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BNSF advances bridge projects in Idaho, Washington

Rail News Home BNSF Railway 5/15/2020 Rail News: BNSF Railway
image BNSF Railway is building a second rail bridge over Lake Pend Oreille adjacent to an existing rail bridge.Photo – BNSF Railway Co.

Work is advancing on two BNSF Railway Co. bridges this spring, one near Sandpoint, Idaho, and the other over Drano Lake in Skamania County, Washington.

BNSF is continuing work on a temporary rail bridge over Lake Pend Oreille near Sandpoint. Construction crews are building a second rail bridge adjacent to the existing rail bridge, and are currently working on a temporary span. That span will be taller than the eventual permanent bridge, which will be the same height as the existing bridge that BNSF is replacing, BNSF officials said in a recent company newsletter.

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BNSF posts Q1 revenue decline on lower volumes

Rail News Home BNSF Railway 5/5/2020 Rail News: BNSF Railway
image BNSF Railway Co. yesterday reported first-quarter net income fell 5 percent to $1.19 billion, operating income rose 2.5 percent to $1.8 billion and total revenue declined 6 percent to $5.4 billion compared with first-quarter 2019's results. The revenue decrease was primarily due to a 5 percent decrease in unit volume and a 1 percent decrease in average revenue per car/unit driven by an arbitration hearing recognized in Q1 2019, in addition to lower fuel surcharges, BNSF officials said in a press release. BNSF also reported the following first-quarter volume trends:
• Consumer product volumes fell 7 percent compared with the year-ago period primarily because of lower international intermodal volumes as the COVID-19 pandemic contributed to lower U.S. West Coast imports. Volumes further decelerated late in the quarter in the domestic intermodal and automotive segments as the pandemic's impact on U.S. consumers intensified.
• Industrial product volumes fell 2 percent compared with Q1 2019. The results were attributed primarily to lower sand volumes driven by increased competition from in-basin sand and due to lower liquefied petroleum gas volume attributable to increased pipeline takeaway capacity. These decreases were partially offset by higher demand for petroleum products.
• Agricultural product volumes rose 3 percent versus Q1 2019's results, primarily due to higher domestic grain and soybean meal shipments, partially offset by lower grain exports.
• Coal volumes fell 8 percent compared to the year-ago quarter primarily as a result of low natural gas prices, mild winter weather and plant retirements. Operating expenses during the quarter fell 10 percent to $3.59 billion, primarily due to lower volume- and weather-related costs, as well as productivity improvements.    

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BNSF customers' economic development projects topped $1B in 2019

Rail News Home BNSF Railway 2/27/2020 Rail News: BNSF Railway
image BNSF Railway Co. announced yesterday that its customers invested $1.2 billion in developments last year.The developments supported a variety of commodities, including consumer, agricultural and industrial products in more than 100 communities across the Class I's network, BNSF officials said in a press release.Last year was the ninth consecutive year that BNSF customers and local economic development organizations spent more than $1 billion in a calendar year for new or expanded facilities, they said."BNSF strives to offer unique supply chain solutions that fit our customers’ logistical needs and help maximize their investments,” said Colby Tanner, assistant vice president of economic development. "The flexibility of our rail development program allows our customers to reach new growing markets while saving time and money.”Examples of supply chain solutions that BNSF helped its customers achieve last year included:• Ag Processing Inc., a $300 million investment a soybean processing location, the company's 10th, in Aberdeen, South Dakota. The facility is expected to process more than 50 million bushels of soybeans annually and create 60 new jobs.
• Hostess Brands LLC invested $35 million in a new distribution center in Edgerton, Kansas. The project strengthened Hostess' distribution strategy with a direct connection to the U.S. supply chain through Logistics Park Kansas City.
• SeaCa Packaging, a plastics manufacturer that invested $18 million in opening its first plant location in Surprise, Arizona. The plant creates boxes for agriculture products.

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BNSF posts revenue decline on lower volumes in Q4, full-year 2019

Lower volumes due to severe winter weather and other factors contributed to BNSF Railway Co.'s revenue decline during fourth-quarter and full-year 2019, the Class I announced yesterday.

BNSF posted revenue of $5.8 billion for the quarter, down 6 percent, and $23.5 billion for all of 2019, down 1 percent, compared with Q4 and full-year revenue in 2018, railroad officials said in a press release.

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BNSF Railway's latest logistics center to serve Houston area

Rail News Home BNSF Railway 2/14/2020 Rail News: BNSF Railway
image The 1,100-acre business park is located next to Interstate 69 and State Highway 105Photo – bnsf.com

BNSF Railway Co. yesterday announced its newest logistics center — the Logistics Center North Houston at Cleveland in Texas.

Once completed, the rail-served development is designed to help businesses increase their reach and speed to the Houston market and surrounding area, BNSF officials said in a press release.

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