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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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Toyota honors BNSF for rail logistics excellence

Rail News Home BNSF Railway 4/25/2019 Rail News: BNSF Railway
image BNSF Railway Co. has received the 2018 President's Award for Rail Logistics Excellence from Toyota Logistics Services for the fifth consecutive year.The award is Toyota's highest supplier honor to recognize service partners that demonstrate excellence in quality, customer service, continuous improvement and on-time performance."Our goal is always the safe and reliable transportation of freight, including finished vehicles," said Dave Fleenor, BNSF's assistant vice president of automotive marketing, in a press release. "Earning this recognition from Toyota for the fifth consecutive year shows our dedication to move our automotive customers’ products efficiently and without damage."Last year, BNSF handled more than 560,000 Toyota and Lexus vehicles throughout the United States and Canada. BNSF also received Toyota Logistics Services’ Logistics Excellence Awards for kaizen (continuous improvement) and for customer service.

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BNSF receives FAA exemption to advance drone operations

By Vesna Brajkovic, Associate Editor

BNSF Railway Co. last week was granted exemptions from the Federal Aviation Administration’s (FAA) Extension, Safety, and Security Act of 2016, which will help lay the foundation for expanded drone operations, according to an FAA grant of exemption document

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BNSF unveils capex projects for Kansas, Missouri, Nebraska

BNSF Railway Co. yesterday rolled out more of its state-by-state capital expenditure plans for 2019, announcing $445 million worth of projects slated for Kansas, Missouri and Nebraska.

In Kansas, the Class I will invest $165 million to replace and upgrade rail, ties and ballast. The maintenance program will include 560 miles of track surfacing and/or undercutting work, as well as the replacement of 30 miles of rail and 120,000 ties. In addition, BNSF plans to begin a multiyear project to install double track on portions of the Emporia Subdivision, which operates between Wellington and Kansas City.

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BNSF unveils $105 million capex plan for Montana

Rail News Home BNSF Railway 2/27/2019 Rail News: BNSF Railway
image Consisting mostly of planned maintenance, the plan calls for replacing and upgrading rail, ties and ballast.Photo – BNSF Railway Co.

BNSF Railway Co. yesterday announced it will invest $105 million this year on capital expenditures in Montana.

Consisting mostly of planned maintenance, the plan calls for more than 840 miles of track surfacing and/or undercutting work, as well as the replacement of 55 miles of rail and close to 110,000 ties. 

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BNSF posts revenue, income growth in 2018

BNSF Railway Co. posted fourth-quarter operating income of $2.1 billion, up 3 percent over the same quarter's results in 2017.

A subsidiary of Berkshire Hathaway Inc., BNSF logged quarterly revenue of $6.2 billion, up 10 percent, and a net income of $1.4 billion, up 30 percent, compared with 2017's results, according to a BNSF financial performance summary.

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BNSF slates $175 million for capex projects in Washington

Rail News Home BNSF Railway 2/25/2019 Rail News: BNSF Railway
imageBNSF Railway Co. has budgeted $175 million in capital expenditures this year for infrastructure work in the state of Washington, the Class I announced late last week.Much of BNSF's 2019 capital plan in the state will focus on replacing and upgrading rail, ties and ballast, company officials said in a press release.Over the past five years, the Class I has spent about $1 billion to expand and maintain its network in Washington. This year, the maintenance program in the state includes 820 miles of track surfacing and/or undercutting work, as well as the replacement of 50 miles of rail and 130,000 ties.In addition to maintenance projects, the railroad plans to install 2 miles of new double-track along the Fallbridge Subdivision near Wishram."Whether it's moving agricultural products to West Coast ports for exports or lumber from the Pacific Northwest to support construction domestically, Washington is an integral part of the BNSF rail network," said Jon Gabriel, general manager of operations, Northwest Division. The Washington projects are part of BNSF's $3.57 billion capital expenditure program for this year.

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BNSF outlines capex plans for California, New Mexico and Texas

BNSF Railway Co. yesterday unveiled its 2019 capital expenditure plans for California, New Mexico and Texas.

In Texas, the Class I will spend $405 million for expansion work that will include a new double track to be constructed between the Alliance Intermodal Facility in Fort Worth and Cleburne, as well as two new sidings in the Madill Subdivision north of Dallas.

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BNSF budgets nearly $3.6 billion for capex in 2019

BNSF Railway Co. will spend $3.57 billion on capital expenditures this year, up from $3.4 billion in 2018, the Class I announced yesterday.

This year's plan will continue to emphasize maintenance and expansion of the network "with an unwavering focus on operating a safe railroad that meets customers' demands," BNSF officials said in a press release.

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U.S. Coast Guard seeks input on BNSF's proposed bridges in Idaho

Rail News Home BNSF Railway 2/11/2019 Rail News: BNSF Railway
image The proposed project would improve traffic flow for freight and passenger trains, according to BNSF.Photo – keepsandpointrolling.com

The U.S. Coast Guard has released a draft environmental assessment (EA) of BNSF Railway Co.'s proposed construction of railroad bridges across Lake Pend Oreille and Sand Creek at Sandpoint in Bonner County, Idaho.

BNSF proposes constructing a second mainline track and associated bridges parallel to existing rail bridges that cross the lake and creek. As structures over U.S. navigable waters, the proposed bridges will require a Coast Guard bridge permit.

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BNSF customers invested $3 billion in industrial developments in 2018

BNSF Railway Co. announced yesterday that plant construction and upgrade investments made by its customers in 2018 totaled nearly $3 billion.

Last year marked the eighth consecutive year that BNSF customers and local economic development organizations have invested more than $1 billion in a calendar year for new or expanded facilities, according to a BNSF press release.

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BNSF identifies two new 'Certified Sites'

BNSF Railway Co. has awarded its "Certified Sites" designation to two new industrial locations in Galesburg, Illinois, and Clovis, New Mexico.

The program identifies optimal rail-served sites for customer development along the Class I's network. To be considered for the designation, sites must undergo a thorough analysis that includes an evaluation of environmental and geotechnical standards, available utilities and site availability.

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Matt Rose has helped drive BNSF’s technological changes, industry’s policy changes

In 2000, Matt Rose became the first baby boomer to head a major North American railroad.Photo – BNSF Railway Co.

By Jeff Stagl, Managing Editor

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BNSF cranks up volume, caps off capital plan as year draws to a close

BNSF Railway Co. is moving strong volumes throughout its network during the late portion of the peak season, according to a customer letter issued by the Class I Dec. 21.

Volume in the week ending Dec. 15 increased slightly over the prior week and represented a new year-to-date high at nearly 216,500 units, BNSF officials wrote in the letter. Year-to-date volume through that week totaling 10.3 million carloads and intermodal units exceeded the full-year volume in each of the past 11 years, they said.

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Minnesota council OKs agreements for Willmar Wye rail project

The City Council of Willmar, Minnesota, this week unanimously approved master agreements for the Willmar Wye rail project.

The project is a public-private partnership between BNSF Railway Co., the Minnesota Department of Transportation (MnDOT), Kandiyohi County and the city of Willmar to build a new rail line bypass on the city's west side.

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BNSF posts higher revenue, expenses in Q3

Rail News Home BNSF Railway 11/6/2018 Rail News: BNSF Railway
imageBNSF Railway Co. reported third-quarter revenue rose 16 percent to $6.1 billion from $5.3 billion, while operating income increased 9 percent to $2.1 billion from $1.9 billion in the same quarter a year ago.The Class I's net income in the quarter surged 34 percent to $1.4 billion from $1 billion in Q3 2017, according to BNSF's Q3 performance summary.BNSF posted an operating ratio of 64.5 percent for the quarter, compared with 62.4 percent a year ago. Expenses during the quarter increased 20 percent to $4 billion from $3.4 billion in Q3 2017.Average revenue per car/unit rose 11 percent during the quarter as a result of business mix changes, higher fuel surcharges driven primarily by higher fuel prices and increased rates per car/unit.Also during Q3 2018 compared with last year:
• Consumer product volumes rose 1 percent due to higher intermodal volumes;
• Industrial products volume increased 13 percent primarily due to strength in the industrial and energy sectors;
• Agricultural products volume rose 16 percent due to strong export and domestic grain shipments, as well as higher fertilizer and other grain products; and
• Coal volume fell 5 percent, primarily due to plant retirements combined with competition from natural gas and renewables, partially offset by market share gains and improved export volumes.

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Honda recognizes BNSF for transportation excellence

Rail News Home BNSF Railway 9/27/2018 Rail News: BNSF Railway
image BNSF was recognized for "efficient and reliable railway transport of finished vehicles."Photo – bnsf.com

American Honda Motor Co. recently honored BNSF Railway Co. with the auto manufacturer's Premier Partner Award for excellence in transportation.

The Class I was among 15 of Honda's suppliers to receive the award. BNSF was recognized for "efficient and reliable railway transport of finished vehicles," according to a BNSF press release.

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BNSF budgets $90 million for Minnesota capex

BNSF Railway Co.'s 2018 capital expenditure program will include $90 million for maintenance projects in Minnesota.

The largest component of this year's capital plan in the state will be replacing and upgrading rail, ties and ballast, the Class I announced in a press release.

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