On Election Day, Seattle-area voters approved the massive Sound Transit 3 (ST3) proposition, which adds rapid bus service lines and 64 miles of light rail to the region's transportation network for the bargain price of $54 billion.
Unnecessary $54 Billion Transit Package Passes Easily in Seattle - Hit & Run : Reason.com
Tuesday, November 22, 2016
Thursday, October 6, 2016
Port Miami Tunnel closing to guard against flooding by Hurricane Matthew | Miami Herald
For the first time since it opened two years ago, the Port Miami Tunnel plans to close its watertight gates Wednesday afternoon as a precaution against a tidal flood from Hurricane Matthew.
The planned closure of the new underwater link between the MacArthur Causeway and Port Miami may be the most dramatic step yet for a county government preparing for a glancing blow from a fierce storm expected to directly threaten Florida cities north of the Miami area. Miami-Dade Mayor Carlos Gimenez said Wednesday that local officials aren’t planning any coastal evacuations, which are required for severe threats of tidal surge.
Read more here: http://www.miamiherald.com/news/weather/hurricane/article106124387.html#storylink=cpy
Port Miami Tunnel closing to guard against flooding by Hurricane Matthew | Miami Herald
Tuesday, October 4, 2016
Seven-year reconstruction of Palmetto and Dolphin expressway interchange is done
Miami-Dade’s beleaguered auto commuters might finally have something to be happy about: It’s finished. “It” meaning the insanely complex, seemingly endless reconstruction of the State Road 836/Palmetto Expressway interchange.
Some skepticism is understandable, but it’s here in a news release: The Florida Department of Transportation and the Miami-Dade Expressway Authority, who collaborated on the sprawling project, said on Monday that it’s officially complete, as of Sept. 27.
Read more here: http://www.miamiherald.com/news/traffic/article105759936.html#storylink=cpy
http://www.miamiherald.com/news/traffic/article105759936.html
Wednesday, August 31, 2016
Friday, August 26, 2016
Wednesday, June 1, 2016
Union Pacific Plans to Invest $34.6 Million in its Oregon Rail Infrastructure
From Union Pacific:
Union Pacific Plans to Invest $34.6 Million in its Oregon Rail Infrastructure
ROSEVILLE, CALIF., JUNE 1, 2016
Union Pacific plans to invest $34.6 million in 2016 to improve Oregon's transportation infrastructure. The company's multi-million dollar private investment will enhance employee, community and customer safety and increase rail operating efficiency. Freight railroads like Union Pacific operate on track built and maintained without taxpayer funds. Union Pacific's private investments sustain jobs and ensure the company meets growing demand for products used in the American economy.
Union Pacific's planned investment covers a range of initiatives: $28.5 million to maintain railroad track and $3.8 million to maintain bridges in the state. Key projects planned this year include:
- $4.5 million investment in the rail line between Chemult and Oakridge to replace 33,372 railroad ties.
- $3.6 million investment in the rail line between Bridal Veil and Hood River to replace 28,342 railroad ties.
- $3.2 million investment in the rail line between Stanfield and La Grande to replace almost 4 miles of curve rail.
This year's planned $34.6 million capital expenditure in Oregon is part of an ongoing investment strategy. From 2011 to 2015 Union Pacific invested more than $193 million strengthening Oregon's transportation infrastructure.
"We constantly evaluate our customers' needs to make targeted investments that enhance our efficiency and deliver the goods American businesses and families use daily," said Wes Lujan, Union Pacific vice president - Public Affairs, Western Region. "Continuing to aggressively invest in our infrastructure is an important element in Union Pacific's unwavering safety commitment."
Union Pacific plans to spend $3.75 billion across its network this year, following investments totaling approximately $33 billion from 2006-2015. These investments contributed to a 25 percent decrease in derailments over the last 10 years.
ABOUT UNION PACIFIC
Union Pacific Railroad is the principal operating company of Union Pacific Corporation (NYSE: UNP). One of America's most recognized companies, Union Pacific Railroad connects 23 states in the western two-thirds of the country by rail, providing a critical link in the global supply chain. From 2006-2015, Union Pacific invested approximately $33 billion in its network and operations to support America's transportation infrastructure. The railroad's diversified business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Union Pacific serves many of the fastest-growing U.S. population centers, operates from all major West Coast and Gulf Coast ports to eastern gateways, connects with Canada's rail systems and is the only railroad serving all six major Mexico gateways. Union Pacific provides value to its roughly 10,000 customers by delivering products in a safe, reliable, fuel-efficient and environmentally responsible manner.
The statements and information contained in the news releases provided by Union Pacific speak only as of the date issued. Such information by its nature may become outdated, and investors should not assume that the statements and information contained in Union Pacific's news releases remain current after the date issued. Union Pacific makes no commitment, and disclaims any duty, to update any of this information.
Tuesday, May 31, 2016
Union Pacific Plans to Invest $35.8 Million in its Idaho Rail Infrastructure
From Union Pacific:
Union Pacific Plans to Invest $35.8 Million in its Idaho Rail Infrastructure
ROSEVILLE, CALIF., MAY 31, 2016
Union Pacific plans to invest $35.8 million in 2016 to improve Idaho's transportation infrastructure. The company's multi-million dollar private investment will enhance employee, community and customer safety and increase rail operating efficiency. Freight railroads like Union Pacific operate on track built and maintained without taxpayer funds. Union Pacific's private investments sustain jobs and ensure the company meets growing demand for products used in the American economy.
Union Pacific's planned investment covers a range of initiatives: $34.9 million to maintain railroad track and $883 thousand to maintain bridges in the state. Key projects planned this year include:
- $3.3 million investment in the rail line in Pocatello to replace 27,704 railroad ties.
- $8.2 million investment in the rail line between Mountain Home and Boise to replace 60,510 railroad ties.
- $4.2 million investment in the rail line along the Pocatello Subdivision and within the Pocatello Yard to replace 3 miles of rail and 24,000 railroad ties.
This year's planned $35.8 million capital expenditure in Idaho is part of an ongoing investment strategy. From 2011 to 2015 Union Pacific invested more than $135 million strengthening Idaho's transportation infrastructure.
"We constantly evaluate our customers' needs to make targeted investments that enhance our efficiency and deliver the goods American businesses and families use daily," said Wes Lujan, Union Pacific vice president - Public Affairs, Western Region. "Continuing to aggressively invest in our infrastructure is an important element in Union Pacific's unwavering safety commitment."
Union Pacific plans to spend $3.75 billion across its network this year, following investments totaling approximately $33 billion from 2006-2015. These investments contributed to a 25 percent decrease in derailments over the last 10 years.
ABOUT UNION PACIFIC
Union Pacific Railroad is the principal operating company of Union Pacific Corporation (NYSE: UNP). One of America's most recognized companies, Union Pacific Railroad connects 23 states in the western two-thirds of the country by rail, providing a critical link in the global supply chain. From 2006-2015, Union Pacific invested approximately $33 billion in its network and operations to support America's transportation infrastructure. The railroad's diversified business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Union Pacific serves many of the fastest-growing U.S. population centers, operates from all major West Coast and Gulf Coast ports to eastern gateways, connects with Canada's rail systems and is the only railroad serving all six major Mexico gateways. Union Pacific provides value to its roughly 10,000 customers by delivering products in a safe, reliable, fuel-efficient and environmentally responsible manner.
The statements and information contained in the news releases provided by Union Pacific speak only as of the date issued. Such information by its nature may become outdated, and investors should not assume that the statements and information contained in Union Pacific's news releases remain current after the date issued. Union Pacific makes no commitment, and disclaims any duty, to update any of this information.
Friday, May 27, 2016
Union Pacific Plans to Invest $37.5 Million in its Iowa Rail Infrastructure
From Union Pacific:
Union Pacific Plans to Invest $37.5 Million in its Iowa Rail Infrastructure
OMAHA, NEBRASKA, MAY 27, 2016
Union Pacific plans to invest $37.5 million in 2016 to improve Iowa's transportation infrastructure. The company's multi-million dollar private investment will enhance employee, community and customer safety and increase rail operating efficiency. Freight railroads like Union Pacific operate on track built and maintained without taxpayer funds. Union Pacific's private investments sustain jobs and ensure the company meets growing demand for products used in the American economy.
Union Pacific's planned investment covers a range of initiatives: $30.7 million to maintain railroad track and $6.7 million to maintain bridges in the state. Key projects planned this year include:
- A $5 million investment between Nevada and Boone to undercutting 30 miles of track. In this process, an undercutter machine cleans rock ballast to remove mud and debris and facilitate proper drainage.
- A $5 million investment in the rail line between Mechanicsville and Blairstown through south Cedar Rapids to replace nearly 38,000 railroad ties.
- A $4.1 million investment in the rail line between Ogden and Carroll to replace more than 22,000 railroad ties.
This year's planned $37.5 million capital expenditure in Iowa is part of an ongoing investment strategy. From 2011 to 2015 Union Pacific invested more than $184 million strengthening Iowa's transportation infrastructure.
"We constantly evaluate our customers' needs to make targeted investments that enhance our efficiency and deliver the goods American businesses and families use daily," said Donna Kush, Union Pacific vice president - Public Affairs, Northern Region. "Continuing to aggressively invest in our infrastructure is an important element in Union Pacific's unwavering safety commitment."
Union Pacific plans to spend $3.675 billion across its network this year, following investments totaling approximately $33 billion from 2006-2015. These investments contributed to a 25 percent decrease in derailments over the last 10 years.
ABOUT UNION PACIFIC
Union Pacific Railroad is the principal operating company of Union Pacific Corporation (NYSE: UNP). One of America's most recognized companies, Union Pacific Railroad connects 23 states in the western two-thirds of the country by rail, providing a critical link in the global supply chain. From 2006-2015, Union Pacific invested approximately $33 billion in its network and operations to support America's transportation infrastructure. The railroad's diversified business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Union Pacific serves many of the fastest-growing U.S. population centers, operates from all major West Coast and Gulf Coast ports to eastern gateways, connects with Canada's rail systems and is the only railroad serving all six major Mexico gateways. Union Pacific provides value to its roughly 10,000 customers by delivering products in a safe, reliable, fuel-efficient and environmentally responsible manner.
The statements and information contained in the news releases provided by Union Pacific speak only as of the date issued. Such information by its nature may become outdated, and investors should not assume that the statements and information contained in Union Pacific's news releases remain current after the date issued. Union Pacific makes no commitment, and disclaims any duty, to update any of this information.
Thursday, May 26, 2016
Union Pacific Plans to Invest $37.7 Million in its Arizona Rail Infrastructure
From Union Pacific:
Union Pacific Plans to Invest $37.7 Million in its Arizona Rail Infrastructure
ROSEVILLE, CALIF., MAY 25, 2016
Union Pacific plans to invest $37.7 million in 2016 to improve Arizona's transportation infrastructure. The company's multi-million dollar private investment will enhance employee, community and customer safety and increase rail operating efficiency. Freight railroads like Union Pacific operate on track built and maintained without taxpayer funds. Union Pacific's private investments sustain jobs and ensure the company meets growing demand for products used in the American economy.
Union Pacific's planned investment covers a range of initiatives: $29 million to maintain railroad track and $7.3 million to maintain bridges in the state. Key projects planned this year include:
- $17.6 million investment in the rail line between Yuma and Casa Grande to replace 180,099 railroad ties.
- $5.1 million investment in the rail line between Vail, Arizona, and El Paso, Texas, to replace 25,756 railroad ties and almost 3 miles of curve rail.
This year's planned $37.7 million capital expenditure in Arizona is part of an ongoing investment strategy. From 2011 to 2015 Union Pacific invested more than $107 million strengthening Arizona's transportation infrastructure.
"We constantly evaluate our customers' needs to make targeted investments that enhance our efficiency and deliver the goods American businesses and families use daily," said Wes Lujan, Union Pacific vice president - Public Affairs, Western Region. "Continuing to aggressively invest in our infrastructure is an important element in Union Pacific’s unwavering safety commitment."
Union Pacific plans to spend $3.75 billion across its network this year, following investments totaling approximately $33 billion from 2006-2015. These investments contributed to a 25 percent decrease in derailments over the last 10 years.
ABOUT UNION PACIFIC
Union Pacific Railroad is the principal operating company of Union Pacific Corporation (NYSE: UNP). One of America's most recognized companies, Union Pacific Railroad connects 23 states in the western two-thirds of the country by rail, providing a critical link in the global supply chain. From 2006-2015, Union Pacific invested approximately $33 billion in its network and operations to support America's transportation infrastructure. The railroad's diversified business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Union Pacific serves many of the fastest-growing U.S. population centers, operates from all major West Coast and Gulf Coast ports to eastern gateways, connects with Canada's rail systems and is the only railroad serving all six major Mexico gateways. Union Pacific provides value to its roughly 10,000 customers by delivering products in a safe, reliable, fuel-efficient and environmentally responsible manner.
The statements and information contained in the news releases provided by Union Pacific speak only as of the date issued. Such information by its nature may become outdated, and investors should not assume that the statements and information contained in Union Pacific's news releases remain current after the date issued. Union Pacific makes no commitment, and disclaims any duty, to update any of this information.
Wednesday, May 25, 2016
Union Pacific Plans to Invest $54 Million in its Missouri Rail Infrastructure
From Union Pacific:
Union Pacific Plans to Invest $54 Million in its Missouri Rail Infrastructure
OMAHA, NEBRASKA, MAY 24, 2016
Union Pacific plans to invest $54 million in 2016 to improve Missouri's transportation infrastructure. The company's multi-million dollar private investment will enhance employee, community and customer safety and increase rail operating efficiency. Freight railroads like Union Pacific operate on track built and maintained without taxpayer funds. Union Pacific's private investments sustain jobs and ensure the company meets growing demand for products used in the American economy.
Union Pacific's planned investment covers a range of initiatives: $38.7 million to maintain railroad track and $15.5 million to maintain bridges in the state. Key projects planned this year include:
- A $9.6 million investment between Annapolis and Poplar Bluff to replace nearly 71,000 railroad ties and install 29,000 tons of ballast.
- A $9.1 million investment between Valley Park, Pacific, Washington and Jefferson City to replace more than 70,000 railroad ties and install 22,000 tons of ballast.
This year's planned $54 million capital expenditure in Missouri is part of an ongoing investment strategy. From 2011 to 2015 Union Pacific invested nearly $195 million strengthening Missouri's transportation infrastructure.
"We constantly evaluate our customers' needs to make targeted investments that enhance our efficiency and deliver the goods American businesses and families use daily," said Donna Kush, Union Pacific vice president - Public Affairs, Northern Region. "Continuing to aggressively invest in our infrastructure is an important element in Union Pacific's unwavering safety commitment."
Union Pacific plans to spend $3.675 billion across its network this year, following investments totaling approximately $33 billion from 2006-2015. These investments contributed to a 25 percent decrease in derailments over the last 10 years.
ABOUT UNION PACIFIC
Union Pacific Railroad is the principal operating company of Union Pacific Corporation (NYSE: UNP). One of America's most recognized companies, Union Pacific Railroad connects 23 states in the western two-thirds of the country by rail, providing a critical link in the global supply chain. From 2006-2015, Union Pacific invested approximately $33 billion in its network and operations to support America's transportation infrastructure. The railroad's diversified business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Union Pacific serves many of the fastest-growing U.S. population centers, operates from all major West Coast and Gulf Coast ports to eastern gateways, connects with Canada's rail systems and is the only railroad serving all six major Mexico gateways. Union Pacific provides value to its roughly 10,000 customers by delivering products in a safe, reliable, fuel-efficient and environmentally responsible manner.
The statements and information contained in the news releases provided by Union Pacific speak only as of the date issued. Such information by its nature may become outdated, and investors should not assume that the statements and information contained in Union Pacific's news releases remain current after the date issued. Union Pacific makes no commitment, and disclaims any duty, to update any of this information.
Sunday, May 22, 2016
Union Pacific Plans to Invest $58 Million in its Louisiana Rail Infrastructure
From Union Pacific:
Union Pacific Plans to Invest $58 Million in its Louisiana Rail Infrastructure
SPRING, TEXAS, MAY 20, 2016
Union Pacific plans to invest $58 million in 2016 to improve Louisiana's transportation infrastructure. The company's multi-million dollar private investment will enhance employee, community and customer safety and increase rail operating efficiency. Freight railroads like Union Pacific operate on track built and maintained without taxpayer funds. Union Pacific's private investments sustain jobs and ensure the company meets growing demand for products used in the American economy.
Union Pacific's planned investment covers a range of initiatives: $52 million to maintain railroad track and $6 million to maintain bridges in the state. Key projects planned this year include:
- $13 million investment in the rail line between Iowa and Sulphur to replace 29 miles of rail.
- $6 million investment in the rail line between Dequincy and Kinder to replace 44,140 railroad ties and install 22,144 tons of rock ballast.
- $6 million investment in the rail line between Lawtell and Livonia to replace 42,525 railroad ties and install 22,666 tons of rock ballast.
This year's planned $58 million capital expenditure in Louisiana is part of an ongoing investment strategy. From 2011 to 2015, Union Pacific invested more than $619 million strengthening Louisiana's transportation infrastructure.
"We constantly evaluate our customers' needs to make targeted investments that enhance our efficiency and deliver the goods American businesses and families use daily," said Brenda Mainwaring, Union Pacific vice president - Public Affairs, Southern Region. "Continuing to aggressively invest in our infrastructure is an important element in Union Pacific's unwavering safety commitment."
Union Pacific plans to spend $3.75 billion across its network this year, following investments totaling approximately $33 billion from 2006-2015. These investments contributed to a 25 percent decrease in derailments over the last 10 years.
ABOUT UNION PACIFIC
Union Pacific Railroad is the principal operating company of Union Pacific Corporation (NYSE: UNP). One of America's most recognized companies, Union Pacific Railroad connects 23 states in the western two-thirds of the country by rail, providing a critical link in the global supply chain. From 2006-2015, Union Pacific invested approximately $33 billion in its network and operations to support America's transportation infrastructure. The railroad's diversified business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Union Pacific serves many of the fastest-growing U.S. population centers, operates from all major West Coast and Gulf Coast ports to eastern gateways, connects with Canada's rail systems and is the only railroad serving all six major Mexico gateways. Union Pacific provides value to its roughly 10,000 customers by delivering products in a safe, reliable, fuel-efficient and environmentally responsible manner.
The statements and information contained in the news releases provided by Union Pacific speak only as of the date issued. Such information by its nature may become outdated, and investors should not assume that the statements and information contained in Union Pacific's news releases remain current after the date issued. Union Pacific makes no commitment, and disclaims any duty, to update any of this information.
Friday, May 20, 2016
Union Pacific Plans to Invest $70.9 Million in its Colorado Rail Infrastructure
Union Pacific Plans to Invest $70.9 Million in its Colorado Rail Infrastructure
OMAHA, NEBRASKA, MAY 18, 2016
Union Pacific plans to invest $70.9 million in 2016 to improve Colorado's transportation infrastructure. The company's multi-million dollar private investment will enhance employee, community and customer safety and increase rail operating efficiency. Freight railroads like Union Pacific operate on track built and maintained without taxpayer funds. Union Pacific's private investments sustain jobs and ensure the company meets growing demand for products used in the American economy.
Union Pacific's planned investment covers a range of initiatives: $67 million to maintain railroad track and $3.4 million to maintain bridges in the state. Key projects planned this year include:
- A $16.7 million investment between Garden City, Greeley and Windsor to replace 36 miles of rail.
- A $5.9 million investment in the rail line between Columbine, Castle Rock and Palmer Lake to replace more than 43,000 railroad ties and install 29,000 tons of ballast.
- A $5.6 million investment in the rail line between Pueblo and Trinidad to replace more than 31,000 railroad ties and install 23,900 tons of ballast.
This year's planned $70.9 million capital expenditure in Colorado is part of an ongoing investment strategy. From 2011 to 2015 Union Pacific invested nearly $123 million strengthening Colorado's transportation infrastructure.
"We constantly evaluate our customers' needs to make targeted investments that enhance our efficiency and deliver the goods American businesses and families use daily," said Donna Kush, Union Pacific vice president - Public Affairs, Northern Region. "Continuing to aggressively invest in our infrastructure is an important element in Union Pacific's unwavering safety commitment."
Union Pacific plans to spend $3.675 billion across its network this year, following investments totaling approximately $33 billion from 2006-2015. These investments contributed to a 25 percent decrease in derailments over the last 10 years.
ABOUT UNION PACIFIC
Union Pacific Railroad is the principal operating company of Union Pacific Corporation (NYSE: UNP). One of America's most recognized companies, Union Pacific Railroad connects 23 states in the western two-thirds of the country by rail, providing a critical link in the global supply chain. From 2006-2015, Union Pacific invested approximately $33 billion in its network and operations to support America's transportation infrastructure. The railroad's diversified business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Union Pacific serves many of the fastest-growing U.S. population centers, operates from all major West Coast and Gulf Coast ports to eastern gateways, connects with Canada's rail systems and is the only railroad serving all six major Mexico gateways. Union Pacific provides value to its roughly 10,000 customers by delivering products in a safe, reliable, fuel-efficient and environmentally responsible manner.
The statements and information contained in the news releases provided by Union Pacific speak only as of the date issued. Such information by its nature may become outdated, and investors should not assume that the statements and information contained in Union Pacific's news releases remain current after the date issued. Union Pacific makes no commitment, and disclaims any duty, to update any of this information.
Thursday, May 19, 2016
UP: Union Pacific and Katoen Natie Announce Dallas to Dock Service
Union Pacific and Katoen Natie today announced their new Dallas to Dock service that provides plastic producers with a low cost export solution for plastic pellets, expanding their reach overseas.
The Dallas to Dock service transports plastic pellets in hopper cars from the Gulf region and ships the product to Dallas, where the pellets are packaged and transferred into intermodal containers. The containers then travel to ocean ports via Union Pacific’s premium intermodal service.
UP: Union Pacific and Katoen Natie Announce Dallas to Dock Service
Wednesday, May 18, 2016
Union Pacific Plans to Invest $70 Million in its Kansas Rail Infrastructure
From Union Pacific:
Union Pacific Plans to Invest $70 Million in its Kansas Rail Infrastructure
OMAHA, NEBRASKA, MAY 12, 2016
Union Pacific plans to invest $70.9 million in 2016 to improve Kansas' transportation infrastructure. The company's multi-million dollar private investment will enhance employee, community and customer safety and increase rail operating efficiency. Freight railroads like Union Pacific operate on track built and maintained without taxpayer funds. Union Pacific's private investments sustain jobs and ensure the company meets growing demand for products used in the American economy.
Union Pacific's planned investment covers a range of initiatives: $65 million to maintain railroad track and $5.7 million to maintain bridges in the state. Key projects planned this year include:
- $9.2 million investment in the rail line between Kansas City, Leavenworth and Hiawatha to replace more than 67,000 railroad ties and install 44,080 tons of rock ballast.
- $6.1 million investment in the rail line between Atchison and Huron to replace 12 miles of rail.
This year's planned $70.9 million capital expenditure in Kansas is part of an ongoing investment strategy. From 2011 to 2015 Union Pacific invested more than $262 million strengthening Kansas' transportation infrastructure.
"We constantly evaluate our customers' needs to make targeted investments that enhance our efficiency and deliver the goods American businesses and families use daily," said Donna Kush, Union Pacific vice president - Public Affairs, Northern Region. "Continuing to aggressively invest in our infrastructure is an important element in Union Pacific’s unwavering safety commitment."
Union Pacific plans to spend $3.675 billion across its network this year, following investments totaling approximately $33 billion from 2006-2015. These investments contributed to a 25 percent decrease in derailments over the last 10 years.
ABOUT UNION PACIFIC
Union Pacific Railroad is the principal operating company of Union Pacific Corporation (NYSE: UNP). One of America's most recognized companies, Union Pacific Railroad connects 23 states in the western two-thirds of the country by rail, providing a critical link in the global supply chain. From 2006-2015, Union Pacific invested approximately $33 billion in its network and operations to support America's transportation infrastructure. The railroad's diversified business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Union Pacific serves many of the fastest-growing U.S. population centers, operates from all major West Coast and Gulf Coast ports to eastern gateways, connects with Canada's rail systems and is the only railroad serving all six major Mexico gateways. Union Pacific provides value to its roughly 10,000 customers by delivering products in a safe, reliable, fuel-efficient and environmentally responsible manner.
The statements and information contained in the news releases provided by Union Pacific speak only as of the date issued. Such information by its nature may become outdated, and investors should not assume that the statements and information contained in Union Pacific's news releases remain current after the date issued. Union Pacific makes no commitment, and disclaims any duty, to update any of this information.
Union Pacific Plans to Invest $78.6 Million in its Nebraska Rail Infrastructure
From Union Pacific:
Union Pacific Plans to Invest $78.6 Million in its Nebraska Rail Infrastructure
OMAHA, NEBRASKA, MAY 11, 2016
Union Pacific plans to invest $78.6 million in 2016 to improve Nebraska's transportation infrastructure. The company's multi-million dollar private investment will enhance employee, community and customer safety and increase rail operating efficiency. Freight railroads like Union Pacific operate on track built and maintained without taxpayer funds. Union Pacific's private investments sustain jobs and ensure the company meets growing demand for products used in the American economy.
Union Pacific's planned investment covers a range of initiatives: $71 million to maintain railroad track and $7.5 million to maintain bridges in the state. Key projects planned this year include:
- $10.5 million investment between Fremont, Columbus and Silver Creek undercutting 62 miles of track. In this process, a team of track professionals work with special equipment to remove mud and debris and clean the ballast (rock foundation), which facilitates proper drainage and an improved track structure.
- $6.3 million investment in the rail line between Sutherland, Oshkosh and Broadwater to replace more than 35,000 railroad ties.
- $5.9 million investment between Overton, Lexington and Gothenburg undercutting 35 miles of track.
This year's planned $78.6 million capital expenditure in Nebraska is part of an ongoing investment strategy. From 2011 to 2015 Union Pacific invested nearly $200 million strengthening Nebraska's transportation infrastructure.
"We constantly evaluate our customers' needs to make targeted investments that enhance our efficiency and deliver the goods American businesses and families use daily," said Donna Kush, Union Pacific vice president - Public Affairs, Northern Region. "Continuing to aggressively invest in our infrastructure is an important element in Union Pacific's unwavering safety commitment."
Union Pacific plans to spend $3.675 billion across its network this year, following investments totaling approximately $33 billion from 2006-2015. These investments contributed to a 25 percent decrease in derailments over the last 10 years.
ABOUT UNION PACIFIC
Union Pacific Railroad is the principal operating company of Union Pacific Corporation (NYSE: UNP). One of America's most recognized companies, Union Pacific Railroad connects 23 states in the western two-thirds of the country by rail, providing a critical link in the global supply chain. From 2006-2015, Union Pacific invested approximately $33 billion in its network and operations to support America's transportation infrastructure. The railroad's diversified business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Union Pacific serves many of the fastest-growing U.S. population centers, operates from all major West Coast and Gulf Coast ports to eastern gateways, connects with Canada's rail systems and is the only railroad serving all six major Mexico gateways. Union Pacific provides value to its roughly 10,000 customers by delivering products in a safe, reliable, fuel-efficient and environmentally responsible manner.
The statements and information contained in the news releases provided by Union Pacific speak only as of the date issued. Such information by its nature may become outdated, and investors should not assume that the statements and information contained in Union Pacific's news releases remain current after the date issued. Union Pacific makes no commitment, and disclaims any duty, to update any of this information.
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