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© © Trade Press Media Group, Inc.
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© © Trade Press Media Group, Inc.
© © Trade Press Media Group, Inc.
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© © Trade Press Media Group, Inc.
BNSF Railway Co. announced plans to invest more than $1.5 billion to construct a state-of-the-art, master-planned rail facility in Southern California.
The Barstow International Gateway will be a 4,500-acre integrated rail facility on the west side of Barstow, consisting of a rail yard, intermodal facility and warehouses for transloading freight from international containers to domestic containers.
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In the second quarter, BNSF Railway Co. boosted revenue 14% to $6.6 billion and increased operating income 7% to $2.4 billion compared with second-quarter 2021 figures.
However, volume decreased 6% to 2.47 million units, operating expenses shot up 19% to $4.3 billion and the operating ratio climbed 2.8 points to 63.2, according to the Class I’s Q2 financial performance summary.
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BNSF Railway Co., in partnership with the Northwest Seaport Alliance (NWSA), yesterday announced the opening of a new rail hub at the Port of Tacoma in Washington to meet growing intermodal demand.
The South Tacoma intermodal facility is part of a joint effort between the Class I and J.B. Hunt Transport Services Inc. announced in March. The two companies aim to substantially improve capacity in the Pacific Northwest intermodal market, BNSF officials said in a press release.
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