Union Pacific (UNP -0.3%) agrees to spend $50M to enhance railroad security between U.S. and...

|About: Union Pacific Corporation (UNP)|By:, SA News Editor

Union Pacific (UNP -0.3%) agrees to spend $50M to enhance railroad security between U.S. and Mexico, according to a CBP announcement. The firm avoids paying penalties - potentially even higher than $50M - after a significant amount of illegal substances were discovered on trains arriving at the U.S.-Mexico border.