Union Pacific reveals details of a $3.4 billion investment plan

The railroad will allocate a majority of its investments towards infrastructure modernization, this is reported by the railway transport news portal Railway Supply.

American railroad company Union Pacific is investing $3.4 billion in its infrastructure, rolling stock, and technologies over the next year, the company announced as part of its capital expenditure plan for 2024.

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More than half of the investments, $1.9 billion, will go towards infrastructure modernization and replacement, $600 million will be spent on rolling stock and equipment as well as facilities and commercial assets, while the remaining $300 million is earmarked for technology investments.

More detailed information about the company’s capital investments for the upcoming year emerged after its annual profit report for 2023 revealed the $3.4 billion figure, during which it also reported a 9% decline in net income, citing reduced volumes and decreased fuel surcharge revenues.

Significant investments in rolling stock continue the company’s extensive fleet modernization campaign, which began in 2022 when it signed a $1 billion contract with Wabtec for the modernization of 600 locomotives.

Photo: Drew Halverson/Shutterstock.com

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