November 22, 2024 2:39 am
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BNSF moving forward with Phoenix-area rail complex

By Audrey Jensen | Phoenix Business Journal

BNSF announces $3.96B capital investment plan for 2023.

Fort Worth-based BNSF Railway Co. is moving forward with two massive rail complexes, including one in the Phoenix metro, following its announcement to invest $3.96 billion in 2023. 

According to a news release, the largest component of the company’s capital plan is $2.85 billion, which will be invested in BNSF’s maintenance projects, including replacing and upgrading rail, track infrastructure, and rolling stock. The capital investment also breaks down $402 million into equipment acquisitions and over $700 million for expansions and efficiency projects. 

Read the full subscription story from the Phoenix Business Journal.

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