NS targets $1.8B capital plan in 2018

Written by Mischa Wanek-Libman, editor
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Norfolk Southern

Norfolk Southern plans a capital program of $1.845 billion in 2018, continuing what the railroad calls a balanced deployment of capital.

 

The 2018 program is approximately $100 million above what the railroad spent in 2017 with the main focus on core infrastructure.

During the railroad’s 2017 Q4 earnings call, Cynthia Earhart, executive vice president of Finance and chief financial officer, said this year’s budget supports growth and the continuation of investment in our core assets.

NS plans to spend $930 million to replace track, bridges and communication systems, $345 million on locomotives; $170 million on facilities and terminals; $150 million on technology; $140 million on positive train control; $60 million on infrastructure and $50 million on freight cars.

James Squires, chairman, president and CEO, said the railroad is making smart, target investments that make sense.

“We’re open for growth and [there could be] additional investments if the returns are there, we’ll take our time, we’ll do it right, we’ll make sure that we maximize the returns from each and every dollar we put into the network going forward,” said Squires.

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