Company Celebrates 150 Years of Doing Business in Nebraska
Gov. Dave Heineman today joined Union Pacific Chairman and CEO Jim Young in announcing the company's planned $1 billion investment in Nebraska over the next several years as part of its capital investment programs. The $1 billion will be spent on projects across the state, including the following:
- Union Pacific is expanding capacity at its North Platte rail yard, the largest railroad classification yard in the world, with a $70 million investment for better throughput by adding track and technology upgrades.
- About 125 trains a day transport goods through Nebraska on Union Pacific's main line – making it the busiest freight rail transportation corridor in the United States. An investment of approximately $220 million in new rail, ties and other work will increase capacity and fluidity on this busy corridor.
- Between Fremont and Missouri Valley, Union Pacific plans to spend $206 million on new crew change buildings, a bridge over the Elkhorn River, new technology and track. This is a multiple-year project to move trains more efficiently and improve service.