FORT WORTH, Texas – BNSF Railway’s second-quarter earnings improved as volume and revenue surged compared to a year ago, when the onset of the pandemic led to historic traffic declines. BNSF’s operating income rose 32.5%, to $2 billion, as revenue increased 26%, to $5.6 billion, the railroad’s parent company, Berkshire Hathaway, reported on Saturday. The […]
KANSAS CITY, Mo. — A shareholder advisory firm has recommended that Kansas City Southern investors approve Canadian National’s $33.6 billion offer to acquire the company. Institutional Shareholder Services, in a report issued Friday, said that the “premium, valuation, and strategic rationale for the transaction are compelling.” KCS shareholders are scheduled to vote on the deal […]
PALESTINE, Texas — County officials have accepted a donation of more than $14,000 for the court case seeking to keep Union Pacific from closing its car shop in Palestine, per an agreement that originated more than a century ago. The Palestine Herald-Press reports the Anderson County Commissioners Court has accepted $14,500 raised by an online […]
OLYMPIA, Wash. — A man arrested for trespassing on BNSF property during a protest over oil and coal trains will be allowed to argue in court that the action was his only recourse in addressing climate change, the Washington state Suprme Court has ruled. The Spokane Spokesman-Review reports the court ruled unanimously that Rev. George […]
WASHINGTON — Union Pacific and Norfolk Southern told federal regulators today that congestion in their busiest international intermodal terminals has been due to disruptions that are beyond their control. Both railroads have taken steps to limit the flow of containers, particularly to their terminals in Chicago, where bottlenecks have arisen from an unprecedented combination of […]
WASHINGTON—Calling the issue “ripe for adjudication,” the Surface Transportation Board has agreed with Amtrak’s request for expedited hearings to determine what, if any, infrastructure improvements must occur before it can begin operating between New Orleans and Mobile, Ala. Amtrak had sought to start two daily round trips along the Norfolk Southern-CSX Transportation route in January […]
WASHINGTON — The Surface Transportation Board’s Office of Environmental Analysis has released its final Environmental Impact Statement for the proposed Uinta Basin Railway, and selected the Whitmore Park Alternative as the environmentally preferred route for the approximately 85-mile rail line to serve a remote portion of northeastern Utah. The 637-page environmental document, accompanied by more […]
CHICAGO – The North American Rail Shippers association annual meeting, scheduled for Sept. 7-9 at the Sheraton Grand Chicago, now will feature presentations from five Class I railroad chief executives and the president of Genesee & Wyoming’s North American operations. CSX Transportation CEO Jim Foote has been added to the agenda, along with G&W’s Michael Miller. […]
Company service Texas Electric Utilities E25B No. 2304, southbound with coal for Monticello, Texas, in May 1984, represents the first generation of motive power on the power plant railroad. Alex Mayes photo […]
WASHINGTON — On a typical day, BNSF Railway has about 30 international stack trains staged along its main lines, waiting for space to open up at intermodal terminals in Chicago, Memphis, and Alliance, Texas. The terminals are clogged due to an unprecedented combination of record volume and shippers and receivers being slow to pick up […]
JACKSONVILLE, Fla. – Last month, CSX Transportation CEO Jim Foote lamented the shortage of people who want to work in train and engine service. “No way did I or anybody else in the last six months realize how difficult it was going to be to try and get people to come to work these days. […]
ARDMORE, Okla. — Watco will be one of the partners in a $124 million project to turn the Ardmore Industrial Airpark into a multimodal logistics facility with more than 200 acres available for transloading, warehousing, distribution, and manufacturing. The Global Transportation & Industrial Park of Oklahoma, or GTIP, iis n the heart of the Chicksaw […]
