Union Pacific Railroad Invests $10.5 Million to Strengthen Iowa's and Missouri's Transportation Infrastructure
Project Funded by Private Investment, Not Taxpayer Dollars
Omaha, Neb., August 08, 2013
Union Pacific Railroad will strengthen Iowa's and Missouri's transportation infrastructure by investing $10.5 million in the rail line between Allerton, Iowa, and Lock Springs, Mo. The project, funded entirely by Union Pacific without taxpayer dollars, began in late July and is scheduled to be completed by the end of October.
The railroad will replace 67,000 railroad ties and install 41,600 tons of rock ballast. In addition, crews will renew the surfaces at 57 road crossings and install more than two miles of rail in the rail yard at Trenton, Mo. 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.
Union Pacific media contact: Mark Davis, 402-544-5459 or firstname.lastname@example.org
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.