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U.S. Coast Guard approves BNSF's Idaho rail bridge plan

Rail News Home BNSF Railway 9/9/2019 Rail News: BNSF Railway
image BNSF Railway Co.'s proposal to build two bridges as part of a second rail line in northern Idaho meets federal environmental requirements, the U.S. Coast Guard announced last week.BNSF wants to construct railroad bridges across Lake Pend Oreille and Sand Creek at Sandpoint in Bonner County, Idaho. As structures over U.S. navigable waters, the proposed bridges required a Coast Guard permit. In releasing its final environmental assessment, the Coast Guard announced it found the bridge project would have no significant impact on the environment, according to Sept. 5 notice in the Federal Register.BNSF proposed the project because the current single-track configuration has become an operational constraint, resulting in congestion on the railroad's mainline, yards and sidings as trains wait for clearance to cross the existing single-track bridges.Moreover, trains waiting to cross often block vehicular traffic at public and private grade crossings. According to BNSF, the project will relieve the congestion and allow for a more efficient movement of trains through the Lake Pend Oreille region.

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Report: BNSF challenges Oklahoma grade-crossing law

Rail News Home BNSF Railway 8/23/2019 Rail News: BNSF Railway
image BNSF filed a lawsuit over the Oklahoma law in federal court.Photo – BNSF Railway Co.

BNSF Railway Co. is challenging in federal court an Oklahoma law that requires railroads operating in the state to minimize blocking grade crossings for longer than 10 minutes without good reason, an Oklahoma newspaper reported today.

The suit, which the Class I filed yesterday in Oklahoma City, targets Oklahoma's elected corporation commissioners and two cities' police departments that have cited the railroad for violations so far, The Oklahoman reported.

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BNSF posts higher Q2 income, lower operating ratio

Rail News Home BNSF Railway 8/6/2019 Rail News: BNSF Railway
image BNSF Railway Co. reported second-quarter 2019 revenue rose 0.3 percent to $5.89 billion, while operating income jumped 7 percent to $2 billion compared with the same period last year, the Class I announced yesterday.Revenue and operating income increases were attributed in part to higher revenue per car/unit. The railroad posted the increases despite a 4 percent decrease in unit volume for the quarter due to severe winter weather and flooding conditions on parts of its network, according to a financial statement posted on BNSF's website.Operating expenses for the quarter fell 3 percent to $3.89 billion, while net income climbed 2 percent to $1.34 billion. BNSF posted a Q2 operating ratio of 64.8 percent, compared to 66.8 percent a year ago.Also during Q2 compared with a year ago, BNSF reported consumer product volumes declined 6 percent; industrial product volumes were flat; agricultural product volumes fell 4 percent and coal volumes ticked up 1 percent.BNSF is a subsidiary of Berkshire Hathaway Inc.

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BNSF to serve Ceres Global's new hydrocarbon transloading venture

Rail News Home BNSF Railway 6/7/2019 Rail News: BNSF Railway
image The joint venture's facilities will be located at Ceres' Northgate rail terminal in Saskatchewan, Canada, which is served by BNSF Railway Co.Photo – Ceres Global Ag, Youtube

Ceres Global Ag Corp. has established a yet-to-be-named joint venture with Steel Reef Infrastructure Corp. that will focus on transloading hydrocarbon products for transportation between the United States and Canada.

The joint venture's facilities will be located at Ceres' Northgate rail terminal in Saskatchewan, Canada, which is served by BNSF Railway Co. The joint venture will begin operations July 1, according to a Ceres press release.

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BNSF posts higher revenue, income in Q1; Buffett warms to PSR, report says

BNSF Railway Co. reported its first-quarter 2019 operating income rose 2 percent to $1.8 billion, total revenue climbed 2 percent to $5.76 billion and net income jumped 9 percent to $1.25 billion compared with the same period a year ago.

The Class I attributed its growth in total revenue to higher rates per car, a favorable outcome of an arbitration hearing and higher fuel surcharges, according to a quarterly financial summary posted on bnsf.com.

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