USE THIS ONE-cbs-11 RED-tx3-21 krld_feature-logo the-fan_feature-logo

Local

BNSF To Spend $3.9 Billion On Rail Network

View Comments
916404 BNSF To Spend $3.9 Billion On Rail Network

The entrance sign to BNSF railway corporate headquarters campus in Fort Worth.

FORT WORTH (AP) — The Burlington Northern Santa Fe railroad plans to invest $3.9 billion in upgrades to its network this year.

The railroad said Wednesday that its capital spending plan is $400 million bigger than its 2011 budget of $3.5 billion. Overall, the nation’s major freight railroads, which include BNSF, plan to spend about $13 billion this year, up from 2011′s $12 billion, as the economy improves.

BNSF says most of its spending — $2.1 billion — will upgrade its core rail network. Another $1.1 billion will be spent on locomotives, freight cars and other equipment. About $300 million will be spent on developing the federally mandated system to remotely stop trains headed for a collision.

The Fort Worth based railroad is owned by Warren Buffett’s Omaha-based Berkshire Hathaway Inc.

(Copyright 2012 by The Associated Press.  All Rights Reserved.)

View Comments
  • http://dallasforme.com/2012/02/bnsf-to-spend-3-9-billion-on-rail-network/ » BNSF To Spend $3.9 Billion On Rail Network Me and the Chicks

    [...] Network BNSF railroad plans to invest $3.9 billion in upgrades to its network this year. More from: http://dfw.cbslocal.com/2012/0… Filed under Uncategorized | Leave a [...]

  • http://fortworthinsight.com/news/bnsf-to-spend-3-9-billion-on-rail-network/ BNSF To Spend $3.9 Billion On Rail Network « Fort Worth News Feeds

    [...] Go to News Source [...]

  • http://travel2dallas.us/the-latest-dallas-news-headlines-forfeb-02-2012/ The Latest Dallas News headlines for Feb 02 2012 : Travel tips, hotels, restaurants, jobs and news | Travel 2 Dallas

    [...] northern industrial city of Monterrey, the U.S. Embassy and their family said WednesdayBNSF To Spend $3.9 Billion On Rail NetworkBNSF railroad plans to invest $3.9 billion in upgrades to its network this year.Katy Perry To Make [...]

blog comments powered by Disqus
Listen Live!