October 23, 2014

UP capital expenditures in 2011 to soar 25%

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 [...]