- Associated Press - Wednesday, February 5, 2014

OMAHA, Neb. (AP) - BNSF plans to invest $5 billion in its railroad this year, including $900 million to expand capacity in the Northern Plains where crude oil shipments are surging.

The railroad said Tuesday its 2014 spending plan is roughly $1 billion higher than last year. BNSF says it’s responding to significant volume growth.

Some projects should help alleviate congestion near the booming Bakken oil field in North Dakota and Montana. Last week, the National Association of Railroad Passengers complained to officials that the growth in oil shipments was disrupting Amtrak passenger service.

In addition to expanding capacity, BNSF plans to spend $2.3 billion maintaining its network and $1.6 billion on locomotives and equipment.

BNSF is based in Fort Worth, Texas, but it is owned by Omaha, Neb., based conglomerate Berkshire Hathaway Inc.


Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide