BNSF Railway Company (BNSF) today announced its 2019 capital investment plan of $3.57 billion. The emphasis of this years capital plan continues to be on maintaining and expanding its network with an unwavering focus on operating a safe railroad that meets customers demands.
Our rail network is in excellent shape and its condition is a direct result of our continued capital investments, said Carl Ice, president and CEO. We work tirelessly to provide the level of service our customers expect and to position ourselves well for future growth opportunities.
BNSF has invested nearly $65 billion in its network since 2000 while remaining focused on its commitment to safety, maximizing efficiency and continuing to meet customers expectations. The largest component of this years capital plan will be to replace and maintain BNSFs core network and related assets, much like last years $3.4 billion capital program.
Keeping the railroad well maintained limits the need for unscheduled service outages that can slow down the rail network and reduce capacity. The maintenance component of this years plan totals roughly $2.47 billion. The projects included in this part of the plan largely consist of replacing and upgrading rail as well as track infrastructure like ballast and rail ties (which are the main components for the tracks on which BNSF trains operate) and maintaining its rolling stock. It will include approximately 12,000 miles of track surfacing and/or undercutting work and the replacement of 535 miles of rail and nearly 2.3 million rail ties.
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Approximately $760 million of this years capital plan has been allocated for expansion and efficiency projects. A majority of the expansion projects are planned on the Northern and Southern Transcon routes, connecting Southern California with Chicago and the Pacific Northwest to Upper Midwest respectively. About $340 million of this years capital plan is for freight cars, locomotives, and other equipment acquisitions.
BNSF Railway is one of North Americas leading freight transportation companies. BNSF operates approximately 32,500 route miles of track in 28 states and also operates in three Canadian provinces. BNSF is one of the top transporters of consumer goods, grain and agricultural products, low-sulfur coal, and industrial goods such as petroleum, chemicals, housing materials, food and beverages. BNSFs shipments 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. You can learn more about BNSF at www.BNSF.com.