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BNSF mailing urges shareholders to vote for Berkshire deal
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BNSF mailing urges shareholders to vote for Berkshire deal (The following story by Alex Crippen appeared at CNBC.com on January 4, 2010.) NEW YORK A colorful age brochure is being mailed by Burlington Northern Santa Fe to its shareholders, urging them to vote for the freight railroad's proposed ac...
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BNSF worker killed in Minneapolis switching accident (The following appeared on the Minneapolis Star-Tribune website on December 29, 2009.) MINNEAPOLIS, Minn. A Burlington Northern Santa Fe Railway employee was killed in Minneapolis on Tuesday when a rail car jumped its tracks and pinned him a...
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Analysts suggest Buffett overpaid for BNSF
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Analysts suggest Buffett overpaid for BNSFEarnings estimates for Berkshire Hathaway's BNSF railroad acquisition could signal weaker-than-anticipated U.S. industrial activity in 2010, reports Barrons financial weekly. Railroads, which transport more than 40 percent of U.S. freight, ar...
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BN forecasts hint at weak 2010
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BN forecasts hint at weak 2010NEW YORK - Earnings estimates for Berkshire Hathaway's Burlington Northern Santa Fe Corp railroad acquisition could signal weaker-than-anticipated U.S. industrial activity in 2010, according to a report in the December 28 issue of Barron's, Reuters reports. Rai...
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Is BNSF bully or savior in Montana?
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Is BNSF bully or savior in Montana?DENTON, Mont. The billionaire investor Warren Buffett, in buying control of the nations second-biggest railroad last month, BNSF believed in Americas future and the role that railroads would play in building that future, reports The New York Times. On a much, m...
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Buffett: It's simple, railroads are not pet rocks
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Buffett: It's simple, railroads are not pet rocks (Reuters circulated the following story by James B. Kelleher on December 24, 2009.) CHICAGO When Warren Buffett said last month that his Berkshire Hathaway Inc. was buying Burlington Northern Santa Fe Corp (BNI.N) for $26 billion, he characteriz...
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BNSF wants monopoly suit heard in federal court
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BNSF wants monopoly suit heard in federal court (The Associated Press circulated the following story by Matthew Brown on December 24, 2009.) FORT WORTH, Texas BNSF Railway and state officials are engaged in a legal skirmish over whether a shipping monopoly lawsuit should be heard in federal or sta...
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BNSF, UP to serve new Wyoming logistics hub
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BNSF, UP to serve new Wyoming logistics hub (The following appeared on the Progressive Railroading website on December 21, 2009.) After several years of development efforts, the rail-served Cheyenne Logistics Hub is set to get under way next year at Swan Ranch in Wyoming. The McMurry family, whic...
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Buffett sees China trade benefiting BNSF
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Buffett sees China trade benefiting BNSFBillionaire Warren Buffett, chairman of Berkshire Hathaway Inc., told employees of BNSF Dec. 21 that hes buying the railroad because of its position in the U.S. West, reports Bloomberg news. I think the West is going to do well, Buffett told BNSF workers du...
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Seattle to pay BNSF $81M for line
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Seattle to pay BNSF $81M for lineThe Port of Seattle announced today it is buying the partially abandoned Renton-to-Seattle rail line from BNSF Railway for a reduced price of $81.4 million a deal that may eventually lead to side-by-side trails and passenger trains, the Seattle Times reports. A wea...
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WTF....??
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Freight train derails in Illinois, no injuries Associated Press - December 20, 2009 10:34 PM ET WYANET, Ill. (AP) - BNSF Railway says crews are cleaning up after a freight train derailed in north-central Illinois. Company spokesman Steve Forsberg says 19 cars of a 92-car freight train derailed nea...
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BNSF appeals jury award
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BNSF appeals jury awardST. PAUL, Minn. -- Burlington Northern Santa Fe Railway is appealing a jury's decision that found the railroad mostly responsible in a car-train crash that killed four young people in Anoka in 2003, Minnesota Public Radio reported. Last year, the jury ordered Burlington No...
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FTC, DOJ give green-light to BNSF deal
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FTC, DOJ give green-light to BNSF dealThe $26 billion buyout of BNSF Railway by Warren Buffett's Berkshire Hathaway investment firm cleared a key antitrust review process, reports the Journal of Commerce. The Federal Trade Commission listed the transaction among several that were granted &quo...
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Minn. judge hits BNSF with $4M fine
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Minn. judge hits BNSF with $4M fineSTILLWATER, Minn. -- A state judge has ordered BNSF to pay $4 million to the families of four people killed at a train crossing in Anoka County in 2003. Washington County Judge Ellen Mass ordered the award Thursday after finding that Burlington Northern Santa Fe Cor...
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Attention Sir Snips-a-lot
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BNSF freight train derails on main line near Gillette (The Associated Press circulated the following on December 9, 2009.) GILLETTE, Wyo. A freight train has derailed 35 miles east of Gillette on a heavily traveled stretch of the Burlington Northern Santa Fe railroad. No one was injured in the dera...
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Huh?
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Rebuild switchers? Up thissaway? Oh yeah...then make 'em inta RCLs, 'cause we're runnin' outa Geeps ta wreck out there! BNSF adds yard duties; to rebuild switch engines BNSF has assumed switching and classification responsibilities at the Dayton, Tex., Yard. Dayton Yard is about 40 miles east of...
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Berkshire Hathaway eyes stock split
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Berkshire Hathaway eyes stock splitBerkshire Hathaway Inc. will hold a shareholder meeting Jan. 20 on its proposal to undertake a 50-to-1 split of its Class B shares as part of its acquisition of Burlington Northern Sante Fe Corp., according to the Wall Street Journal. The railroad is already 23 pe...
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BNSF preps for UPS' peak season
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BNSF preps for UPS' peak seasonBNSF Railway Co. has a new slogan for the United Parcel Service (UPS) peak season this year: Perfection isn't a goal, it's the goal, Progressive Railraoding reported. The peak season for BNSF's second-largest intermodal customer will run from Nov. 27 to Dec. 23. In th...
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Yay Matt! You go girl!
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Who needs that stinkin' Hairyman award? Not our boy Matt Rose! He just got somethin' better! Yep...he gots a buyout of all his stock...for a hunnert bucks per. And the new owner of dem shares, and the rest? Warren Buffet! BNSF Chairman, President, CEO Matthew Rose named Railway Age Railroader of the Y...
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BNSF to ration grain loads
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BNSF to ration grain loadsBNSF Railway has implemented a permit embargo to control movement of export grain shipments to backed-up seaports in the Pacific Northwest, after heavy rains slowed ship loadings, according to the Journal of Commerce. The company told customers that the new rules, in wh...
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Former BNSF official picked to head new TxDOT rail division
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Former BNSF official picked to head new TxDOT rail division (The following story by Gordon Dickson appeared on the Fort Worth Star-Telegram website on November 24, 2009.) FORT WORHT, Texas A Southlake man has been picked to serve as director of the Texas Department of Transportations new rail divi...
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BNSF Closing 19 Terminals?
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Guys this one is a rapidly developing story. What some of us are hearing is the BN&SF will be closing 19 terminals. Sources are saying all the terminals are in the Powder River Basin. I'm also hearing Warren Buffet himself will heavily compensate any and all employees affected.
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Buffett's Berkshire secures $8 billion loan for BNSF deal
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Buffett's Berkshire secures $8 billion loan for BNSF deal (The Associated Press circulated the following on November 20, 2009.) OMAHA, Neb. Warren Buffett's company has lined up an $8 billion loan to help pay for its $26.3 billion acquisition of Burlington Northern Santa Fe Corp. Berkshire Hatha...
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STB unlikely to review Buffett's BNSF buy
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STB unlikely to review Buffett's BNSF buyWASHINGTON -- The top economic regulator of U.S. railroads said the potential for his agency to have a role reviewing Warren Buffetts planned purchase of BNSF Railway is looking more and more remote, the Journal of Commerce reports. Daniel Elliott, chairm...
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Montana sues BNSF over payments
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Montana sues BNSF over paymentsAttorneys for Montana have filed a lawsuit against BNSF Railway Co. for failing to live up to a 1984 agreement that the state says requires the company to pay some grain shipping costs in central Montana, the Associated Press reports. BNSF had agreed to pay a state-des...
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