(The following report appeared on the Denver Post website on April 16.)
OMAHA — Union Pacific Corp., the biggest U.S. railroad, intends to acquire at least 120 more new locomotives this year, almost doubling its original plan, and hire 1,250 workers this quarter to reduce profit-cutting delays.
The railroad, without giving details, also said it will raise prices. The locomotives are in addition to 150 new units it had planned to acquire, the Omaha-based company said in a Securities and Exchange Commission filing. The workers are part of previously announced plans to hire at least 4,000 people.