Outline of how BNSF will use its $4.3B capex funds this year

09/30/2013 | RailwayAge.com

BNSF will invest $4.3 billion this year across a broad range of projects, including workforce-based productivity, new locomotive technologies and expanded crude-by-rail, writes William Vantuono. Almost half of the spending will be on engineering plans, "to make our rail network stronger, with more capacity, so that more customers will want to use our services," CEO Matt Rose said. Warren Buffett, whose company owns the railroad, bought it because he "firmly believes that railroads are essential to the long-term health of the U.S. economy, and will continue to grow as the need for efficient surface transportation increases."

View Full Article in:

RailwayAge.com