BNSF Will Spend $450 Million More in 2013 in Capital Spend
BNSF Railway Company has announced a $450 million increase in its capital spend of 2012.
2013 will see the company committed to a spend of approximately $4.1 million, with the largest constituent of the plan being a $2.3 spend on BNSFs core network aswell as its related assets.
Where is the money going?
The company also plans to spend around $1 billion on acquiring locomotives, freight cars and other equipment, along with $250 million bench marked for the continued installation of federally mandated positive train control.
$550 million will be ploughed into terminal, line and intermodal expansion efficiency projects, which are planned to be predominantly focused on capacity expansion to accommodate Bakken Shale related industrial products growth, on top of intermodal terminal expansion. An example of where the money is going is into the completion of BNSFs Kansas City Intermodal Facility, in hand with other terminal improvements which hope to improve productivity and velocity.
About the Company
BNSF Railway is one of the leading freight transportation companies in North America. The company operates 32,500 route miles of track that spans 28 states and two Canadian provinces. Currently ranking as one of the top transporters of consumer goods, grain, agricultural products, low-sulfur coal and industrial goods including petroleum, chemicals, housing materials and good and beverages, BNSF is a big part of supplying and powering American homes and businesses.
Due to the company and its employees, BNSF successfully operates one of the most technologically advanced and efficient railroads in the industry, whilst working continuously to improve their services.
Matthew K. Rose, chairman of BNSF said: We are focused on investing to meet our customers expectations and to expand the capacity where growth is occurring.
Given the importance of our low cost supply chain to the U.S. economy, our privately funded rail infrastructure is well positioned to ensure the U.S. ability to compete in global markets.