BNSF announced last week a capital commitment plan for 2014 of $5 billion, which it said is a record plan and a $1 billion increase over its expenditures in 2013.
The railroad will spend $2.3 billion on network upgrades, $1.6 billion on equipment purchases, $900 million for terminal and other expansion, and $200 million for positive train control installation.
“Our capital plan continues to focus on improving our ability to meet our customers’ service expectations, increasing our capacity where there is growth, and strengthening our railroad to help ensure it remains the safest means of ground transportation for freight,” Carl Ice, the carrier’s president and chief executive officer, said in a statement. “BNSF’s capital investments are an integral part of making sure our network is well prepared for the demand for freight rail service in the U.S. and helps ensure
BNSF to invest $5 billion in 2014
