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
- What Website Resources Are Most Important to You? Send Us Your Suggestions
- Local 1258 Earns an “A” for Inaugural Backpack Drive
- Local 1741 Ratifies Trio of Strong Agreements
- Cheaper to Burn Bridges than Inspect Them: Documentary Reveals Railroad Negligence
- Union Pacific Deemed “Serial Violator” of FRSA, OSHA Slaps Railroad with Hefty Penalty
- Make Plans to Attend a Regional Training Seminar Today!
- Tenacity Yields Strong Contract for Local 1909 School Bus Drivers
- Natick Station Reopens in Massachusetts
- Is Your Family Paying the Price for Your Job?
- Transit Funding Crisis Deepens