45.3 F
Fort Worth
Wednesday, November 25, 2020
Technology BNSF plans $3.4 billion 2017 capital investments
Technology BNSF plans $3.4 billion 2017 capital investments

BNSF plans $3.4 billion 2017 capital investments

Other News

A look at big issues on Supreme Court’s agenda

Some of the issues either already on the Supreme Court's docket when it begins its new session or likely to be before the justices...

Wall Street posts solid gains after surge in corporate deals

By ALEX VEIGA and DAMIAN J. TROISE AP Business Writers Wall Street kicked off the week with a broad rally Monday, clawing back much of...

Tarrant County ranks low in work-from-home study by NAR

North Texas ranks pretty high in the “Work from Home” category, according to a just-released study by the National Association of Realtors. But Tarrant...

Commentary: Universities and COVID-19: Charting turbulent times

Ray Perryman As the COVID-19 pandemic emerged this spring, college campuses across the United States swiftly sent students home in droves and switched to...

BNSF Railway Company (BNSF) today announced its 2017 capital investments will total about $3.4 billion, with Texas receiving $255 million of that total.

“Each year we establish a capital plan that reflects the future needs of our customers and the constant need to keep our infrastructure in good working condition. This year’s capital plan ensures we continue to operate a safe and reliable rail network while capturing the new opportunities our customers will present to us,” said Carl Ice, BNSF president and CEO. “Our ongoing investments, along with the outstanding efforts of our employees, resulted in the lowest number of derailments in company history last year. The strength and condition of our railroad today gives us the confidence that we will operate safely in the communities we serve and meet our customers’ expectations of reliable and consistent service.”

Similar to last year’s $3.9 billion plan, replacing and maintaining BNSF’s core network and related assets will be the largest part of that total, about $2.4 billion. The projects included in this part of the plan will primarily be for replacing and upgrading rail, rail ties and ballast and maintaining its rolling stock. This year’s maintenance program will include approximately 20,000 miles of track surfacing and/or undercutting work and the replacement of about 600 miles of rail and nearly 3 million rail ties.

About $400 million of the capital investment will be for expansion projects, $100 million for the implementation of positive train control and $400 million for locomotives, freight cars and other equipment acquisitions.

The states on the BNSF network estimated to receive the largest investments this year include:

• Texas – $255 million

• Illinois – $190 million

• Washington – $175 million

• California – $170 million

• Kansas – $125 million

• Missouri – $120 million

• Montana – $100 million

• Nebraska – $100 million


close






Oh hi there 👋
It’s nice to meet you.

Sign up to receive awesome content in your inbox.

We don’t spam! Read our privacy policy for more info.

Latest News

Left for dead, twice, RadioShack gets another shot online

SILVER SPRING, Md. (AP) — RadioShack, a fixture at the mall for decades, has been pulled from brink of death, again. It’s the most prized...

GM to recall 7M vehicles globally to replace Takata air bags

DETROIT (AP) — General Motors will recall about 7 million big pickup trucks and SUVs worldwide to replace potentially dangerous Takata air bag inflators. The...

New law seeks additional fees on electric vehicles. Here’s how many EVs are in Fort Worth and how much it can cost

A Texan lawmaker is attempting to levy additional fees on electric vehicles (EV) that could cost North Texas EV drivers collectively more than $2.5...

E-commerce firm that acquired Pier 1, takes RadioShack assets

Look who is joining former Fort Worth home furnishing retailer Pier 1 Imports at e-commerce-focused business, Retail Ecommerce Ventures (REV): Fellow storied Fort Worth...

Huge Puerto Rico radio telescope to close in blow to science

SAN JUAN, Puerto Rico (AP) — The National Science Foundation announced Thursday that it will close the huge telescope at the renowned Arecibo Observatory...