Third Consecutive Year of Record Investment in BNSF Network and Infrastructure
BNSF Railway recently announced that its planned capital expenditures for 2015 will be $6 billion, which will go toward maintenance and expansion of the railroad in order to meet the expected demand for freight rail service. The 2015 plan marks the third year in a row that BNSF has committed a record amount for capital investments. BNSF also updated its planned capital expenditures for 2014, which now are expected to be $5.5 billion.
While I was on the road for Center business a couple of weeks ago, I caught BlackRock CEO Larry Fink on Squawk Box. Fink is bullish on U.S. equities. With $4.4 trillion under management, he is someone who a lot of investors listen to, whether they agree with him or not. The panel of Squawk Box interlocutors was discussing with Fink how our dovish Fed is dampening volatility (and trading volume) in the markets, reducing the opportunity to make quick money. Fink’s position in this conversation caught my attention.
Cloquet Pulp Mill Converted to Produce Specialised Cellulose Safely, On Time, Within Budget, and Exceeding Quality Specifications
BOSTON, October 30, 2013 /3BL Media/ – Sappi Fine Paper North America announced today the successful completion of its US$170 million capital conversion project at the Cloquet Mill in Minnesota to produce Specialised Cellulose, which is used in textile and consumer goods markets. The conversion initiated in 2011, was accomplished on time, within budget, and safely.