SPRINGDALE, Ark. — BNSF Logistics LLC has been named one of the top logistics providers for the seventh consecutive year by readers of Inbound Logistics magazine in its annual “Top 10 3PL Excellence” awards program. More than 6,000 votes were cast in this year’s survey, for over 800 unique third-party logistics providers. “Recent economic times have forced companies to deal with product scalability, demand volatility, access to capacity, and matching inventory more tightly to demand,” stated Felecia Stratton, Editor of Inbound Logistics. “BNSF Logistics qualifies because it has shown consistent results in helping customers navigate stormy economic times.” “Each year,
FORT WORTH, Texas — Berkshire Hathaway operating earnings for the second quarter and first six months of 2010 increased 72.7 percent and 52.0 percent from the comparable periods in 2009. BNSF was the major contributor adding $885 million to net earnings since the company’s acquisition on Feb. 12, including $603 million during the second quarter. Its acquisition increased the company’s shares outstanding by 6.1 percent. Another major reason for the improvement occurred at NetJets with a swing from a pre-tax loss of $348.5 million in the first six months of 2009 to a pre-tax profit of $114.5 million in 2010.
FORT WORTH, Texas — BNSF Railway Co. announced that the strike price, the Highway Diesel Fuel (HDF) price at which BNSF will assess a fuel surcharge, will be reset from $1.25 per gallon to $2.50 per gallon. This change reflects current fuel pricing trends which on a sustained basis have averaged above $2.50 since 2005. The change applies to BNSF’s mileage-based and percent-of-revenue fuel surcharge programs for Agricultural Products, Industrial Products, Coal and Automotive shipments beginning January 2011. Intermodal shipments will not be affected. Underlying base rates will be appropriately adjusted to reflect the new strike price. “Based on continual
FORT WORTH, Texas — BNSF Railway Co. has announced changes to its Marketing leadership. George Duggan will be joining the Coal Marketing Team as vice president, succeeding Sami Shalah, who is retiring in August. Duggan will report to Steve Bobb, group vice president, Coal. Duggan joined Burlington Northern, a BNSF predecessor, in 1990 as a grain specialist. During his career, he has held various assignments with progressive leadership responsibility in customer support, marketing and sales. Since 2005, Duggan has served as vice president, Domestic Intermodal. He has a bachelor’s degree in Economics from the University of Missouri-St. Louis (1990) and
FORT WORTH — BNSF Railway Company will begin work this month on replacing seven approach spans on the Mississippi River bridge at Burlington, Iowa. Construction of the new approaches will complement a separate construction project that began last year to replace the bridge’s swing span with a new lift span over the navigation channel. Construction of the replacement approach spans will use new reinforced concrete foundations with 250-foot steel bridge spans. When combined with the replacement of the movable span over the navigation channel, the entire bridge will have been rebuilt to 21st century engineering standards. “The Burlington Bridge is
WASHINGTON — The Surface Transportation Board will hold a public hearing on July 29 on a case that centers on whether a railroad may deny service to coal shippers who do not follow the railroad’s rules on coal dust dispersal. The case, Arkansas Electric Cooperative Corporation—Petition for Declaratory Order, Docket No. FD 35305, raises the issues of whether BNSF Railway Co. may establish rules regarding coal dust dispersion from coal trains operating over its lines and if it can refuse to provide rail service to shippers who do not comply with its rules. The Board will decide if this constitutes