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
- Union Mourns the Loss of Brother Charles Harrison
- FRA Issues Grade-Crossing Safety Advisory
- Amtrak To Give SMART-TD Members Holiday Bonuses
- SEPTA Strike Avoided: Strong Agreement Secured
- Posthumous Retirement Ceremony Honors Lost Brother
- SMART-TD: Built by Members, Driven by Your Voice
- Conductor, Volunteer Firefighter Injured and Needs our Help
- FRA Doubles Our Risk By Reducing Track Inspections
- Value of Unions
- New Mass. Law Protects SMART-TD Transit Members