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UP - Union Pacific Corporation
UP - Union Pacific Corporation
06/21/2012 | Press release
Union Pacific Railroad Invests More Than $22 Million for Nebraska Infrastructure Improvements
distributed by noodls on 06/21/2012 11:24
Omaha, Neb., June 21, 2012- Union Pacific Railroad is enhancing Nebraska's transportation infrastructure by investing more than $22 million in the rail line that runs between O'Fallons and the Wyoming border. The project is in progress and is scheduled to be completed by mid-October.
The 150-mile project includes replacing about one mile of rail in various curves, installing 16 miles of new rail, as well as renewing the surfaces at 93 road crossings. In addition, crews will be replacing 93,400 ties and spreading 44,000 tons of rock ballast to help provide a more stable roadbed.
Union Pacific plans to invest $3.6 billion in its rail
network during 2012, supporting America's current and
future freight transportation needs and enhancing the
safety and efficiency of the railroad's 32,000-mile
network.
Union Pacific's capital and maintenance program exceeds
infrastructure spending of the state highway departments in
46 states. These are private investments, not taxpayer
dollars.
Improved and additional rail capacity benefits everyone. It allows freight rail service to grow, contributing to a cleaner environment. Union Pacific can move one ton of freight nearly 500 miles on a single gallon of diesel fuel, and, according to the U.S. Environmental Protection Agency, freight trains are nearly four times more fuel efficient than trucks. Motorists also benefit from reduced congestion on highways as a single Union Pacific train can remove up to 300 trucks off our roads.
About Union Pacific
It was 150 years ago that Abraham Lincoln signed the Pacific Railway Act of July 1, 1862, creating the original Union Pacific. One of America's iconic companies, today, Union Pacific Railroad is the principal operating company of Union Pacific Corporation (NYSE: UNP), linking 23 states in the western two-thirds of the country by rail and providing freight solutions and logistics expertise to the global supply chain. From 2000 through 2011, Union Pacific spent more than $31 billion on its network and operations, making needed investments in America's infrastructure and enhancing its ability to provide safe, reliable, fuel-efficient and environmentally responsible freight transportation. Union Pacific's diversified business mix includes Agricultural Products, Automotive, Chemicals, Energy, Industrial Products and Intermodal. The railroad serves many of the fastest-growing U.S. population centers and emphasizes excellent customer service. Union Pacific operates competitive routes 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.
