The US Class I railway company Union Pacific (UP) has announced infrastructure investments totalling €3.1 billion (US$3.4 billion) for 2024 to improve safety and renew facilities. Around €1.8 billion of the investment plan will go towards upgrading and replacing rails, sleepers, and ballast. A further €554 million is earmarked for locomotives and equipment. UP plans to modernise its fleet by upgrading older locomotives and renewing and expanding its fleet of freight wagons. UP is also investing in technology and increasing capacity, for example by extending passing sidings. In addition, the expansion of the intermodal transport network will continue in order to support business development in growth regions such as Southern California, Phoenix, and Kansas City.
