Union Pacific lines to run X Train service in late 2013 Las Vegas Railway Express announced the signing of a conditional agreement to provide luxury passenger train service between Las Vegas, Nevada and Los Angeles, California over Union Pacific Railroad lines. This agreement is contingent upon LVRE fulfilling a variety of conditions in a specified time. Known as the "X Train," the service is currently scheduled for commencement in late 2013. Las Vegas Railway Express has signed a MOU with The Plaza Hotel & Casino on the Vegas strip for 3,100 square feet of space to be used for terminal operations with an additional 1,900 square feet for food preparation.
Union Pacific downgraded to Neutral from Outperform at Macquarie Macquarie downgraded Union Pacific to Neutral and lowered its price target to $95 form $105. The firm believes upcoming gas capacity will pressure rail growth in 2017-2018 and displaced coal volumes will be hard to overcome.