Union Pacific will increase its capital spending by 25 percent to $3.25 billion in 2011, reports the Journal of Commerce.
UP capital exenditures in 2010 totaled $2.6 billion.
UP said it will be purchasing as many as 200 new locomotives in 2011, upgrade numerous corridors to accommodate double-stack container cars, and replace a 100-year-old bridge across the Mississippi River at Clinton, Iowa, the Journal of Commerce reported.
Related News
- Rep. Eric Burlison is attacking FRA’s 2PC rule. Help stop him.
- CPKC drags feet on attendance and sick leave negotiations
- Overflow room block obtained for SMART-TD NTS attendees
- Ukrainian rail workers need our assistance
- Union Pacific corrupts FRA safety survey, involved members should call UP ethics hotline
- DIPP assessments drop to 32 cents per dollar of daily benefit coverage
- Colorado SLD: Ulterior motives fueled editorial regarding rail safety bill
- BLET buys into Ancora’s promises
- SMART GC Ellis issues statement on LACMTA’s emergency procurement declaration to acquire barriers
- SMART-TD maintains support of current NS leadership