BNSF Railway Co. will spend $80 million this year on maintenance and expansion projects in New Mexico.
About half of BNSF's New Mexico capital expenditures plan will focus on upgrading rail, ties and ballast. The remainder of the plan will go toward track expansion, including in the Gallup Subdivision.
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BNSF Railway Co. has requested to join Lighthouse Resources' lawsuit against Washington Gov. Jay Inslee and key members of his administration over permit denials for Millennium Bulk Terminals' proposed Longview coal terminal.
BNSF's complaint contends that Washington state officials unduly violated interstate commerce, a violation of the U.S. Constitution's dormant commerce clause and the ICC Termination Act (ICCTA) by using supposed rail impacts to deny permits for Millennium Bulk Terminals.
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BNSF Railway Co. posted fourth-quarter and full-year operating income of $2 billion and $7.3 billion respectively, an increase of 11 percent and 10 percent, respectively, compared with the same periods in 2016, the Class I reported yesterday.
Fourth-quarter revenue rose 6 percent to $5.6 billion, while full-year revenue increased 8 percent to $21.3 billion. BNSF attributed those results to increases in unit volume for the fourth quarter of 3 percent and full year of 5 percent, as well as higher average revenue per car/unit.
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BNSF Railway Co. will spend $110 million this year on network maintenance projects in Oklahoma.
The Class I's Oklahoma capital expenditures program in 2018 will primarily focus on replacing and upgrading rail, ties and ballast, according to a BNSF press release.
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BNSF Railway Co. this week continued to roll out its 2018 capital expenditure plans for individual states where the Class I's network operates. BNSF's latest announcements: Texas, Kansas and Missouri.
In Texas, BNSF expects to spend $375 million this year on maintenance of rail, ties and ballast, as well as expansion projects designed to enhance the network's capacity and fluidity, BNSF officials said in a press release.
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BNSF Railway Co. will spend $160 million to upgrade its infrastructure in Washington state, the Class I announced yesterday.
The railroad's Washington capital expenditures plan this year will focus on maintenance projects. The plan's largest component will involve replacing and upgrading rail, ties and ballast, BNSF officials said in a press release.
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BNSF Railway Co.'s customers invested nearly $7.7 billion in new or expanded facilities in 2017, the Class I announced yesterday.
Last year marked the seventh consecutive year that BNSF customers and local economic development organizations invested more than $1 billion in a calendar year on new or expanded facilities. The investments are expected to generate 3,500 new jobs in local communities, according to a BNSF press release.
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BNSF Railway Co. will spend $3.3 billion on capital expenses this year, the Class I announced yesterday.
The investment is the same amount as last year's capital budget, according to a BNSF press release.
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A Cloud Peak Energy subsidiary has entered into a term coal export sales agreement with Singapore-based JERA Trading Ltd.
Coal produced at Cloud Peak Energy's Spring Creek mine near Decker, Montana, will be carried by BNSF Railway Co. to Westshore Terminals at Roberts Bank, Vancouver, where it will be loaded and shipped to two new integrated coal gasification combined cycle (IGCC) power plants in Fukushima Prefecture, Japan.
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By employing autonomous geometry cars, the railroad has more than tripled the mileage of track tested on an annual basis to about 300,000.Photo – BNSF Railway Co.
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The revamped and retooled network operations center opened in October 2017.Photo – BNSF Railway Co.
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BNSF Railway Co. and the Port of Portland have begun offering a new service at Terminal 6 that enables shippers to move their products on a rail shuttle to the Puget Sound ports.
The new partnership will move containers between Portland and Seattle/Tacoma, where goods can be loaded onto ocean carriers. The rail service will operate five days a week.
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BNSF Railway Co. has awarded its "Certified Site" designation to three properties, the Class I announced yesterday.
The sites — which are located in North Dakota, South Dakota and Oklahoma — feature hundreds of acres that are ready for new industrial facility development.
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The Merced County, California, Board of Supervisors earlier this week authorized a memorandum of agreement with the the Port of Los Angeles that calls for a joint business development plan.
The agreement will help open the door to "significant investment and development" in the Mid-California International Trade District located at Castle Commerce Center and Castle Airport in Atwater, California, county officials said in a press release.
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