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UP capital expenditures in 2011 to soar 25%
Posted By ted On November 9, 2010 @ 12:00 am In Amtrak/Commuter,Amtrak/Commuter News,News | No Comments
Union Pacific will increase its capital spending by 25 percent to $3.25 billion in 2011, reports the Journal of Commerce.
UP capital exenditures in 2010 totaled $2.6 billion.
UP said it will be purchasing as many as 200 new locomotives in 2011, upgrade numerous corridors to accommodate double-stack container cars, and replace a 100-year-old bridge across the Mississippi River at Clinton, Iowa, the Journal of Commerce reported.
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URL to article: http://utu.org/2010/11/09/up-capital-expenditures-in-2011-to-soar-25-6/
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