UNION Pacific Railroad (UP) has launched construction of its new Brazos Yard in Texas, which will become one of the highest-capacity yards on the company’s 23-state network when it opens in 2020.
US railways serving Houston and the surrounding region have suspended train services as heavy rain and widespread flooding caused by Tropical Storm Harvey continues to affect southern Texas and Louisiana.
UNION Pacific (UP) announced on January 23 that it intends to spend around $US 3.1bn through its 2017 capital programme, subject to approval by the Class 1 railway’s board of directors.
UNION Pacific (UP), Unites States, plans to invest $US 3.75bn in 2016 which it says is around $US 550m less than it invested in 2015, representing a reduction of almost 15%.
UNION Pacific (UP), United States, has reported an 8% fall in net income from $US 5.18bn in 2014 to $US 4.77bn last year due to a significant drop in freight traffic and income.
