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3/1/2022
BNSF Railway Co. will invest $3.55 billion this year on capital projects, the Class I announced yesterday. The railroad's capital commitments totaled $2.97 billion in 2021.
The largest component of BNSF's 2022 capital plan will be to replace and maintain the railroad's core network and related assets. The plan's maintenance component calls for $2.71 billion to be spent on replacing and upgrading rail and track infrastructure, as well as maintaining rolling stock.
Those projects will include nearly 14,000 miles of track surfacing and/or undercutting work, and the replacement of 381 miles of rail and about 2.7 million ties.
BNSF has budgeted $580 million for expansion and efficiency projects to support the growth of its consumer, agricultural and industrial products customers’ businesses.
On the railroad's Southern Transcon route between Southern California and the Midwest, BNSF will continue a multiyear effort to add several segments of new double track in eastern Kansas and begin a multiyear effort to add a new segment of triple track in California, both to support traffic growth. In addition, BNSF will continue a multiyear bridge project near Sandpoint, Idaho, to increase train capacity in the Pacific Northwest.
In addition, BNSF will continue or begin multiyear intermodal facility expansion projects in North Texas and Chicago. In Southern California BNSF will undertake various initiatives to improve the efficiency of its intermodal facility. Moreover, about $259 million of this year’s capital plan will be invested in freight cars and other equipment acquisitions.
“Every year through our capital plan, we work to ensure we are able to continue to operate a safe and efficient rail network, provide our customers with the level of service they have come to expect from BNSF, as well as position ourselves for future growth opportunities,” said Katie Farmer, president and CEO, in a press release.