Union Pacific Chairman and CEO Jim Young announced Friday that the company will invest $1 billion in Nebraska rail upgrades over the next 7 years. Across the state, the funds will be spent on three major projects. First, Union Pacific will use $70 million to expand capacity, add track, and update technology at its North Platte rail yard, which is already the largest railroad classification yard in the world. Read More at http://www.railroad.net/union-pacific-to-invest-1-billion-in-nebraska-after-150-years-of-service-316.html