BNSF Announces $2.4 Billion Capital Commitment Program
January 21 2010 - 4:54PM
Marketwired
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.
Investor Contact: Linda Hurt (817) 352-6452 Media Contact: John
Ambler (817) 867-6407
bnsf (NYSE:BNI)
Historical Stock Chart
From Nov 2024 to Dec 2024
bnsf (NYSE:BNI)
Historical Stock Chart
From Dec 2023 to Dec 2024