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64 Posts Found tagged with "BNSF"

Rail shippers say overpaid for surcharges - railroads claim its unfounded

January 17th, 2020
January 10, 2020 - TRA Newswire - 38 freight shippers claim that four Class 1 railroads unfairly overcharged them by adding fuel surcharges to their shipments and allegedly conspired to fix prices as far back as 2003.  That's according to a...

BNSF posts higher Q3 operating income, lower revenue

November 5th, 2019
November 5, 2019 - ProgressiveRailroading.com - BNSF Railway Co. reported third-quarter operating income rose 3 percent to $2.2 billion, while total revenue fell 2 percent to $6 billion compared with the same period a year ago. Increased rates per car were partially offset...

OmniTRAX posts abandonment of central Texas short line

August 20th, 2019
August 20, 2019 - TRA Newswire - Traffic has dwindled on the Central Texas & Colorado River Railway line so short line operator OmniTRAX has called it quits. The 68 mile long line operated from the central Texas town of Lometa,...

Rail-served bulk terminal facilities expand at Port Arthur, Corpus Christi

June 24th, 2019
June 17, 2019 - ProgressiveRailroading.com - Howard Energy Partners (HEP) announced last week that it has completed expansions of its bulk terminal facilities in Port Arthur and Corpus Christi, Texas. The projects were designed to increase HEP's Gulf Coast terminal storage capacity to...

BNSF revenue & profits up for 2018: industrial shipments led the way

February 26th, 2019
February 26, 2019 - TRA Newswire / Progressive Railroading - BNSF Railway ended their 2018 fiscal year on an upswing in both revenue and profits . Results of the railroad were posted by parent company Berkshire Hathaway in a report released...

BNSF plans $405 million CAPEX program in Texas for 2019

February 20th, 2019
February 20, 2019 - TRA Newswire - BNSF Railway Company (BNSF) today announced that its 2019 capital expenditure and maintenance program in Texas will be approximately $405 million. More than half of this year’s capital plan in the Lone Star State...

BNSF budgets nearly $3.6 billion for capex in 2019

February 15th, 2019
February 14, 2019 - ProgressiveRailroading.com - BNSF Railway Co. will spend $3.57 billion on capital expenditures this year, up from $3.4 billion in 2018, the Class I announced yesterday. This year's plan will continue to emphasize maintenance and expansion of the network "with...

BNSF revenue, expenses higher in 3Q

November 8th, 2018
November 6, 2018 - RailwayAge.com - The uptick in rail freight meant higher third quarter revenues but also higher expenses in the third quarter at BNSF Railway. Operating expenses grew 20% to $4.04 billion for the quarter ended Sept. 30, while revenue...

Amtrak grades BNSF & UP "host" freight railroads' performance

March 23rd, 2018
March 23, 2018 - TRA Newswire - Amtrak trains that run on the "host" railroads of BNSF and Union Pacific scored much higher in a new quarterly report card over other railroads that delayed passenger trains across the nation. Most of Amtrak's...

A railroad owned by Warren Buffett joins blockchain Transport Alliance (BiTA)

February 12th, 2018
Feb Berkshire Hathaway-owned BNSF, which is a railway found in Ft. Worth, Texas is the latest member of Blockchain Transport Alliance (BiTA). BiTA comprises of more than 200 freight and logistics plays which are very interested in establishing distributed ledger technology...

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