Project Funded by Private Investment, Not Taxpayer Dollars
Roseville, Calif., July 02, 2013 Union Pacific Railroad will strengthen Oregon's transportation infrastructure by investing $8.9 million to install new rail on Union Pacific track between North Powder and La Grande. The project is under way now and is scheduled to be completed this month.
The railroad will replace 15 miles of rail to enhance the rail line in eastern Oregon. 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, Union Pacific vice president - Public Affairs. "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.
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.