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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
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Holiday Cheer Rolls Through Southern California Aboard BNSF’s Santa Claus Express

LOS ANGELES — Santa Claus and his merry helpers will ride the rails and distribute gifts to hundreds of deserving children on board the 19th annual BNSF Santa Claus Express train as it travels through Southern California beginning Dec. 17 through Dec. 21. Children are selected for the free rides by the Shriner’s Hospital for Crippled Children, Arrowhead United Way, Salvation Army Red Shield Youth and Community Center, Comprehensive Child Development Center, Mexican American Opportunity Foundation, City of Hope Hospital and Jonathan Jaques Children’s Cancer Center at Miller Children’s Hospital of Long Beach, among other organizations. BNSF employee volunteers will
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Montana Sues BNSF

BILLINGS, Mont. — The state of Montana is suing BNSF over a 1984 settlement agreement regarding Central Montana Railway (CMR), a wholly owned subsidiary of the state. “The State’s suit primarily deals with issues that have already been before federal courts for the past four years,” BNSF said in a statement. “Many of these issues were resolved in BNSF’s favor by the federal court and arbitration panels. We intend to continue these efforts to demonstrate that our actions are legal, designed to provide Montana producers with rate transparency and protect Montana producers from excessive rail rates.”
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BNSF Honors Three Shortline Railroads for Partnership Excellence

FORT WORTH, Texas — BNSF Railway Co. recognized three shortline railroads for their tremendous success and partnership over the past year with a BNSF Shortline Achievement Award at this year’s 14th Annual Shortline Conference on Oct. 19, 2009 in Fort Worth, Texas. The Plainsman Switching Company (PSC), Yellowstone Valley Railroad (YSVR), and Burlington Junction Railway (BJRY) were chosen because of their ability to increase the volume and development of new customers and for being good stewards in their communities. “BNSF is proud to recognize these three shortline railroads,” said Pete Rickershauser, BNSF vice president, Network Development. “Each shortline has greatly
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BNSF Receives Working for Clean Air Award

FORT WORTH, Texas — BNSF Railway Co. was recognized last week as a Clean Air Champion by the North Texas Clean Air Coalition. The Working for Clean Air awards publicly recognize civic-minded businesses that have developed internal corporate programs to improve the quality of air, quality of life, and the health of the north Texas community. “BNSF is committed to operating in a way that protects the environment, our employees, our communities and the economy overall,” said Mark Schulze, vice president, Training and Operations Support. “I am proud that BNSF has been recognized for its green efforts at our corporate
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BNSF, BLET Reach Tentative Agreement

FORT WORTH, Texas — BNSF Railway Co. announced it has reached a tentative agreement with the Brotherhood of Locomotive Engineers and Trainmen to settle wage and work rule matters concerning BNSF’s locomotive engineers for the major round of collective bargaining that will begin Jan. 1, 2010. The agreement will settle wage and work rule issues through Dec. 31, 2014. Health and welfare issues, however, will be addressed in upcoming industry-wide negotiations. BLET will release details of the new agreement to its membership as part of the ratification process. However, the agreement affords a general wage increase in each year of
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Burlington Northern Santa Fe Reports Third Quarter 2009 Results

FORT WORTH, Texas — Burlington Northern Santa Fe Corp. reported quarterly earnings of $1.42 per diluted share, which included a $0.06 per share impact related to a favorable coal rate case adjustment. This compared to third-quarter 2008 earnings of $1.99 per diluted share. “During the recession, BNSF has demonstrated significant operating leverage through ongoing dedication to controlling costs and productivity improvements,” said Matthew K. Rose, BNSF Chairman, President and Chief Executive Officer. “The combination of our significant operating leverage and long-term market opportunities places BNSF in a strong position when the economy recovers.” Third-quarter 2009 freight revenues decreased $1.28 billion,
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Key Customers Get Advance Look at BNSF’s Expanded Memphis Intermodal Facility

FORT WORTH, Texas — BNSF Railway Company on Oct. 6 opened its Memphis Intermodal Facility for an advance look by members of its customer advisory board. The more than $200 million expansion is in its final phases of work. When fully operational in 2010, the expanded facility will have double the capacity, reduce emissions and improve air quality. The BNSF Memphis Intermodal Facility spans 185 acres and will have the capacity to handle 1 million lifts per year at full build out. The facility is equipped with eight wide-span, electric, rail-mounted gantry cranes. These cranes produce zero emissions on site
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NTSB Releases Info on Fatal Iowa Wreck

WASHINGTON — In its continuing investigation of a freight train accident in July in Iowa, killing two, the NTSB has developed the following factual information: — At approximately 2:08 a.m. CDT on July 14, 2009, a southbound Dakota, Minnesota and Eastern Railroad (DME) train consisting of two locomotives and 83 freight cars collided with railcars that had been placed on a track on the west side of the Bettendorf rail yard (located in the city of Bettendorf, Iowa) by a BNSF train crew. Both of the crewmembers on the DME train, an engineer and a conductor, were fatally injured in