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Midyear Report: Why investors turn to rail
Union Pacific’s record $3.7 billion in capital expenditures in 2012 returned quick dividends, and resulted in the 151-year-old railroad’s best year for its investors.
BNSF’s Johnson succeeds CP’s McFarlane in U.S.
Robert Johnson, who has spent 32 years with BNSF Railway and its predecessors, most recently as General Manager-Northwest Division, has been appointed Canadian Pacific Railway’s Vice President U.S. Operations. He…
STB OKs service shuffle on Louisiana rail line
The Surface Transportation Board has granted permission to Union Pacific Railroad to cease service on 12.5 miles of the Lockport Branch, located in Lofourche Parish, La., which UP owns, while…
Will Matt Rose succeed Warren Buffett at Berkshire Hathaway?
The evidence is mounting that BNSF chief executive Matt Rose is Warren Buffett’s choice to succeed him at Berkshire Hathaway.
Washington appeals court to hear railroad antitrust case
A multibillion-dollar antitrust suit alleging that four Class I railroads conspired to impose a uniform fuel surcharge on shippers will reach a crucial point on May 3, when a federal…
BNSF: Customers continue reducing C02 footprint
BNSF Railway says its customer base continues to reduce overall carbon dioxide emissions "shipping their freight by rail instead of entirely over the road," leveraging the environmental benefits of freight…
New Mexico offers BNSF fuel break
A new law in New Mexico will provide a tax break to lower the cost of locomotive fuel for the BNSF Railway Co., the Associated Press reported Wednesday.
Thank you, Betsy Morris (and the WSJ, too)
The Wall Street Journal has done a brilliant job of, as our Senior Consulting Editor Luther Miller likes to say, “making the obvious less obscure.”
Ceres Global Ag Corp. to build BNSF-served commodity logistics hub
Ceres Global Ag Corp. plans to develop a CA$90 million (US$90.23 million) commodity logistics hub in Northgate, SK, Canada connected to BNSF's United States rail network.
OSHA: BNSF signs employee practices accord
The U.S. Department of Labor's Occupational Safety and Health Administration (OSHA) on Tuesday said it has signed an accord with BNSF Railway Co., noting "BNSF's voluntary revision of several personnel…
Berkshire Hathaway completes short line sales
Berkshire Hathaway has divested a second short line, the White City Terminal Union Railway, ahead of a schedule set by the Surface Transportation Board earlier this year, as part of…
BNSF CEO sees record 2013 capex
BNSF Railway CEO Matt Rose says his railroad set a company record for capital investment in 2012, but expects to exceed that level in the coming year. BNSF has yet…
Mudslides mess with BNSF in Seattle area
BNSF rights-of-way in northwest Washington State have been affected by as many as 15 mudslides, triggered by heavy rain this week in the Pacific Northwest.
BNSF surge beefs up Berkshire earnings
Omaha, Neb.-based Berkshire Hathaway, Inc. continues to reap handsome returns from its purchase of BNSF Railway. Berkshire late Monday announced that total third-quarter revenue grew 22% year-over-year to $41.1 billion,…
Transitions can be difficult
The death recently of A. E. (Ted) Michon reminded me just how difficult transitions can be for those who must go through them.
Alfred E. Michon, 75
Alfred E. Michon, president of four regional railroads who also worked with both Burlington Northern (now BNSF) and Union Pacific, died Oct. 9 at age 75.
BNSF to mark new Burlington, Iowa, bridge
BNSF Railway says it will celebrate the completion of its new railroad bridge over the Mississippi River at Burlington, Iowa, with a public ceremony and reception this Thursday, Oct. 18.
RailComm to expand BNSF Amarillo yard system
Fairport, N.Y.-based RailComm said Monday it has been selected to provide a wireless remote control derail system at BNSF's Amarillo, Tex., yard for the roundhouse engine tracks.
STB to Berkshire Hathaway: Divest two railroads
The Surface Transportation Board has directed BNSF Railway's parent, Berkshire Hathaway, to "promptly remedy its noncompliance with railroad control requirements" stemming from its acquisition of BNSF in 2010.
Environmental report moves BNSF facility ahead
BNSF announced Sept. 29 that an updated Draft Environmental Impact Report (DEIR) released by the Port of Los Angeles found that a proposed BNSF Southern California International Gateway (SCIG) facility…
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