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Apr
02

UP budgets $56.2 million for Nevada infrastructure work

Rail News Home Union Pacific Railroad 4/2/2018 Rail News: Union Pacific Railroad
Union Pacific Railroad has earmarked $56.2 million for infrastructure projects in Nevada this year.The Class I's plans for the state include $53 million to maintain railroad track and $3.2 million to maintain bridges, according to a UP press release.Key projects this year will include $12.3 million to replace more than 100,800 ties between North Las Vegas and the Utah border; $9 million to replace 19 miles of rail along the Nevada subdivision in Winnemucca; and $9 million to replace 20 miles of rail along the Elko subdivision between Winnemucca and Golconda.UP has invested more than $223.6 million on its Nevada infrastructure over the past five years.

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Mar
29

UP slates $59 million for Utah track, bridge projects

Rail News Home Union Pacific Railroad 3/29/2018 Rail News: Union Pacific Railroad
In the latest of its state-by-state capital expenditure announcements, Union Pacific Railroad officials said this week the Class I will spend $59.3 million on track and bridge projects this year in Utah.UP's investments will include $54.1 million to maintain track and $123,000 to maintain bridges in the state, according to a UP press release.Key projects this year will include $13 million to replace 28 miles of rail along the Lakeside subdivision west of the Great Salt Lake; $11 million to replace more than 100,500 ties between Delta and Milford; and $10 million to replace 22 miles of rail along the Shaftner subdivision east of Wendover.Over the past five years, UP has spent more than $244.7 million to strengthen its infrastructure in Utah.

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Mar
27

UP's Iowa infrastructure to get $47 million boost

Rail News Home Union Pacific Railroad 3/27/2018 Rail News: Union Pacific Railroad
Union Pacific Railroad's 2018 capital expenditures program includes $47 million for track and bridge maintenance projects in Iowa.The work will include $39.7 million to maintain track and $5.9 million to maintain bridges in the state.Key projects will include $12 million for work on the Mississippi River Bridge in Clinton; $8.4 million to replace 72,000 ties between Grand Junction and Mallard; and $5.7 million to replace 42,000 ties between Nevada and Tama.Over the past five years, UP has spent $357.5 million on its network in Iowa, according to a UP press release.

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Mar
26

UP slates $128 million for capex projects in Nebraska, Oregon

Union Pacific Railroad has announced a $65 million capital expenditure program for Nebraska and a $63.3 million capex program for Oregon this year.

The Class I's plans for Nebraska include $54.9 million to maintain track and $3 million to maintain bridges.

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Mar
23

UP to serve Ocean Network at West Coast ports

Rail News Home Union Pacific Railroad 3/23/2018 Rail News: Union Pacific Railroad
Ocean Network Express Pte. Ltd. (ONE) and Ocean Network Express North America have selected Union Pacific Railroad to handle intermodal shipments arriving on container ships at West Coast Ports effective April 1.ONE, which has a global fleet of more than 250 vessels, was established by a merger of Japan's three largest ocean carriers: MOL, NYK and K Line.Under the agreement, containers arriving or departing from West Coast ports will transfer between ONE vessels and UP trains at its on-dock and near-dock facilities in Los Angeles and Long Beach, California. UP also will carry ONE shipments arriving at ports in Seattle and Tacoma, Washington, UP officials said in a press release."Union Pacific is proud to continue our relationship with the carriers that make up ONE's joint venture and support its changing needs with transportation solutions offering efficient transit times and reliability," said Beth Whited, Union Pacific executive vice president and chief marketing officer. "We are well-positioned to leverage innovative customer tools and international intermodal resources to provide seamless service, flexibility and new market opportunities."With its headquarters in Singapore, ONE's liner network covers more than 100 countries. ONE's North American headquarters is in Richmond, Virginia.

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Mar
21

UP outlines $87 million capex plan for Louisiana

Rail News Home Union Pacific Railroad 3/21/2018 Rail News: Union Pacific Railroad
Union Pacific Railroad's capital expenditures program this year will include $87 million for track and bridge maintenance projects in Louisiana. The 2018 capex plan includes $48 million for track and $18 million for bridge maintenance in the state, UP announced Monday in a press release.Key projects will include $16 million to replace 149,977 railroad ties and install 56,869 tons of ballast on the line between Alexandria and Shreveport, and $12 million to replace 82,152 railroad ties and install 39,693 tons of ballast on the line between Luling and Livonia.Over the past five years, UP has spent more than $396 million on transportation infrastructure in Louisiana.

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Mar
19

UP charts Wyoming projects worth $85 million

Rail News Home Union Pacific Railroad 3/19/2018 Rail News: Union Pacific Railroad
Union Pacific Railroad will spend $85 million this year to maintain track and bridges in Wyoming.The projects are part of the Class I's $3.3 billion capital expenditures program for 2018. The Wyoming work will include $81.6 million to maintain track and $2.9 million to maintain bridges, according to a UP press release.Key projects planned this year include $12.9 million to replace more than 102,000 ties on the rail line that runs south of the Rock River to Cheyenne; $11.6 million to replace 25 miles of rail east of Wamsutter to just west of Rawlins; and $10.7 million to replace more than 79,000 ties on the line that runs west of Evanston to Granger.Over the past five years, UP has spent more than $251 million on its infrastructure in the state.

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Mar
15

UP slates $103.6 million for Illinois infrastructure

Rail News Home Union Pacific Railroad 3/15/2018 Rail News: Union Pacific Railroad
UP plans to spend $3.3 billion across its network in 2018, including $103.6 million in Illinois.Photo – Union Pacific

Union Pacific Railroad will spend $103.6 million this year to maintain track and bridges in Illinois.

The Class I's 2018 capital expenditures program includes $40.8 million to maintain track and $23.5 million to maintain bridges in the state, according to a UP press release.

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Mar
13

UP budgets $113 million for Kansas track, bridge work

Rail News Home Union Pacific Railroad 3/13/2018 Rail News: Union Pacific Railroad
Union Pacific Railroad announced yesterday its 2018 capital expenditure program includes $113 million for track and bridge maintenance in Kansas.The Class I will spend $80 million to maintain railroad track and $8.6 million to maintain bridges in the state this year, according to a UP press release.Key projects will include $20 million to replace 42 miles of rail between Paola and Parsons; and $12 million to replace 126 miles of rail between Minneola and Liberal.Over the past five years, UP has invested more than  $421 million on its infrastructure in Kansas.

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Mar
13

Union Pacific continues to pursue technologies that can enhance safety, streamline operations

(At left) A UP train passes through a Machine Vision portal, which uses cameras, lasers and sensors to inspect cars electronically and detect any anomalies. (At right) UP Systems Engineer Shekar Madugundu played a role in developing a system that enables train engine and yard employees to use a modified mobile phone to report car movements in real time.Photo – Union Pacific Railroad

By This email address is being protected from spambots. You need JavaScript enabled to view it., Managing Editor

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Mar
12

UP slates $127 million for Arkansas maintenance

Rail News Home Union Pacific Railroad 3/12/2018 Rail News: Union Pacific Railroad
Union Pacific Railroad will invest $127 million to maintain track and bridges in Arkansas this year.The Class I's 2018 capital expenditure program includes $103 million to maintain track and $9.6 million to maintain bridges in the state.Key projects include $19 million to replace 42 miles of rail between Atkins and Mulberry and $12 million to replace 91,854 ties and install 26,021 tons of ballast between Pine Bluff and Texarkana.Over the past five years, UP has spent more than $584 million on Arkansas infrastructure, UP officials said in a press release.

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Mar
08

UP to spend $122 million on California infrastructure

Rail News Home Union Pacific Railroad 3/8/2018 Rail News: Union Pacific Railroad
Union Pacific Railroad's 2018 capital expenditures program will include $122.3 million for maintenance projects in California, the Class I announced yesterday.Among UP's investments in the state this year include $90.8 million to maintain track and $14.2 million to maintain bridges. Key projects will include:
• a $10.1 million project to replace 20 miles of rail between McFarland and Bakersfield;
• a $7.4 million investment in rail infrastructure in West Colton; and
• a $4.8 million project to replace more than 33,000 ties between Newark and Aromas.This year's planned capital expenditures in California are part of UP's ongoing investment strategy. Over the past five years, UP invested more than $985 million strengthening California's transportation infrastructure."Our targeted investments support customers and enhance our efficiency to deliver the goods American businesses and families use daily," said Wes Lujan, UP assistant vice president-public affairs, western region.

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Mar
06

UP slates $450 million for 2018 capex in Texas

Rail News - UP slates $450 million for 2018 capex in Texas. For Railroad Career Professionals

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Feb
08

UP reports PTC status for Q4 2017

Union Pacific Railroad yesterday announced the status of its positive train control (PTC) implementation plan.

UP will meet all required deadlines for installing PTC on its network, and will continue to test and refine the system's "immature technologies" in 2019-2020, according to a company press release.

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Feb
02

UP redesigns its charity program

Union Pacific Corp. has redesigned its charitable giving program to support three primary social impact goals: safety, workforce development and community spaces.

Yesterday, UP unveiled its Community Ties Giving Program, which will increase the company's overall community giving to more than $20 million, company officials said in a press release.

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Jan
26

UP kicks off Brazos Yard construction

Union Pacific Railroad began construction this month on the Brazos Yard in Robertson County, Texas.

The $550 million rail yard project represents the largest capital investment in a single facility in the railroad's 155-year history, UP officials said in a press release.

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Jan
25

UP boosts bottom line in 2017

Union Pacific Corp. today reported fourth-quarter 2017 adjusted net income rose 5 percent to $1.2 billion, or $1.53 per diluted share, compared with $1.14 billion, or $1.39 per share, for the same period a year ago.

Including the impact of the recently passed federal corporate tax reform, UP posted net income of $7.3 billion, or $9.25 per diluted share for Q4 2017, according to a UP press release.

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Jan
22

UP again recognized as 'most admired' company

Rail News Home Union Pacific Railroad 1/22/2018 Rail News: Union Pacific Railroad
Union Pacific Corp. has been named Fortune magazine's most admired company for the eighth consecutive year.The recognition also marks the 15th time in 19 years the company has been named No. 1 among trucking, transportation and logistics leaders, according to a UP press release.UP ranked first in eight of the magazine's performance categories: innovation; people management; use of corporate assets; social responsibility; quality of management; financial soundness; long-term investment; and quality of products and services."Union Pacific's top ranking by Fortune highlights our employees' commitment to deliver value to our customers, shareholders and communities," said UP Chairman, President and Chief Executive Officer Lance Fritz. "Our engaged team's focus on finding new, innovative ways to operate a safe and efficient railroad will help us continue serving these key stakeholders with excellence."Fortune's research partner, the Hay Group, surveyed 3,800 senior executives, directors and analysts to select companies they admired most from a list that started with 1,500 companies. The magazine's annual World's Most Admired list is published in the February issue.

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Jan
16

UP's Knight named 'Best' CFO; Class I to hike train speed in Minnesota

Rail News Home Union Pacific Railroad 1/16/2018 Rail News: Union Pacific Railroad
Union Pacific Railroad Executive Vice President and Chief Financial Officer Rob Knight has been named Best CFO for the fifth consecutive year by Institutional Investor magazine.Knight was named to the publication's 2018 All-America Executive Team list of transportation companies. He topped the Best CFO lists in the overall and buy-side categories, according to a UP press release.The magazine determines the rankings after an annual survey of the country's top analysts and portfolio managers. UP also received high marks in the Best Investor Relations Program and Analyst Days categories.Knight is responsible for all of UP's financial activities. He is a member of the Grupo Ferroviario Mexicano and TTX Co. boards of directors. He began his career with UP in 1980. Earlier positions at the company include vice president and general manager-energy, vice president and general manager-automotive and senior vice president-finance.Meanwhile, UP announced yesterday that it will increase the maximum track speed limit in Bigelow, Minnesota, starting next week.Train speeds at the Palm Avenue, 280th Street, 290th Street and 340th Street crossings will increase in weekly 5 mph increments from 40 mph starting Jan. 22 until reaching the 49 mph speed limit on Jan. 29.The increased speed limit follows a rail improvement project that strengthened infrastructure to allow for faster trains.UP announced last year that it planned to invest $14 million in Minnesota in 2017 to support the state's current and future freight transportation needs and to enhance safety and efficiency.

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Jan
12

UP estimates $6 billion benefit in 2017 from new tax law

Rail News Home Union Pacific Railroad 1/12/2018 Rail News: Union Pacific Railroad
Union Pacific Railroad estimates that changes in the new tax law will provide a nearly $6 billion boost to the railroad's 2017 earnings.The Class I earlier this week disclosed the estimated impact from the new Tax Cuts and Jobs Act in a filing with the Securities and Exchange Commission.The $5.8 billion benefit comes primarily from the revaluation of UP's deferred tax liabilities to reflect the new federal corporate tax rate of 21 percent.In addition, UP said the new law will result in a $200 million non-cash reduction to its operating expenses. UP may have more details on the new law's impact when it discloses its fourth-quarter 2017 financial results on Jan. 25.

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