How BNSF Railway is meeting the freight demands of tomorrow
has tremendous opportunities ahead to meet the freight demands of tomorrow. I am confident that, as always, we’ll face the future with the tough-minded optimism that has long been part of our culture at BNSF.
We have a clear path forward to be a stronger railroad that is well-equipped to meet the future demands of our customers. To do that, we have to continue making investments in our business.
In 2014, we will invest a record amount for the industry with $5 billion in capital expenditures planned for this year. In fact, the past four years have been our largest capital expenditure programs ever! These investments will benefit all of our customers and ensure our long-term ability to handle future growth.
If you look at capacity expansion for a railroad – it is done in four ways: you can add people, locomotives, train cars and infrastructure. At BNSF, we are doing all four. We are hiring a record 5,000 employees, acquiring 5,000 railcars, buying 500 locomotives, which are all made possible by our $5 billion capital expenditure plan this year. We are investing over $600 million in terminal and line capacity expansion and we will complete more than 60 miles of double track on some of the busiest segments of our network.
The rail industry plays a critical role in helping the United States and North American economies grow and thrive by connecting our customers to domestic and international markets. We take that role very seriously.
BNSF will continue to remain focused on meeting our customers’ expectations, continuing to improve employee safety and strengthening our railroad to help ensure it remains the safest means for ground transportation for freight today and in the future.