Union Pacific plans to invest $3.4B in 2024 to support safe operations, renew assets and grow with customers. An estimated 56% of the capital plan, or $1.9B will go toward upgrading and replacing infrastructure, such as rail, ties, and ballasts, along with $0.6B toward locomotives and equipment. Union Pacific will continue to modernize the locomotive fleet, upgrading older core units. The plan also includes targeted freight car acquisitions to support replacement and growth opportunities. In addition, it is investing in capacity and technology projects across its network. The railroad also will continue to expand its intermodal footprint, supporting business development in targeted, high growth areas, such as Southern California, Phoenix, and Kansas City.
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