BNSF Railway Co. has acquired a 3,508-acre piece of land in the Phoenix region with plans to develop it as its Western hub, according to state records.
BNSF purchased the property last week for $49.1 million when it was the winning and sole bidder for land at an Arizona State Land Department auction.
The railway said Arizona is an important area for economic growth and the land is a good long-term investment.
“This land is adjacent to the BNSF rail line [in Phoenix’s West Valley] and BNSF...
https://www.freightwaves.com/news/bnsf-planning-massive-hub-near-phoenix