BNSF Railway Company (BNSF) has announced a planned 2012 capital commitment program totaling about $3.9 billion--a $400 million increase over its 2011 capital spending of $3.5 billion.
The biggest pieces of the plan call for BNSF to spend $2.1 billion on its core network and "related assets" and about $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.
The expansion and efficiency projects primarily will be focused on coal routes to improve velocity and throughput capacity and the new Kansas City intermodal facility.
Chairman and CEO Matthew Rose said this investment in 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,"
Based in Fort Worth, Texas, 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. The company is recognized as one of the top transporters of consumer goods, grain, industrial goods and low-sulfur coal.