Amtrak
BNSF
BNSF
AAR: Rail Carload Freight Reaches Highest Level in More Than a Year
WASHINGTON — Carload freight volume on U.S. railroads reached its highest level in more than a year during the week ended Feb. 27, the Association of American Railroads reported. U.S. railroads originated 290,261 carloads during the week ended Feb. 27, up 2.6 percent from the comparable week in 2009 and the highest level reported since the week ended Dec. 6, 2008. However, the total was still down 13.5 percent from comparison week in 2008. In order to offer a complete picture of the progress in rail traffic, AAR now reports 2010 weekly rail traffic with comparison weeks in both 2009
BNSF
BNSF Reduces Transit Schedules on 60 Percent of its Domestic Premium Intermodal Traffic
FORT WORTH, Texas — BNSF Railway Co. announced that it has reduced transit schedules on 60 percent of its Domestic Intermodal Premium Container traffic, and added 16 more days of service. “These changes are a direct result of feedback from our domestic carrier customers on what they need to attract more over-the-road freight to a truck-rail intermodal solution,” said George Duggan, BNSF vice president, Domestic Intermodal. One of the changes includes reducing transit time by 7 to 10 hours on BNSF’s premier Transcontinental route between Los Angeles/San Bernardino and Chicago, giving customers a morning availability and allowing for same day delivery.
BNSF
Burlington Northern Santa Fe Reports Fourth Quarter/Full Year 2009 Results
FORT WORTH, Texas — Burlington Northern Santa Fe Corp. reported quarterly earnings of $1.55 per diluted share, which included a tax benefit of $0.25 per share related to the fourth-quarter donation of a portion of a line segment located in Washington State. This compared to fourth-quarter 2008 earnings of $1.78 per diluted share, which included a fuel surcharge lag benefit of about $200 million. “We have seen some improvement in volumes during the second half of 2009 and expect this gradual improvement to continue,” said Matthew K. Rose, BNSF Chairman, President and Chief Executive Officer. “BNSF will continue to position
BNSF
Shareholders Approve Burlington Northern Santa Fe Transaction with Berkshire Hathaway
FORT WORTH, Texas — Burlington Northern Santa Fe Corp. shareholders voted overwhelmingly in favor of the company’s acquisition by Berkshire Hathaway Inc. In all, preliminary results show that approximately 70 percent of BNSF issued and outstanding shares not owned by Berkshire or its affiliates were voted in favor of the transaction, above the 66 2/3 percent required. Additionally, holders of at least a majority of the issued and outstanding shares of BNSF voted in favor. Both of these votes were required under Delaware law to adopt the merger agreement and were reported at a shareholder meeting held today at BNSF
BNSF
Feds Announce New Safety Standards for Freight and Passenger Trains
WASHINGTON — U.S. Transportation Secretary Ray LaHood and Federal Railroad Administration (FRA) Administrator Joseph Szabo on Jan. 12 announced historic safety regulations requiring that Positive Train Control (PTC) technology be installed on the nation’s major rail lines as well as commuter and intercity passenger rail routes.
BNSF
Burlington Northern Santa Fe Reports Fourth Quarter/Full Year 2009 Results
FORT WORTH, Texas — Burlington Northern Santa Fe Corp. reported quarterly earnings of $1.55 per diluted share, which included a tax benefit of $0.25 per share related to the fourth-quarter donation of a portion of a line segment located in Washington State. This compared to fourth-quarter 2008 earnings of $1.78 per diluted share, which included a fuel surcharge lag benefit of about $200 million. “We have seen some improvement in volumes during the second half of 2009 and expect this gradual improvement to continue,” said Matthew K. Rose, BNSF Chairman, President and Chief Executive Officer. “BNSF will continue to position