TLDR: Fort Worth-based BNSF Railway has announced its 2024 capital investment plan of nearly $4 billion. The plan includes $2.88 billion for maintaining BNSF’s core network and related assets, $440 million for equipment acquisitions, and under $600 million for expansion and efficiency projects. The company’s capital plan reflects its commitment to growth and ensuring it has the capacity and equipment needed to support its customers. It will also invest in its network to run the railroad safely and efficiently while providing strong service.
The maintenance part of the capital plan includes replacing and upgrading rail, track infrastructure, and maintaining rolling stock. BNSF plans to surface and/or undercut nearly 13,000 miles of track, replace 365 miles of rail, and maintain approximately 2.8 million rail ties. The company will spend around $440 million on equipment acquisitions.
Expansion and efficiency projects will receive just under $600 million, adding to the nearly $2.6 billion already invested in expansion over the past five years. These projects aim to support the growth of all the company’s customers across its network.
BNSF Railway plans to complete two multiyear projects on its Southern Transcon route, increasing capacity throughout the corridor. It will also continue multiyear expansion projects in Illinois and complete projects in California.
BNSF Railway operates over 32,500 route miles of track in 28 states and three Canadian provinces. It is a major transporter of consumer goods, grain, agricultural products, low-sulfur coal, and industrial goods like petroleum, chemicals, housing materials, food, and beverages.
