Union Pacific Corporation
) will be investing $15 million for the development of a rail
track in Wyoming. The company will use the fund to replace
127,200 railroad ties as well as install over 61,200 tons of rock
ballast and renovate surfaces at 18 road crossings.
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This upgrade of the rail line between Rawlins and Rock Springs
will enhance the transportation infrastructure of this Western
U.S. state. The project - which is completely financed by the
company - started in mid June and is slated to be wrapped up by
This initiative is part of the many ventures that Union Pacific
has in its pipeline to improve its 32,000-mile network this year,
resulting in better train operating efficiency, lower motorist
wait times at crossings and higher safety. The company aims to
cut down on highway congestion with the help of additional
freight rail capacity.
Union Pacific remains committed to make investments to enhance
transportation services across the nation. For 2013, the company
expects to invest about $3.6 billion with more than half of the
investments targeted toward infrastructure replacement and
improvements at commercial plants. The company aims to invest
nearly $1 billion in service growth and productivity projects.
Management will put in approximately $450.0 million on positive
We believe that these measures will boost the company's long-term
efficiency and service capabilities. Union Pacific aims to help
customers by establishing easy connectivity between them,
suppliers and markets. This will enable clients to transport
their goods faster and safely, expediting industrial expansion
and economic growth.
Canadian Pacific operates with the likes of
Canadian National Railway Company
Kansas City Southern
Canadian Pacific Railway Limited
) and has a Zacks Rank #3 (Hold rating).