Union Pacific plans to invest $3.4 billion in 2024 to support safe operations, renew assets and grow with customers. That's the equivalent of spending more than $9 million every day to make the railroad safer and generate economic and supply chain activity across its 23-state footprint, boosting local, regional and the national economy. An estimated 56% of the capital plan, or $1.9 billion will go toward upgrading and replacing infrastructure, such as rail, ties, and ballasts, along with $0.6 billion 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, the company is investing in capacity and technology projects across its network, such as siding extensions, to increase capacity, improve productivity and operational efficiency.