Thursday, June 28, 2012

BNSF plans $92 million capital program in Oklahoma to maintain and improve rail capacity

FORT WORTH, TEXAS, June 27, 2012 – BNSF Railway Company (BNSF) plans to invest an estimated $92 million on maintenance and rail capacity improvement projects in Oklahoma this year.
BNSF will continue its robust track maintenance program in Oklahoma, which will include 667 miles of track surfacing and undercutting work, the replacement of 29 miles of rail and about 196,000 ties, as well as significant signal upgrades for the federally mandated positive train control (PTC).
 “Investment in BNSF’s network in Oklahoma is an investment in Oklahoma jobs and competitiveness, and will ensure our infrastructure remains strong and efficient to better serve Oklahoma shippers and the state’s economy,” said Matthew K. Rose, Chairman and Chief Executive Officer.
The planned capital investments in Oklahoma are part of BNSF’s total 2012 capital commitment of $3.9 billion. The largest component of the capital plan is spending $2.1 billion on BNSF's core network and related assets. BNSF also plans to spend approximately $1.1 billion on locomotive, freight car and other equipment acquisitions, many of which will serve Oklahoma. The program also includes about $300 million for federally mandated positive train control and $400 million for terminal, line and intermodal expansion and efficiency projects.

U.S. Department of Commerce economic data indicates that every dollar invested in freight railroads yields $3 in economic output and according to a Department of Commerce economic model, every freight rail job supports another 4.5 jobs somewhere else in our economy.

About BNSF
BNSF Railway is one of North America’s leading freight transportation companies operating on 32,000 route miles of track in 28 states and two Canadian provinces. BNSF is one of the top transporters of consumer goods, grain, industrial goods and low-sulfur coal that help feed, clothe, supply, and power American homes and businesses every day. BNSF and its employees have developed one of the most technologically advanced, and efficient railroads in the industry. We work continuously to improve the value of the safety, service, energy, and environmental benefits we provide to our customers and the communities we serve. 

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