Rail Operations Update
Announcement Number: CN2014-15
Categories: General Announcements
Posted Date: May 30, 2014
Union Pacific rail operations continue to move in a positive direction. We have maintained recent velocity improvements while handling increased traffic volumes from our customers. With the resources we have added, major segments of our network are operating at fluid levels. We continue to add resources and are implementing additional initiatives to improve velocity on the segments that remain congested. We are also coordinating closely with our connecting railroads to improve interchange performance. We will continue to focus on steady improvement in the weeks to come.
To support Union Pacific's continued improvement, we have increased our record 2014 capital spend by $150 million to bring the total to about $4.1 billion. The additional capital will be used for equipment acquisitions, including more locomotives, and additional investments designed to support growth in the Northern Region. The new investments are in addition to capital projects already underway that will increase resources and capacity across our entire network. We are investing in a future that has never looked brighter, and we're excited to be able to serve the customers who are shaping that future.
We appreciate your business and your continued support of Union Pacific. We will continue to keep you updated on our service recovery.
If you have any questions please contact your Union Pacific representative.