(Reuters circulated the following story by Nick Carey on January 29.)
CHICAGO — U.S. railroad Burlington Northern Santa Fe Corp. said on Tuesday that it plans capital expenditures of $2.45 billion in 2008, down from the $2.59 billion it spent in 2007.
The news came in a presentation for analysts posted on the company’s Web site. BNSF also said it sees earnings per share growth in 2008 in the low double digits “over adjusted 2007 results” and by high single digits in the first quarter.
BNSF said it expects free cash flow in 2008 to be around $800 million after dividends.