Union Pacific Railroad plans to invest $127 million in its Arkansas infrastructure this year.
The majority of the funds will be used for maintaining railroad track and $9.6 million will go to maintain bridges.
Projects include $19 million to replace 42 miles of rail line between Atkins and Mulberry and $12 million to replace 91,854 railroad ties and install 26,021 tons of rock ballast between Pine Bluff and Texarkana.
“Our targeted investments support customers and enhance our efficiency to deliver the goods American businesses and families use daily,” Brenda Mainwaring, Union Pacific assistant vice president of public affairs for the Southern Region, said.
Union Pacific has invested more than $584 million in Arkansas between 2013 and 2017.
Earlier this month, Union Pacific announced it would be investing $450 million in Texas and $122.3 million in California. The investments are part of Union Pacific’s plans to invest $3.3 billion in its network in 2018.
In January, Union Pacific said reported profits increased $6.1 billion in the fourth quarter thanks to changing tax laws. If the one-time benefit were removed, however, profits were only $60 million.
Revenue also increased during the fourth quarter, to $5.45 billion.
Growth is expected to continue throughout 2018, Union Pacific said.