BNSF Railway Company (BNSF) today announced a planned 2011 capital commitment program of $3.5 billion. The largest component of the capital plan is spending $2 billion on BNSF's core network and related assets. BNSF also plans to spend about $450 million to acquire 227 locomotives and approximately $350 million on freight car and other equipment acquisitions. The program also includes about $300 million for federally mandated positive train control (PTC) and $300 million for terminal, line and intermodal expansion and efficiency projects. BNSF's expansion and efficiency projects will be primarily focused on the mid-continent and coal routes to improve velocity and throughput capacity.
"BNSF expects to invest approximately $3.5 billion in 2011 to ensure our infrastructure remains strong and to improve the efficiency of our operations," 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."
About BNSF
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.
BNSF Headquarters
BNSF Railway Company
2650 Lou Menk Dr. 2nd Floor
Fort Worth, TX 76131-2830
P.O. Box 961057
Fort Worth, TX 76161-0057
Phone: (817) 352-1000
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