UP, CSX announce 2013 capex budgets

01/24/2013 | ProgressiveRailroading.com

CSX says it has budgeted $2.3 billion this year to enhance its network and upgrade its fleet. "The continued strong investment in CSX is a clear reflection of our desire to bring lasting transportation solutions to our customers, as well as to enable the inevitable movement of even more freight to rails," said Michael Ward, chairman, president and CEO of CSX. Meanwhile, Union Pacific will invest $3.6 billion in infrastructure replacement, equipment purchases, positive train control and capacity enhancement.

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