Union Pacific Railroad Invests Nearly $10 Million to Strengthen Iowa's Transportation Infrastructure
Project Funded by Private Investment, Not Taxpayer Dollars
Omaha, Neb., July 19, 2013
Union Pacific Railroad will strengthen Iowa's transportation infrastructure by investing nearly $10 million in the rail line between Boone and Denison, Iowa. The project, funded entirely by Union Pacific without taxpayer dollars, began July 3 and is scheduled to be completed by early September.
The railroad will replace 46,500 concrete railroad ties. 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 Donna Kush, Union Pacific vice president - Public Affairs, Northern Region. "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.
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