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Nov
06

BNSF posts higher revenue, expenses in Q3

Rail News Home BNSF Railway 11/6/2018 Rail News: BNSF Railway
BNSF Railway Co. reported third-quarter revenue rose 16 percent to $6.1 billion from $5.3 billion, while operating income increased 9 percent to $2.1 billion from $1.9 billion in the same quarter a year ago.The Class I's net income in the quarter surged 34 percent to $1.4 billion from $1 billion in Q3 2017, according to BNSF's Q3 performance summary.BNSF posted an operating ratio of 64.5 percent for the quarter, compared with 62.4 percent a year ago. Expenses during the quarter increased 20 percent to $4 billion from $3.4 billion in Q3 2017.Average revenue per car/unit rose 11 percent during the quarter as a result of business mix changes, higher fuel surcharges driven primarily by higher fuel prices and increased rates per car/unit.Also during Q3 2018 compared with last year:
• Consumer product volumes rose 1 percent due to higher intermodal volumes;
• Industrial products volume increased 13 percent primarily due to strength in the industrial and energy sectors;
• Agricultural products volume rose 16 percent due to strong export and domestic grain shipments, as well as higher fertilizer and other grain products; and
• Coal volume fell 5 percent, primarily due to plant retirements combined with competition from natural gas and renewables, partially offset by market share gains and improved export volumes.

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Sep
27

Honda recognizes BNSF for transportation excellence

Rail News Home BNSF Railway 9/27/2018 Rail News: BNSF Railway
BNSF was recognized for "efficient and reliable railway transport of finished vehicles."Photo – bnsf.com

American Honda Motor Co. recently honored BNSF Railway Co. with the auto manufacturer's Premier Partner Award for excellence in transportation.

The Class I was among 15 of Honda's suppliers to receive the award. BNSF was recognized for "efficient and reliable railway transport of finished vehicles," according to a BNSF press release.

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Mar
12

BNSF budgets $90 million for Minnesota capex

BNSF Railway Co.'s 2018 capital expenditure program will include $90 million for maintenance projects in Minnesota.

The largest component of this year's capital plan in the state will be replacing and upgrading rail, ties and ballast, the Class I announced in a press release.

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Oct
25

OCTA wraps up grade separation projects along BNSF line

Rail News Home BNSF Railway 10/25/2017 Rail News: BNSF Railway
OCTA CEO Darrell Johnson (left) poses with local officials from Fullerton, California.Photo – City of Fullerton's Twitter account

The Orange County Transportation Authority (OCTA) yesterday marked the completion of seven grade separation projects along a BNSF Railway Co. line running through Fullerton, Anaheim and Placentia, California.

The $663 million effort involved building vehicular bridges and underpasses to separate motorists and pedestrians from the rail line, which is used by at least 70 trains daily.

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Aug
08

BNSF's Q2 revenue off on lower volume, fuel surcharges

BNSF Railway Co.'s net income fell 20 percent to $772 million and total revenue declined 15 percent to $4.6 billion in the second quarter compared with year-ago results, according to Berkshire Hathaway, the Class I's parent company.

BNSF's operating income in the quarter dropped 16 percent to nearly $1.5 billion, while operating expenses declined 14 percent to about $3 billion compared with second-quarter 2015 results.

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Aug
04

BNSF to appeal court ruling against Southern California intermodal project

BNSF Railway Co. is appealing a judge's ruling against the Class I's proposal to build the Southern California International Gateway (SCIG) rail yard near the ports of Long Beach and Los Angeles.

In March, a California judge determined that an environmental review of the SCIG was insufficient, and ordered the city of Los Angeles and the Board of Harbor Commissioners to set aside their approvals of the project.

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Jul
15

NTSB: BNSF trains collided after one train missed a red light

Two BNSF Railway Co. trains collided head-on in Panhandle, Texas, last month after one of the trains missed a stop signal, the National Transportation Safety Board (NTSB) announced yesterday in a preliminary report.

Three crew members died when the eastbound and westbound trains collided at 8:21 a.m. June 28 in BNSF's Panhandle Subdivision. The collision caused the derailment of the locomotives and several cars from both trains, and resulted in a significant fire.

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Jun
30

Remains of two BNSF employees recovered at Texas crash site

The remains of two BNSF Railway Co. crew members involved in a train collision on Tuesday have been recovered, the railroad announced yesterday.

A third crew member is still unaccounted for, while a fourth crew member is in "stable" condition at a local hospital, BNSF officials said in a post on the company's website.

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Jun
29

BNSF trains collide in Texas

Two BNSF Railway Co. trains were traveling on the same track when they collided head-on yesterday morning near Panhandle, Texas.

Three crew members are missing, and one crew member was injured after he jumped from the train before the collision, according to local news reports. Each train had a conductor and an engineer on board.

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Jun
07

BNSF, Southwestern Railroad help Iron Horse set frac sand unit-train record

By This email address is being protected from spambots. You need JavaScript enabled to view it., Managing Editor

Iron Horse Permian Basin LLC recently took delivery of the largest frac sand unit train in North American history by length and weight at 151 rail cars and 17,469 tons. The train arrived June 2 at the company's Delaware Basin rail terminal in Artesia, N.M.

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May
31

BNSF trims management, realigns operations

BNSF Railway Co. eliminated 62 management jobs last week and realigned its operations organization from three regions to two as of June 1.

Two major factors drove the changes: a reduction in coal traffic as well as "significant capital investments" made to increase efficiency and safety, according to a company statement.

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May
23

Wisconsin judge's ruling favors BNSF's track plan

A Wisconsin judge has determined that state Department of Natural Resources (DNR) officials followed state law when they issued permits to BNSF Railway Co. to build a second track through a marsh in LaCrosse, according to a report in The LaCrosse Tribune.

In a petition filed last year, the Midwest Environmental Advocates filed a petition arguing that the DNR did not conduct a full environmental impact statement under Wisconsin law when it reviewed BNSF's application, the newspaper reported.

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May
20

Orange County rail bridge projects near finish line

The Orange County Transit Authority (OCTA) and local government officials recently marked the completion or near completion of two rail bridge projects as part of a broader effort by Orange, County, Calif., to separate car and pedestrian traffic from a freight-rail line, the authority announced earlier this week.

A ceremony was held Tuesday on top of the new Orangethorpe Avenue overpass near Miller Street at the border of Placentia and Anaheim, Calif. Construction has been underway for the past three years on the Orangethorpe overpass and the Tustin Avenue/Rose Road overpass.

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May
17

BNSF's Fox to retire, Freeman to serve as exec VP of operations

BNSF Railway Co. announced late last week that Greg Fox, executive vice president of operations, will retire in August after more than 30 years with the railroad.

Fox, who has served in his current post since November 2010, will be succeeded by Dave Freeman effective June 1. Freeman will oversee the entire operations organization, including engineering, environmental, mechanical, operations support, transportation, safety and training, service design and resource protection.

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May
10

BNSF Railway's domestic intermodal push

At nearly 37 mph, BNSF's intermodal train velocity of late is about 17 percent higher than the U.S. Class I average.

By This email address is being protected from spambots. You need JavaScript enabled to view it., Managing Editor

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May
09

BNSF's Q1 net income hit hard by coal decline

By This email address is being protected from spambots. You need JavaScript enabled to view it., Senior Associate Editor

BNSF Railway Co.'s first-quarter 2016 net income plummeted 25 percent to $784 million and revenue fell 15 percent to $4.8 billion compared with a year ago, as the Class I faced a continued decline in demand for coal and certain industrial products categories, according to a government filing by BNSF parent company Berkshire Hathaway Inc.

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May
06

BNSF rolls out truck driver app to usher in fluidity at intermodal terminals

By This email address is being protected from spambots. You need JavaScript enabled to view it., Managing Editor

Curwin Piper typically brings his rig to BNSF Railway Co.’s Dallas-area intermodal terminal four or five times a day. A truck driver for WB Container Services Inc., Piper got used to spending five minutes or more providing shipment information and waiting at an in-gate kiosk each time he delivered a trailer to the facility in Alliance, Texas, then another five-plus minutes doing likewise when he departed.

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Apr
27

Lodestar Energy plans new multimodal center in Texas

Lodestar Energy Group is developing a rail-served natural gas liquids (NGL) facility and rail-car storage yard at the Gulf Inland Logistics Park near Dayton, Texas, the company announced yesterday.

Scheduled to open in second-quarter 2018, the facility will be served by BNSF Railway Co. and Union Pacific Railroad, Lodestar officials said in a press release.

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Apr
22

Washington state approves funds for BNSF crossing updates

The Washington Utilities and Transportation Commission approved $22,964 in grants to make safety improvements to high-risk grade crossings along an oil train route in Skamania and Klickitat counties.

The commission approved the Grade Crossing Protective Fund grants at the request of BNSF Railway Co., which asked for the amount to upgrade crossings at Butler Road in Skamania County and Walnut Street in the city of Bingen. Each crossing has been identified by the UTC as an under-protected crossing along an oil route, commission officials said in a press release.

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Apr
20

BNSF honors shippers for safely transporting hazardous materials

BNSF Railway Co. this week honored 109 shippers with the Class I's annual Product Stewardship Award for the safe transportation of hazardous materials by rail last year.

The companies were recognized for transporting a minimum of 500 loaded tank cars of hazardous materials during 2015 with zero non-accident releases during the entire transportation cycle and for successfully implementing the ethics of Product Stewardship under the American Chemistry Council's Responsible Care® initiative, according to a BNSF press release.

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