RAILROADS: U. P.'s Buildup

The 9,867-mile Union Pacific makes more money than any other U.S. railroad, but spends it freely for improvements. Though only sixth in rail mileage and fifth in revenues,* U.P. plowed $102,300,000 this year into one of the biggest building programs in its go-year history. Last week President Arthur Stoddard fired up U.P. for another big expansion.

Two years ago, he had ordered ten General Electric gas turbine electric locomotives—the first ordered by a U.S. railroad—at a cost of $5,400,000. Last week, with only six delivered, he ordered another 15 for $8,600,000. After running his turbine locomotives on U.P.'s mountainous track...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!