Union Pacific plans more than $3 billion capital spending for 2017

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OMAHA, Neb. — Union Pacific will spend more than $3 billion to maintain and improve its network this year. The investment is about $400 million less than what railroad directors approved in 2016.

As part of its capital expenditure plans, the railroad has set aside $300 million to help with positive train control implementation.

While UP officials say they will spend less on capital spending in 2017, U.S. freight railroads across the United States are projected to spend an estimated $22 billion to maintain and upgrade their rail lines, according to the Association of American Railroads.

NEWSWIRETrains News Wire

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