Union Pacific Railroad Invests More Than $13 Million for Track Improvements to Its Utah Line from Provo to Lynndyl
Roseville, Calif., August 23, 2011 Union Pacific Railroad will continue improving the transportation infrastructure in Utah with an investment of more than $13 million to enhance the rail line that runs from Provo to Lynndyl. The more than 84-mile project includes removing and installing more than 106,000 ties, renewing the surfaces at 88 road crossings and replacing more than one mile of rail in various curves. Crews will also spread 72,000 tons of rock ballast to help provide a more stable roadbed.
Union Pacific plans to invest approximately $3.3 billion in capital during 2011, which supports America's current and future freight transportation needs and enhances the safety and efficiency of the railroad's 32,000-mile network. This improvement project is just one of many examples of Union Pacific's continuing efforts to support its customers' business through capital investments.
According to the Association of American Railroads, America's largest railroads keep pace with the top nine states in terms of highway spending, and they do it with private, not taxpayer, money. In 2010, capital spending by Class I railroads totaled $9.8 billion, and the industry plans to spend $12 billion during 2011. All told, freight rail companies have invested $480 billion to maintain and modernize the national rail network since 1980.
Improved and additional rail capacity benefits everyone. It allows freight rail service to grow, helping to build 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
Union Pacific Corporation owns one of America's leading transportation companies. Its principal operating company, Union Pacific Railroad, links 23 states in the western two-thirds of the country. Union Pacific serves many of the fastest-growing U.S. population centers and provides Americans with a fuel-efficient, environmentally friendly and safe mode of freight transportation. Union Pacific's diversified business mix includes Agricultural Products, Automotive, Chemicals, Energy, Industrial Products and Intermodal. The railroad emphasizes excellent customer service and offers competitive routes from all major West Coast and Gulf Coast ports to eastern gateways. Union Pacific connects with Canada's rail systems and is the only railroad serving all six major gateways to Mexico.
Media Contact: Aaron Hunt, 916-789-6019 or email@example.com.
The statements and information contained in the news releases provided by Union Pacific speak only as of the date issued. Such information by its nature may become outdated, and investors should not assume that the statements and information contained in Union Pacific's news releases remain current after the date issued. Union Pacific makes no commitment, and disclaims any duty, to update any of this information.