BNSF chief touts investment tax credit.(THE WEEK)

BNSF Chief Touts Investment Tax Credit: Matthew K. Rose, chief executive of BNSF Railway, said he favors an investment tax credit that would encourage expansion of U.S. rail capacity to handle growth driven by rising trans-Pacific trade. Speaking at the 6th Annual Trans-Pacific Maritime Conference sponsored by The Journal of Commerce last week, Rose said railroads have stepped up their capital spending to meet rising volume. He said the industry is investing about $9 billion a year in infrastructure, compared with about $6 billion in 2004. Rose …