BNSF Won't Face Trial Over Surcharge on Older Oil Tank Cars
BNSF Railway Co. won’t face a refining industry challenge to the $1,000 surcharge the nation’s largest oil hauler slapped on older-model tank cars it claimed can’t safely ship highly volatile crude from shale formations such as North Dakota’s Bakken region.
BNSF Fourth-Quarter Net Income Slips 6%
BNSF Railway, the railroad owned by investor Warren Buffett’s Berkshire Hathaway, reported net income for the fourth quarter slipped nearly 6% to $1.2 billion from $1.3 billion amid slowing demand for some freight, including crude oil shipments.
March 4, 2016After 34 years, Montana Coal Rail Line Project Remains in Limbo
A 34-year effort to build a coal-hauling rail line across the eastern Montana prairie finally may be at an end after the owners of the Tongue River Railroad asked the Surface Transportation Board to put its approval process on hold.
BNSF 3Q Net Income Rises 12%, Best Among US Rails
BNSF Railway, which is owned by investor Warren Buffett’s Berkshire Hathaway Inc., raised third-quarter net income 12% to $1.16 billion, which was the best earnings growth among the largest U.S. railroads.
November 16, 2015BNSF Bets on Rail Superhighway to Beat Trucks as Coal Fades
After this year, BNSF Railway Co. will be more than 99% finished with a second, parallel line to its 2,200-mile Los Angeles-to-Chicago route.
BNSF Pressures Congress to Extend 2015 Rail Safety Deadline
BNSF Railway Co. is ratcheting up pressure on Congress to postpone a deadline for installing a safety system by the end of the year, saying it would probably have to halt freight and passenger traffic if the requirement isn’t delayed.
BNSF Logistics Buys Transportation Technology Services
BNSF Logistics, which is owned by BNSF Railway, announced the acquisition of Transportation Technology Services to expand the buyer’s capability to manage oversize rail cargoes such as wind energy equipment.
BNSF Charging Less to Lug Oil in Cars That Meet Latest Federal Specs
Burlington Northern Santa Fe, the largest U.S. crude-by-rail carrier, is offering lower rates to lug oil in cars that meet the latest federal specifications issued in May.
BNSF Expects Crude-by-Rail Volumes to Grow After Price Rebound
A 37% rebound in oil prices will boost crude-by-rail shipments as drillers complete more wells and extract more crude that U.S. pipelines don’t have the capacity to handle, Burlington Northern Santa Fe executive chairman Matthew Rose said June 15.
BNSF Speeds Midwest-Northwest Service
BNSF Railway said effective Sept. 14 it will accelerate schedules for domestic intermodal freight moving between the Pacific Northwest and the Midwest after capital investment to expand capacity on the routes.
June 15, 2015