OMAHA, Neb. — Union Pacific Corp.’s Board of Directors has approved plans to invest a total of $3.1 billion for capital projects during 2008.
The Company’s capital programs are designed to enhance safety, improve customer service, increase operating productivity and add network capacity to handle our customers’ growth. Major investment categories include:
- $1.6 billion to maintain and strengthen the track infrastructure,
- $840 million to increase network and terminal capacity,
- $490 million to upgrade our locomotive and freight car fleet, including the acquisition of 175 high-horsepower locomotives and new covered hoppers, and
- $170 million primarily to upgrade information technology systems, including the testing of positive train control, and other capital projects.
— Business Wire