BNSF announces $2.4 billion capital commitment program
(BNSF Railway issued the following on January 21, 2010.)
FORTH WORTH, Texas BNSF Railway Company (BNSF) today announced a planned 2010 capital commitment program of $2.4 billion, which is expected to be approximately $240 million lower than 2009 due to fewer expected locomotive acquisitions in 2010. BNSF currently expects to spend about $2.1 billion for track, signal systems, structures, and freight cars, and to upgrade technologies, including the unfunded mandate for positive train control. The Company also anticipates acquiring approximately 170 locomotives at a cost of about $320 million.
"For 2010, BNSF currently expects to invest approximately $2.4 billion to ensure our infrastructure remains strong and to improve the efficiency of our operations," said Matthew K. Rose, BNSF Chairman, President and Chief Executive Officer. "Similar to 2009, we remain committed to making the necessary investments to protect and grow the value of our franchise despite an uncertain economic environment."
A subsidiary of Burlington Northern Santa Fe Corporation (NYSE: BNI), BNSF Railway Company operates one of the largest railroad networks in North America, with about 32,000 route miles in 28 states and two Canadian provinces. The railway is among the world's top transporters of intermodal traffic, moves more grain than any other North American railroad, transports the components of many of the products we depend on daily, and hauls enough low-sulphur coal to generate about ten percent of the electricity produced in the United States. BNSF Railway is an industry leader in Web-enabling a variety of customer transactions at www.bnsf.com.
