UNP · 10-Q · 2026Q2 · Full report

Capital Expenditure Outlook

UNION PACIFIC CORP · 2026-07-23 · Importance 64 · Surprise 42

Union Pacific expects its 2026 capital plan to be approximately $3.3 billion. Planned investments target network growth, safety, resiliency, operational efficiency, infrastructure hardening, locomotive-fleet modernization, freight-car replacement and growth, and technology-enabled productivity. Projects include terminal investments, intermodal ramps, siding extensions and new sidings, and second-mainline-track projects; the plan may change if business conditions, laws, or regulations affect expected returns.