Project Funded by Private Investment, Not Taxpayer Dollars
Roseville, Calif., June 21, 2013 Union Pacific Railroad will strengthen Oregon's transportation infrastructure by investing nearly $8.6 million to construct a new siding track on the main Union Pacific rail line in Portland between NE 122nd Avenue and NE 162nd Avenue. When two trains meet on a single line of railroad track one train waits on the siding track while the second train passes. The project, funded entirely by Union Pacific without taxpayer dollars, begins in June and is scheduled to be completed by the end of the year.
The railroad will build the new siding with 5,000 railroad ties, more than 500 tons of rock ballast and two new switches. The project is one of nearly 1,500 Union Pacific will complete across its 32,000-mile network this year to help improve train operating efficiency, reduce motorist wait times at crossings and enhance safety.
"Union Pacific helps link businesses with consumers, suppliers and markets across the nation and around the world," said Scott Moore, regional public affairs vice president. "In addition to helping move customers' goods more safely and efficiently, our investments support communities by reducing traffic congestion, facilitating industrial development and, promoting economic expansion."
Improved and additional freight rail capacity helps reduce highway congestion and contributes to a cleaner environment. One Union Pacific train can take up to 300 trucks off America's roads, and Union Pacific can move one ton of freight nearly 500 miles on a single gallon of diesel fuel.
About Union Pacific
Union Pacific Railroad is the principal operating company of Union Pacific Corporation (NYSE: UNP). One of America's most recognized companies, Union Pacific Railroad links 23 states in the western two-thirds of the country by rail, providing a critical link in the global supply chain. From 2007-2012, Union Pacific invested $18 billion in its network and operations to support America's transportation infrastructure, including a record $3.7 billion in 2012. The railroad's diversified business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Union Pacific serves many of the fastest-growing U.S. population centers, operates 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. Union Pacific provides value to its roughly 10,000 customers by delivering products in a safe, reliable, fuel-efficient and environmentally responsible manner.
Union Pacific media contact: Aaron Hunt, firstname.lastname@example.org, 916-789-6019 or @aaronmhunt.
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