BNSF Railway Company is set to invest $3.3bn under its capital investment plan for 2018, which includes network maintenance works and a series of expansion projects.
The plan features a maintenance budget of $2.4bn, which will primarily be used to replace and upgrade rail, rail ties and track ballast, as well as the maintenance of the company’s rolling stock.
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Furthermore, the maintenance component is set to include nearly 13,000 miles of track surfacing and undercutting work, in addition to the replacement of roughly 500 miles of rail and 3 million rail ties.
BNSF is anticipated to spend around $500m in support of expansion and efficiency projects, which will mostly be located along its Southern and Northern Transcon routes.
The company has also provided additional $100m for positive train control implementation works.
The final component of the capital plan was allocated $300m and will be used for the acquisition of freight cars and other equipment.
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By GlobalDataBNSF president and CEO Carl Ice said: “Every year, we work to ensure our capital investment plan enables us to continue to operate a safe and reliable rail network, as well as anticipates the needs of our customers.
“Our attention to safety and service, along with our investments in our network, provide a solid foundation for our ability to grow with our customers today and in the future.”
BNSF has invested more than $60bn in its network since 2000 in order to ensure safety, optimise efficiency and fulfill customer expectations.
The company announced a $3.3bn capital programme last year too.
