Union Pacific Chairman and CEO Jim Young to Testify Before Committee on Transportation and Infrastructure
Omaha, Neb., January 27, 2009 Union Pacific Chairman and Chief Executive Officer Jim Young will testify tomorrow before the U.S. House of Representatives Committee on Transportation and Infrastructure subcommittee on Railroads, Pipelines and Hazardous Materials.
Young's testimony will include a discussion of the freight rail's industry role in the economy and the benefits associated with freight railroads; and how the industry is faring in today's economy and the future needs of freight railroads.
America's freight rail network is the safest, most environmentally friendly and energy efficient mode of surface transportation. From 1980 to 2007, railroads have reduced the overall train accident rate 71 percent. Union Pacific can haul one ton of freight 790 miles on a gallon of diesel fuel, and a single intermodal train can take 280 trucks off America's congested highways.
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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 and serves the fastest-growing U.S. population centers. Union Pacific's diversified business mix includes Agricultural Products, Automotive, Chemicals, Energy, Industrial Products and Intermodal. The railroad offers competitive long-haul 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, making it North America's premier rail franchise.
For further information, contact Donna Kush at (402) 544-3753 or Tom Lange at 402-544-3560.
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