BNSF moving forward with Phoenix-area rail complex amid nearly $4 billion capital investment plan for 2023

According to a news release, the largest component of the company's capital plan is $2.85 billion, which will be invested in BNSF's maintenance projects, including replacing and upgrading rail, track infrastructure, and rolling stock. The capital investment also breaks down $402 million into equipment acquisitions and over $700 million for expansions and efficiency projects.

"Our capital plan reflects our growth mindset and commitment to having the capacity and equipment we need to support our customers. Continued investment in our network through our capital plans helps ensure we run a safe, efficient and growing railroad that provides customers with the service they expect from BNSF," Katie Farmer, president and CEO of BNSF, said in a news release.

The company said it will complete a second main track expansion in Fort Worth, along with other track developments in Missouri, between Eastern Kansas and Southern California, New Mexico, Washington, and two more in California.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BNSF progresses on Phoenix metro rail complex amid announcement for $3.96B capital investment plan for 2023 - Phoenix Business JournalThe company's $3.96B in capital investments will be broken down to be invested in maintenance projects, equipment acquisitions, and expansions and efficiency projects. Part of the company's expansion includes two major rail complexes it has proposed for Arizona and Southern California.
Source: phxbizjournal - 🏆 254. / 63 Read more »