BNSF Announces $4.1 Billion Capital Commitment Program

  BNSF Announces $4.1 Billion Capital Commitment Program

Business Wire

FORT WORTH, Texas -- January 18, 2013

BNSF Railway Company (BNSF) today announced a planned 2013 capital commitment
program of approximately $4.1 billion, approximately a $450 million increase
over its 2012 capital spend of $3.6 billion.

The largest component of the capital plan is spending $2.3 billion on BNSF’s
core network and related assets. BNSF also plans to spend approximately $1
billion on locomotive, freight car and other equipment acquisitions. In
addition, the program includes about $250 million for continued installation
of federally mandated positive train control (PTC) and $550 million for
terminal, line and intermodal expansion and efficiency projects. BNSF’s
expansion and efficiency projects will be primarily focused on capacity
expansion to accommodate Bakken Shale related industrial products growth,
intermodal terminal expansion, such as the completion of BNSF’s Kansas City
Intermodal Facility, and other terminal improvements to enhance productivity
and velocity.

“This record capital plan continues our long-term focus on ensuring our
network is prepared for the growing U.S. demand for freight rail,” said
Matthew K. Rose, chairman and chief executive officer. “We are focused on
investing to meet our customers’ expectations and to expand capacity where
growth is occurring. Given the importance of our low cost supply chain to the
U.S. economy, our privately funded rail infrastructure is well positioned to
ensure the U.S. ability to compete in global markets.”

About BNSF

BNSF Railway is one of North America’s leading freight transportation
companies operating on 32,500 route miles of track in 28 states and two
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. BNSF’s 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.

Contact:

BNSF Railway
John Ambler, 817-867-6407
 
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