SPRING, Texas, May 27, 2015 /PRNewswire/ -- Union Pacific
plans to invest $72 million in 2015 to improve Louisiana's transportation infrastructure. The
company's multi-million dollar private investment will enhance
employee, community and customer safety and increase rail operating
efficiency. Freight railroads like Union Pacific operate on track
built and maintained without taxpayer funds. Union Pacific's
private investments sustain jobs and ensure the company meets
growing demand for products used in the resurgent American
economy.
Union Pacific's planned investment covers a range of
initiatives: $67 million to maintain railroad track,
$1 million to enhance signal systems and $2 million
to maintain or replace bridges in the state. Key projects planned
this year include:
- $11 million investment in the rail line between
Columbia and Pollock to replace 22 miles of rail and repair
the surfaces at 21 road crossings.
- $8 million investment in the rail line between
Fordoche and Morrow to replace 22 miles of rail and repair
the surfaces at 12 road crossings.
This year's planned $72 million capital expenditure in
Louisiana is part of an ongoing
investment strategy. From 2010 to 2014 Union Pacific invested more
than $568 million strengthening Louisiana's transportation infrastructure.
"We constantly evaluate our customers' needs to make targeted
investments that enhance our efficiency and deliver the goods
American businesses and families use daily," said Brenda Mainwaring, Union Pacific vice president
- Public Affairs, Southern Region. "Continuing to aggressively
invest in our infrastructure is an important element in Union
Pacific's unwavering safety commitment."
Union Pacific plans to spend $4.2
billion across its network this year, following investments
totaling more than $31 billion from
2005-2014. These investments contributed to a 38 percent decrease
in derailments over the last 10 years.
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 connects 23 states in the western two-thirds of the
country by rail, providing a critical link in the global supply
chain. From 2005-2014, Union Pacific invested more than
$31 billion in its network and
operations to support America's transportation
infrastructure. 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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SOURCE Union Pacific