UP to spend $109m on Iowa rail improvements

· Tuesday, May 05, 2015

The railroad will invest $4.2 billion across its network this year for track maintenance, signal systems and road and bridge repairs.

Union Pacific expects to invest more than $109 million in 2015 to improve its rail lines running through Iowa.
Specifically, the railroad will invest $105 million for track maintenance, $1.5 million on signal systems, and $2.8 million to maintain bridges throughout the Midwest state.
Union Pacific plans to spend $4.2 billion across its network this year, following investments totaling more than $31 billion from 2005-2014. “These investments contributed to a 38 percent decrease in derailments over the last 10 years,” the railroad said.

Chris Gillis

Located in the Washington, D.C. area, Chris Gillis primarily reports on regulatory and legislative topics that impact cross-border trade. He joined American Shipper in 1994, shortly after graduating from Mount St. Mary’s College in Emmitsburg, Md., with a degree in international business and economics.