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Tuesday, April 13, 2021

BNSF to invest $3.3 billion in rail maintenance, upgrades

OMAHA, Neb. (AP) — BNSF railroad is planning to invest $3.3 billion in its railroad again this year.

The Fort Worth-based railroad said Wednesday it plans to match last year’s spending on maintenance projects and upgrades to its rail network.

BNSF plans to spend $2.4 billion to maintain and repair its rail network and locomotives. That will include rehabilitating 13,000 miles of track.

The railroad’s plans also include investing about $500 million to expand capacity.

BNSF says it is nearly done with the installation of the automatic braking system federal officials required. So the railroad plans to spend only about $100 million on that system this year.

BNSF is owned by Warren Buffett’s Omaha, Nebraska-based Berkshire Hathaway conglomerate. BNSF operates 32,500 miles of track in 28 western states and three Canadian provinces.

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