OMAHA, Neb. — Recent track improvements will allow Union Pacific Railroad to increase the speed of its trains in central and eastern Wisconsin communities, reducing motorist wait time at crossings. The speed will increase from 25 mph to 50 mph across Union Pacific’s 112-mile line between Milwaukee and Adams, Wis., the company said.
OMAHA, Neb. — Union Pacific Corp. announced that its Board of Directors voted to increase the quarterly dividend on the company’s common shares by 15 percent to 38 cents per share. The increased dividend is payable January 3, 2011, to stockholders of record on Nov. 30. “As we generate strong and growing free cash flow, we are returning more cash to our shareholders,” said Jim Young, Union Pacific chairman and chief executive officer. “UP’s strategy to operate a safe, productive, service-oriented railroad is delivering record results, allowing us to increase the dividend for the second time in 2010. For the