BNSF unveils $3.5 billion capital program
Written by William C. Vantuono, Editor-in-ChiefBNSF Railway on Monday announced a planned 2011 capital program of $3.5 billion. It includes $450 million to acquire 227 locomotives and $350million for new freight cars and other equipment.
Other major investments are around $300 million for federally mandated positive train control and $300 million for terminal line, and intermodal expansion and efficiency projects.
BNSF said its key expansion projects will be focused on the mid-continentand coal routes to improve velocity and throughput capacity.
“BNSF expects to invest approximately $3.5 billion in 2011 to ensure ourinfrastructure remains strong and to improve the efficiency of ouroperations,” said Matthew K. Rose, BNSF chairman and chief executive officer. “As we demonstrated with our capital commitments during one of the deepest recessions in U.S. history, we remain committed to making the necessary investments to maintain and grow the value of our franchise’s capacity and to provide the nation’s supply chain with more efficient freight transportation.”
