UP Board approves $3.75 billion 2016 capital plan

Written by Jenifer Nunez, assistant editor
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The Union Pacific Board of Directors approved the company's 2016 capital plan of approximately $3.75 billion, down about $550 million versus 2015. The plan includes $375 million to further implement Positive Train Control.

UP originally revealed it’s planned 2016 program during its Fourth Quarter earnings call. UP’s engineering program will focus on tie and rail replacements and the railroad will accelerate bridge replacements in 2016.

“Given the decline in volume, we have taken a hard look at our capital plan and continue to invest for safety, productivity and where returns meet our threshold of reinvestability,” said Rob Knight, Union Pacific chief financial officer. “These investments will create value for our customers

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