected nan tracks successful East Palestine, Ohio and adjacent Detroit successful Michigan. Only nan Nebraska derailment was connected to UPR, however.