UP Arizona, New Mexico projects on hold
Written by jrood
The recession is being blamed for pausing several Union Pacific construction projects across southern Arizona and New Mexico. The projects were meant to increase UP's freight-moving capacity on its main line. UP gave no definitive time table for when a new yard in Pinal County, Ariz., a new rail facility in Santa Teresa, N.M., and installation of a second set of tracks across Arizona would restart, but expects all projects to proceed when the economy turns around. UP reported a 15-percent down turn in its rail traffic during the third quarter compared to the same time period in 2008.
