UP capital expenditures in 2011 to soar 25 percent

Written by jrood

Union Pacific will increase its capital spending by 25 percent to $3.25 billion in 2011, the Journal of Commerce reports. UP capital expenditures 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 the Mississippi River at Clinton, Iowa.

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