BNSF plans to spend a record $6 billion next year to help speed trains and improve service crimped by surging grain and oil shipments. Almost $1.5 billion will go for expansion projects, BNSF said Thursday, with a third of that sum going to the northern U.S. region where the carrier collects oil from the North Dakota's Bakken shale formation and grain.
The increase in spending this year and 2015's boost, about 9 percent from 2014's updated total, shows BNSF's urgency in trying to remedy the slow and tardy trains that left grain farmers and coal shippers without rail cars.
BNSF also plans to buy 330 new locomotives in 2015.
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