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New train robbers cut brakes
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New train robbers cut brakesTwo Mexican nationals have been arrested in recent days in connection with two burglaries on BNSF trains in the northern Arizona area Friday morning, the Arizona Daily Sun reports. The first burglary was reported near Williams, said Lena Kent, spokesperson for BNSF. A...
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Ag producers 'fed up' with BNSF
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Ag producers 'fed up' with BNSFTwo weeks ago, during a landmark U.S. Department of Agriculture (USDA) and Department of Justice (DOJ) workshop outside Des Moines, Iowa, Montana Attorney General Steve Bullock firmly put Montana at the forefront of the fight to restore competition in agricultur...
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Buffett touts rails as key to U.S. growth
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Buffett touts rails as key to U.S. growthIn Matt Rose's 10 years at the helm of BNSF Railway, he'd heard plenty of investors talk about quarterly performance. A few would even talk about the railroad's annual performance, USA Today reports. Then on Feb. 12, he answered a call from Warren Buffett, the...
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RTD to pay BNSF $144M for FasTracks land
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RTD to pay BNSF $144M for FasTracks landDENVER - RTD's board agreed Tuesday night to pay the BNSF Railway Co. about $144 million for land acquisition, relocation and engineering support tasks needed before RTD can begin construction of key FasTracks projects, the Post reports. Of the total, Regio...
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Despite $40M kick, S.D. rail yard unmoved
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Despite $40M kick, S.D. rail yard unmovedSIOUX FALLS, S.D. - The plan to relocate a rail switching yard in downtown Sioux Falls got a $40 million boost five years ago, but the project hasnt even begun, the Argus Leader reports. Though the project was scheduled to be completed last year, the city still...
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BNSF derailment blamed on faulty train track brace
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BNSF derailment blamed on faulty train track brace (The following story by Chris Paschenko appeared on The Daily News website on March 21, 2010.) SANTA FE A 22-car derailment, which spilled oil and prompted evacuations, was caused by a faulty underground railroad track brace, a Burlington Northe...
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Derailment in Lincoln causes morning scare
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Derailment in Lincoln causes morning scareLINCOLN, Neb. -- A train derailment in a Lincoln rail yard caused a scare early Tuesday morning on West O Street, because one of the cars that toppled was filled with about 23 tons of chlorine, the Journal Star reported. Officials have determined that the ca...
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Buffett explains BNSF acquisition in letter
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Buffett explains BNSF acquisition in letterCompany annual reports typically contain a letter from the CEO or Chairman. Many of these letters are boring and filled with half truths. There is one exception: Warren Buffet's annual letter to Berkshire Hathaway shareholders. His letters are eagerl...
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BNSF derailment at Wilson Creek, Wa.
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Wilson Creek Wa. is like the moon. In the middle of the nowhere landscapes of Eastern Washington. I visited there once...lasted about 7 minutes. There is no reason in world to visit there. Just happens to be part of the Chicago-Seattle BNSF mainline though. http://www.khq.com/Global/story.asp?...
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BNSF dispute threatens Central Montana Rail
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BNSF dispute threatens Central Montana RailThree months after BNSF Railway stopped making payments to the operators of Central Montana Rail, the branch line that snakes 87 miles from Geraldine to Moccasin is still in operation, the Great Falls (Mont.) Tribune reports. But for how long? Montana A...
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HAVE YOU HEARD WE WILL BE WEARING ORANGE VEST BEFORE SUMMER, EVERYDODY EXCEPT WHEN YOUR INSDIE THEW CAB OF THE LOCOMOTIVE IS WHAT WE WERE TOLD LAST MONTH. THEY ARE TEAR AWAYS WITH VELCO STRAPS. CANT WAIT WHATS NEXT HARD HATS.
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Excerpts from Warren Buffett's annual letter to shareholders
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Excerpts from Warren Buffett's annual letter to shareholders (The following appeared on the Omaha World-Herald website on February 27, 2010.) OMAHA, Neb. Excerpts from Warren Buffett's annual letter to shareholders. "When the financial system went into cardiac arrest in September 2008...
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Buffett: Execs should pay price for risky bets
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Buffett: Execs should pay price for risky bets (The Associated Press circulated the following story by Josh Funk on February 27, 2010.) OMAHA, Neb. Billionaire Warren Buffett, in his annual letter to shareholders, sternly urged companies to develop harsh penalties for executives who get into tr...
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Despite derails, BNSF maintains Tex. speeds
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Despite derails, BNSF maintains Tex. speedsSANTA FE, Texas -- Although two train derailments on Burlington Northern Santa Fe tracks prompted safety concerns, the railroad hasn't reduced the speed of rail traffic through Santa Fe, The Galveston County Daily News reports. Twenty-two cars and t...
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BNSF derailment causes evacuation
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BNSF derailment causes evacuationSANTA FE, Texas A derailment prompted the evacuation of some residents of Santa Fe this morning over concerns of a possible chemical leak, the Houston Chronicle reports. Police say several cars derailed before dawn. No injuries were immediately reported. Poli...
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Train continues to burn after Calif. derailment
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Train continues to burn after Calif. derailmentA BNSF freight train that derailed late Saturday night near Bakersfield, California, continued to burn Sunday as firefighters worked to put out flames caused by plastic pellets, CNN reported. Thick black smoke filled the air of Keene, about 30 mile...
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BNsf exits NYSE. Now it's part of Warren's World.
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And time ta replace it with KCS, and CN, and CP. Admittedly KCS is NOT a fully recognized Class-I outfit, being more of a 'regional,' or a Class-II railroad... The two big Canadians, CN, and CP ARE ClassIs, and should stand alone. Each as its own symbol denotes. KCS may not be all that important, but in th...
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BNSF buyout set to be completed today
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BNSF buyout set to be completed today (The following story by Bob Cox appeared on the Fort Worth Star Telegram website on February 11, 2010.) FORT WORTH, Texas Shortly after 9 a.m. today, Burlington Northern Corp., the parent company of the vast BNSF Railway Co., will become a part of the Warren Buffe...
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As part of Berkshire, BNSF can determine how much it says publicly about operations
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As part of Berkshire, BNSF can determine how much it says publicly about operations (The following story by John D. Boyd appeared on the Journal of Commerce website on February 15, 2010.) WASHINGTON, D.C. The acquisition of BNSF Railway by investment firm Berkshire Hathaway may determine how majo...
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Buffett's newest CEO rejoices at farewell to analysts, hedge-fund managers
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Buffett's newest CEO rejoices at farewell to analysts, hedge-fund managers (Bloomberg News circulated the following story by Andrew Frye on February 13, 2010.) OMAHA, Neb. Matthew Rose, chief executive officer of railroad Burlington Northern Santa Fe Corp., welcomed Warren Buffett as his com...
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What might BNSF say?
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What might BNSF say?The acquisition of BNSF Railway by investment firm Berkshire Hathaway may determine how major freight companies talk to their marketplace for years to come, according to the Journal of Commerce. Alone among the major North American railroads, BNSF's operations no longer wil...
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BNSF cites "milestone" on wedding day
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BNSF cites "milestone" on wedding day(BNSF issued the following statement Feb. 11 following shareholder approval of acquisition of BNSF by Berkshire Hathaway.) "Tomorrow begins the first century of ownership of BNSF by Berkshire Hathaway. I'm looking forward to every day of...
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BNSF shareholders aprrove Berkshire sale
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BNSF shareholders aprrove Berkshire saleStockholders of the corporation that owns BNSF Railway, North America's second-largest railroad, approved the $26 billion bid from Warren Buffett's Berkshire Hathaway to buy the 77 percent of BNSF shares it does not already hold, the Journal of Commerc...
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Fitch cuts Berkshire Hathaway ratings on BNSF deal
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Fitch cuts Berkshire Hathaway ratings on BNSF deal (The Associated Press circulated the following on February 11, 2010.) CHICAGO Fitch Ratings on Wednesday cut its key rating of Berkshire Hathaway Inc. two notches within investment-grade territory, citing risks that Warren Buffett's company...
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BNSF building intermodal business
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BNSF building intermodal businessIntermodal traffic on the BNSF Railway declined by double digits during last year's economic recession, but it is still one of the most important business units for the western railroad, the Journal of Commerce reports. BNSF's international intermodal volume...
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