UNP · 10-Q · 2026Q3 · Full report

Capital Expenditure Plan

UNION PACIFIC CORP · 2026-10-22 · Importance 49 · Surprise 32

Union Pacific’s 2026 capital plan is approximately $3.5 billion. Cash capital investments totaled $2.834 billion in the first nine months of 2026, compared with $2.792 billion in the same 2025 period. Road infrastructure replacements accounted for $1.510 billion of nine-month 2026 investment, and the plan also includes network capacity, commercial facilities, locomotives, freight cars, and technology. Planned growth-related work includes terminal and intermodal ramp investments, siding extensions and new sidings, and second-mainline-track projects.

Key facts

• UNION PACIFIC CORP plans to invest in 2026 to support growth, improve network safety, resiliency, and operational efficiency, harden infrastructure, replace older assets, modernize its locomotive fleet, and acquire freight cars for replacement and growth opportunities. source
• UNION PACIFIC CORP's capital plan includes terminal investments for its manifest network and intermodal ramps, siding extensions and new sidings, and second mainline track projects. source