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Article: United States: BNSF delays southern Dallas project.
- Article from:
- TendersInfo
- Article date:
- November 7, 2009
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Byline: manish03
The Great Recession is apt to delay Burlington Northern Santa Fe Corp.'s potential construction of a truck-and-rail cargo project in southern Dallas County, according to the railroad's top executive.
"At some point in time, we think that we'll have the need for an additional asset in southern Dallas," said Matthew Rose, BNSF's chairman and chief executive. "But this recession puts it out two or three more years."
Since the economy fell into recession in December 2007, the demand for freight transportation of all kinds has plunged. BNSF has seen freight volume decline by 22 percent to 25 percent since the end of 2007, Rose said. ...