Five of North America's seven largest railroads plan to spend more - up to 25 percent more - on capital projects this year than they spent in 2010. Class Is' capital budgets include ongoing investments in positive train control (PTC) programs, senior executives said during fourth-quarter 2010 earnings teleconferences/webcasts last month. This year's plans also call for infrastructure and technology upgrades, locomotive and freight-car acquisitions, and other projects designed to improve efficiency as railroads prepare for growth.
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