Union Pacific’s new CEO won’t forego cuts as he works to improve safety and service at the railroad

OMAHA, Neb. (AP) — Union Pacific’s new CEO came into the job last month with a reputation for cost-cutting. Jim Vena said Tuesday that he won’t shy away from that, but no one should expect the kind of sweeping changes he made when he first oversaw the railroad’s operations a few years ago. Vena told investors he’s focused on improving safety and service and making sure Union Pacific’s operations are steadily improving. Right now that means Vena is looking closely over the shoulder of UP’s chief operating officer as he tries to rid the railroad of past mistakes. Regulators will likely welcome Vena’s focus on safety.