BNSF announces plan for 2024 capital investments
FORT WORTH, TEXAS – BNSF Railway Company (BNSF) announced its 2024 capital investment plan of $3.92 billion. BNSF’s capital investments play a key role in its ability to operate a safe and reliable network while supporting the anticipated needs of its customers.
“This year’s capital plan reflects our continued commitment to growth, by ensuring we have the capacity and equipment needed to support our customers,” said Katie Farmer, President and CEO. “We continue to invest in our network to ensure we run our railroad as safely and efficiently as possible, while building upon the strong service our customers expect.”
The largest component of this year’s capital plan, $2.88 billion, is devoted to maintaining BNSF’s core network and related assets. Investing in BNSF’s existing infrastructure ensures the railroad is in top condition, which results in less unscheduled service outages that can slow down the rail network and reduce capacity.
Maintenance projects include replacing and upgrading rail, track infrastructure like ballast and rail ties, and maintaining its rolling stock. It will consist of nearly 13,000 miles of track surfacing and/or undercutting work and the replacement of 365 miles of rail and approximately 2.8 million rail ties. Approximately $440 million of this year’s capital plan is for equipment acquisitions.
Just under $600 million of this year’s capital plan will be for expansion and efficiency projects, adding to the nearly $2.6 billion invested in expansion projects over the past five years. This year’s expansion plans support the growth of all our customers across our network.
On its Southern Transcon route between the West Coast and the Midwest, BNSF will support traffic growth by completing two multi-year projects that will increase capacity throughout the corridor. These include the addition of several segments of new track in Eastern Kansas and terminal and fueling improvements near Belen, New Mexico. In Illinois, BNSF will continue multi-year intermodal facility expansion projects in Chicago (Cicero). In California, BNSF will continue property acquisitions and development activities for the planned Barstow International Gateway project and complete a multi-year track efficiency improvement project in San Bernardino.
Contact:
Kendall Kirkham Sloan
Director of External Communications
Media@bnsf.com