BNSF First-Quarter Net Income Drops 24%, Hurt by Coal Shipment Drop-Off
BNSF Railway reported a 24% drop in first-quarter net income tied to a sharp decline in coal shipments that also has afflicted other U.S. railroads.
May 13, 2016BNSF Casts Doubt on Future of Southern California Intermodal Project
BNSF Railway cast doubt on the future of its $500 million intermodal terminal facility in Southern California, saying “it is not clear whether or how the project could be built” in light of a recent court decision.
April 8, 2016California Court Ruling Blocks $500 Million Rail Project
BNSF Railway’s plan to build a $500 million intermodal terminal near the docks in Los Angeles and Long Beach, California, has suffered a setback that could endanger the project from a California court ruling that the state’s environmental rules were violated.
April 1, 2016BNSF Starts $180 Million Expansion of California Intermodal Rail Yard
STOCKTON, Calif. — BNSF Railway is beginning an expansion of its intermodal rail yard in Stockton as part of $180 million in planned capital expenditures in California this year.
March 31, 2016Low Rail Traffic Leads to Furloughs at BNSF
BNSF Railway has about 4,800 workers on furlough nationwide, according to a company official.
March 24, 2016BNSF 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.
March 16, 2016BNSF 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.
December 7, 2015BNSF 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.
October 7, 2015