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Tag Archives: bnsf

Federal board dismisses Montana coal railroad application

BILLINGS, Mont. (AP) — A federal transportation panel has dismissed a proposal for a $400 million railroad that would have hauled coal from a mine near the Montana-Wyoming border. Tuesday’s action by the Surface Transportation Board comes five months after the backers of the Tongue River Railroad suspended their application for the 42-mile line. The board also turned down a ...

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Berkshire Hathaway 4th-quarter profit up 32 percent

Berkshire Hathaway CEO and Chairman Warren Buffett. (Image: Fortune Live Media via Flickr)

OMAHA, Neb. (AP) — Berkshire Hathaway reported a 32 percent jump in fourth-quarter earnings on Saturday, as its eclectic collection of subsidiaries mostly performed well. The conglomerate based in Omaha, Nebraska, that Warren Buffett leads earned $5.48 billion, or $3,333 per Class A share. That’s up from $4.16 billion, or $2,529 per Class A share, a year earlier. The three ...

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A look at 6 major railroad companies

NEW YORK — The U.S. rail network accounts for about 40 percent of U.S. freight moves by ton-miles (the length freight travels) and 16 percent by tons (the weight of freight moved). There are 21 regional railroad companies and 510 local. Below is a look at the major operators. BNSF Railway Parent company: Warren Buffett’s Berkshire Hathaway Inc. Miles of ...

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Audit finds railroad safety lacking during high oil traffic

HELENA, Mont. — Montana’s oversight of railroad safety falls short at a time when volatile crude oil train traffic from the Bakken region, already high, is only expected to increase, a new audit found. Montana has no active rail safety plan and employs only two inspectors to cover the vast state, the Montana Legislative Audit Division report released Wednesday said. ...

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Dayton orders swifter inspections of oil rail routes

ST. PAUL, Minn. — Minnesota Gov. Mark Dayton asked state railroad inspectors Thursday to speed up safety inspections of tracks where more oil cars are moving through, a response to marked changes in what routes trains take as they haul millions of gallons of crude across the state. Dayton said those inspections will occur almost a month ahead of schedule ...

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Lackluster venture may spur port to cut budget revenues by millions

In an unusual move, the Port of Vancouver is expected to cut $15.29 million in revenue from its overall 2015 budget because it now anticipates a new freight-hauling venture will not live up to expectations. Under the “dedicated rail service” plan, the port anticipated $18.57 million in revenue from leasing rail cars to haul oil-drilling materials to North Dakota; those ...

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