BNSF Railway Company Will Spend 375 Million In Texas Expansion This Yeara

Dated: 02/16/2018

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BNSF Railway Company will spend $375 million in Texas track maintenance and expansion this year, the company announced Thursday morning.

Projects like resurfacing 1,400 miles of track and replacing 40 miles of rail and 450,000 ties will account for half of the capital spending. The rest will be spent on expansion projects, according to the Fort Worth-based railroad, which is a wholly-owned subsidiary of Warren Buffett's Berkshire Hathaway Inc. (NYSE: BRK.A).

"Texas has more miles of rail than any other state, with roughly 440 million tons of agricultural, energy, industrial and consumer products moving via the state’s rail lines each year," said Janssen Thompson, Red River division general manager of operations, in a prepared statement.

Texas is a key market for BNSF, as the company employs more than 8,900 people, owns more than 2,600 miles of track and operates three intermodal facilities in its home state.

Earlier this month, the company announced its total amount for capital projectsin 2018 would be $3.3 billion. Over the past five years, the Class I railroad has invested almost $1.8 billion just in Texas.

Some projects with North Texas ties include finishing BNSF's expansion projects at the Alliance Intermodal Facility it started in 2016. The company will also begin construction to replace its bridge over the Trinity River near downtown Fort Worth.

The railroad recently made headlines when it announced it was joining a transportation alliance dedicated to realizing the benefit blockchain technology can have on the logistics industry. The company also announced a new chief information officer, Muru Murugappan, earlier this month.

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Jared Anthony

As a full time professional real estate agent & former airline pilot, I pride myself on offering superior personal service before, during and after your transaction. Knowledge, commitment, honesty, ex....

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