Union Pacific sets capital spending for 2016

RELATED TOPICS: UNION PACIFIC | INFRASTRUCTURE
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OMAHA, Neb. — Union Pacific’s Board of Directors Thursday approved the railroad’s 2016 capital plan of approximately $3.75 billion, down about $550 million versus 2015. The plan includes $375 million to further implement positive train control.

“Given the decline in volume, we have taken a hard look at our capital plan and continue to invest for safety, productivity and where returns meet our threshold of reinvestability,” says Rob Knight, Union Pacific chief financial officer.
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