Iowa Transportation Infrastructure Receives $47 Million Boost from Union Pacific
Omaha, Neb., March 26, 2018
Iowa’s transportation infrastructure will receive a $47 million boost from Union Pacific Railroad in 2018. The company’s planned private investment will enhance safety, operating efficiency and support customer service.
Union Pacific builds and maintains its track without taxpayer funds and its trains reduce traffic on Iowa’s congested highways. A single Union Pacific train can carry as many as 300 trucks and move one ton of freight 452 miles on a single gallon of diesel, generating a carbon footprint that is 75 percent less than trucks.
Union Pacific’s private investments sustain jobs and ensure the company meets growing demand for products used in the American economy. The company’s planned investment covers a range of initiatives, including $39.7 million to maintain railroad track and $5.9 million to maintain bridges in the state. Key projects planned this year include:
- $12 million investment in the Mississippi River Bridge in Clinton, Iowa.
- $8.4 million investment in the rail line between Grand Junction and Mallard to replace nearly 72,000 railroad ties.
- $5.7 million investment in the rail line between Nevada and Tama to replace nearly 42,000 railroad ties.
This year’s planned $47 million capital expenditure in Iowa is part of the company’s ongoing investment strategy. In the last five years, 2013-2017, Union Pacific invested more than $357.5 million strengthening Iowa’s transportation infrastructure.
“Our targeted investments support customers and enhance our efficiency to deliver the goods American businesses and families use daily,” said Liisa Stark, Union Pacific assistant vice president - Public Affairs, Northern Region.
Union Pacific plans to spend $3.3 billion across its network this year, following investments totaling approximately $34 billion from 2008-2017.
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. In the last 10 years, 2008-2017, Union Pacific invested approximately $34 billion in its network and operations to support America's transportation infrastructure. The railroad's diversified business mix is classified into its Agricultural Products, Energy, and Industrial and Premium business groups. 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.
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.