BNSF announces $2.4-billion capital commitment program

Written by jrood

BNSF Railway Company 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. 

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."