BNSF announces US$3.9B capital commitment program for 2012, US$400M increase over its 2011 capital spend of US$3.5B; largest part of plan is investment of US$2.1B on railway's core network, related assets
FORT WORTH, Texas
February 1, 2012
– BNSF Railway Company (BNSF) today announced a planned 2012 capital commitment program of approximately $3.9 billion, a $400 million increase over its 2011 capital spend of $3.5 billion.
The largest component of the capital plan is spending $2.1 billion on BNSF's core network and related assets. BNSF also plans to spend approximately $1.1 billion on locomotive, freight car and other equipment acquisitions. The program also includes about $300 million for federally mandated positive train control (PTC) and $400 million for terminal, line and intermodal expansion and efficiency projects. BNSF's expansion and efficiency projects will be primarily focused on coal routes to improve velocity and throughput capacity and the new intermodal facility at Kansas City.
"Investment in BNSF's rail freight infrastructure is an investment in American jobs and competitiveness. It will ensure our infrastructure remains strong and improve the efficiency of our operations," said Matthew K. Rose, BNSF chairman and chief executive officer. "BNSF remains committed to making the necessary investments to maintain and grow the value of our franchise's capacity to meet customers' needs and to provide the nation's supply chain with more efficient freight transportation."
BNSF Railway is one of North America's leading freight transportation companies operating on 32,000 route miles of track in 28 states and two Canadian provinces. BNSF is one of the top transporters of consumer goods, grain, industrial goods and low-sulfur coal that help feed, clothe, supply, and power American homes and businesses every day. BNSF and its employees have developed one of the most technologically advanced, and efficient railroads in the industry. We work continuously to improve the value of the safety, service, energy, and environmental benefits we provide to our customers and the communities we serve. You can learn more about BNSF at www.BNSF.com .
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