Railroad News

Union Pacific Railroad on Monday announced plans to invest $45 million in its infrastructure in Oklahoma this year.

Key investments include $24 million to replace 50 miles of rail between the Kansas-Oklahoma line and Pryor, Oklahoma. The Class I also will invest $3.6 million to replace 26,250 ties and install 18,548 tons of ballast between Gore and Wagoner.

Union Pacific Railroad has announced a $65 million capital expenditure program for Nebraska and a $63.3 million capex program for Oregon this year.

The Class I's plans for Nebraska include $54.9 million to maintain track and $3 million to maintain bridges.

Union Pacific Railroad will spend $103.6 million this year to maintain track and bridges in Illinois.

The Class I's 2018 capital expenditures program includes $40.8 million to maintain track and $23.5 million to maintain bridges in the state, according to a UP press release.

By This email address is being protected from spambots. You need JavaScript enabled to view it., Managing Editor

Union Pacific Railroad yesterday announced the status of its positive train control (PTC) implementation plan.

UP will meet all required deadlines for installing PTC on its network, and will continue to test and refine the system's "immature technologies" in 2019-2020, according to a company press release.

Union Pacific Corp. has redesigned its charitable giving program to support three primary social impact goals: safety, workforce development and community spaces.

Yesterday, UP unveiled its Community Ties Giving Program, which will increase the company's overall community giving to more than $20 million, company officials said in a press release.

Union Pacific Railroad began construction this month on the Brazos Yard in Robertson County, Texas.

The $550 million rail yard project represents the largest capital investment in a single facility in the railroad's 155-year history, UP officials said in a press release.

Union Pacific Corp. today reported fourth-quarter 2017 adjusted net income rose 5 percent to $1.2 billion, or $1.53 per diluted share, compared with $1.14 billion, or $1.39 per share, for the same period a year ago.

Including the impact of the recently passed federal corporate tax reform, UP posted net income of $7.3 billion, or $9.25 per diluted share for Q4 2017, according to a UP press release.