Aug 23, 2011

The Border: Union Pacific to spend $50M on Mexico border security

Now we have the globalization of the border, that is, the entrance of a transnational corporation, Union Pacific Railroad, into a partnership with the U.S. Customs and Border Protection to "enhance" border security. Union Pacific has been fined by CBP for drug shipments found on its trains. In a deal to have CBP to drop the fines, the railroad has agreed to this private investment in CBP. Union Pacific Corp. (UNP) announced Friday that it signed an agreement with the U.S. Customs and Border Protection or CBP that formalizes and enhances their collaborative relationship to help secure the U.S. border against contraband and other security risks and to improve the flow of goods.

Union Pacific said that it will invest $50 million to enhance efforts to help secure the U.S. - Mexico border and improve supply chain security. The funds will be allocated towards technology, infrastructure, and personnel enhancements that CBP and Union Pacific will define in coming months. The company stated that the investments will include enhanced technologies such as intelligent video scanning and developing technologies such as global positioning systems or GPS and radio frequency identification or RFID tracking of rail movements.

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