BNSF Q2 net profit up 10% amid 15% increase in freight revenues
Despite lower volumes in BNSF’s consumer, agricultural, industrial and coal segments, the railroad’s freight revenue rose to nearly $6.3 billion on higher revenues per carload.
Despite lower volumes in BNSF’s consumer, agricultural, industrial and coal segments, the railroad’s freight revenue rose to nearly $6.3 billion on higher revenues per carload.
The new rail hub is designed to respond to a growing need to expand domestic intermodal capacity within the greater Seattle region.
BNSF has made some changes to the attendance policy that it implemented in February, but unions say the changes don’t go far enough to prevent worker fatigue.
Higher revenues contributed to increased profits in the first quarter for BNSF.
Short line operator G&W and Class I railroad BNSF announce their industrial development results for 2021.
BLET and SMART-TD have decided to pursue binding arbitration in front of a third-party board instead of an appeal.
J.B. Hunt announced plans to expand its intermodal container count to 150,000 units in efforts “to substantially improve capacity” as part of a joint initiative with BNSF Railway.
Schneider provided a better-than-expected earnings outlook for 2022 on Thursday. The company also raised margin targets in two key segments.
The Equal Employment Opportunity Commission has filed a lawsuit against BNSF over alleged sexual harassment at BNSF’s rail yard in Alliance, Nebraska.
The $124M Global Transportation & Industrial Park of Oklahoma is a public-private development expected to spur jobs and economic development in southern Oklahoma.
News about BNSF, Kansas City Southern, Trinity Industries and TTCI.
The CEOs of five Class I railroads tell the Surface Transportation Board that the root causes of the congestion facing rail intermodal terminals are beyond the railroads’ control.
A 26% gain in revenues helped boost BNSF’s net profits in the second quarter of 2021 to $1.5 billion.
The ocean carrier said Monday that BNSF is reducing import traffic at the ports of LA and Long Beach, while inbound trains from New York area ocean terminals to three Midwestern destinations are also being monitored.
The railroad is seeking businesses looking to develop industrial facilities on two sites in Texas and Montana.
Ocean carriers and Class I railroads both agree that chassis shortages are contributing to volume congestion. But solutions to relieve the congestion rely on multiple supply chain stakeholders, say the railroads.
Los Angeles-based Plastic Express will occupy 100% of Phase I at the Cedar Port Logistics Center, scheduled to be completed by December.
Transport deregulation’s long game has left much of the asset-based carrier field with few players. Will the cycle turn to usher in a cast of competitive newbies?
Improving market conditions should support BNSF’s financials in 2021, said S&P on why it modified its ratings for the privately held railroad.
Executives with parent company Berkshire Hathaway expect BNSF to take steps to protect the railroad’s franchise as the merger between Kansas City Southern and one of the Canadian railways makes its way through regulatory review.