The Western U.S. railroad expects to invest $2.99 billion in capital projects to maintain and upgrade its infrastructure and assets.
After cutting the price by more than a third from a new stock offering of $75 million, TravelCenters of America shares fell below the revised asking price Wednesday.
Jim Blaze writes about the advantages to the railroads of rebuilding locomotives instead of buying new ones.
The railroad is reducing its capital expenditures budget for this year, but it will allocate more funding toward replacing and upgrading network infrastructure.
Jim Blaze writes about the decisions that will go into determining 2020 capital expenditures by the freight railroads.
A recent polling of business leaders regarding future plans for capital investment declined sequentially in the third quarter. Capital investments traditionally lead to future freight demand and have been a meaningful contributor to recent economic expansion in the U.S.
