BNSF Plans $100 M Capital Program In California To Improve And Expand Rail Capacity
FORT WORTH, TEXAS--(BUSINESS WIRE)--
BNSF Railway Company (BNSF) plans to invest an estimated $100 million on maintenance and rail capacity expansion projects in California this year.
BNSF’s 2013 capacity enhancement projects in California include preliminary design work for the Southern California International Gateway. This facility will eliminate millions of truck miles from the 710 Freeway. It will feature electric, wide-span cranes, ultra-low emission switching locomotives and low-emission rail yard equipment.
BNSF will also expand its automotive facility in San Bernardino by adding parking and track to support growth in new automobile traffic, and will construct a connection track between BNSF and Union Pacific main lines in the Richmond area.
BNSF will continue its robust track maintenance program in California, which will include 2,300 miles of track surfacing and undercutting work, the replacement of more than 100 miles of rail and more than 300,000 railroad ties, as well as signal upgrades for federally mandated positive train control (PTC).
“BNSF’s capital investments in California will help ensure our network is prepared for growing demand for freight rail,” said Matthew K. Rose, chairman and chief executive officer. “We are focused on investing to meet our customers’ expectations and on expanding capacity where growth is occurring. Given the importance of a low cost supply chain to the U.S. economy, our privately funded rail infrastructure is well positioned to help California compete in global markets.”
The planned capital investments in California are part of BNSF’s record 2013 capital commitment of $4.3 billion. The largest component of the capital plan is spending $2.3 billion on BNSF's core network and related assets. BNSF also plans to spend approximately $1 billion on locomotive, freight car and other equipment acquisitions, many of which will serve California. The program also includes about $200 million for positive train control and $800 million for terminal, line and intermodal expansion and efficiency projects.
Unlike other modes of transportation, U.S. freight railroads use their own private dollars, not tax dollars, to build and maintain their freight rail networks. Since the year 2000, BNSF has invested more than $42 billion to improve and expand its freight rail network.
BNSF Railway is one of North America’s leading freight transportation companies operating on 32,500 route miles of track in 28 states and two Canadian provinces. BNSF is one of the top transporters of consumer goods, grain and agricultural products, low-sulfur coal, and industrial goods such as petroleum, chemicals, housing materials, food and beverages. BNSF’s shipments help feed, clothe, supply, and power American homes and businesses every day. BNSF and its employees have developed one of the most technologically advanced, and efficient railroads in the industry. We work continuously to improve the value of the safety, service, energy, and environmental benefits we provide to our customers and the communities we serve. You can learn more about BNSF at www.BNSF.com.
Copyright Business Wire 2013