FORT WORTH, Texas — BNSF will increase capital spending to $3.55 billion in 2022, after a spend of $2.97 billion in 2021, the railroad reported in its fourth-quarter financial summary.
Of that $3.55 billion, $2.71 billion is budgeted for maintenance and replacement, including 14,000 miles of track surfacing or undercutting; replacement of 381 miles of rail; and replacement of approximately 2.7 million crossties.
Another $580 million will be for capacity expansion work, including the continuing double-track project on the Southern Transcon in Kansas, and a new triple-track project in California; an ongoing bridge project to address a bottleneck near Sandpoint, Idaho; and intermodal facility projects at Cicero, Ill; Alliance, Texas; and San Bernardino, Calif. An additional $259 million is designated for acquisition of freight cars and other equipment.
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