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Daily Headlines
Latest ‘fix’ for California drought: Water by rail
(Source: CNBC, May 1, 2015) LOS ANGELES — As California's four-year drought worsens and water supplies dwindle in the state, an old technology — railroads — could play a role in alleviating some water shortages. Full story: CNBC
After railroad’s rough year, Berkshire and BNSF are spending big
(Source: Omaha World-Herald, May 2, 2015) OMAHA, Neb. — 2014 was a tough year for Executive Chairman Matt Rose and his BNSF Railway, a rough spot that didn’t fail to catch the attention of the boss. Full story: Omaha World-Herald
Last at-grade crossings on Amtrak’s Northeast Corridor are in SE Connecticut
(Source: The Day, May 4, 2015) NEW LONDON, Conn. — A recent Metro North accident in Valhalla, N.Y., and others across the country have focused national attention on the safety of at-grade rail crossings. A public debate has ensued, the Federal Railroad Administration...
BNSF Railway CEO says railroad is ‘forever better’ after capital improvements
(Source: Reuters, May 2, 2015) NEW YORK — Berkshire Hathaway's BNSF railroad is "forever better" after a capital program last year boosted capacity following complaints about congestion, BNSF chief executive told Reuters on Saturday. Full story: Reuters
Berkshire Hathaway profit up 10% on strength of BNSF
(Source: Associated Press, May 1, 2015) OMAHA, Neb. — Warren Buffett's company said Friday its first-quarter profit jumped 10 percent on the strength of its railroad and insurance businesses. Berkshire Hathaway Inc. earned $5.16 billion, or $3,143 per Class A share,...
Buffett says new oil train rules will affect BNSF railroad, Union Tank Car business
(Source: Associated Press, May 3, 2015) OMAHA, Neb. — The federal government’s new standards for shipping crude oil by rail will have a significant impact on Berkshire Hathaway’s BNSF railroad and its Union Tank Car business. Full story: Seattle Times
Delaware oil train traffic may jump 70 percent
(Source: The News Journal, May 2, 2015) WILMINGTON, Del. — Deliveries to the Delaware City Refinery, a 5,000-acre complex that can convert up to 191,000 barrels of crude every day into gasoline, diesel and other fuels for distribution, could increase up to 60 to 70...
Feds order oil tank cars with leaky valves pulled for repair
(Source: Spokesman-Review, May 2, 2015) SPOKANE, Wash. — A leaking oil train that traveled across Washington and Idaho in January had tank cars with flawed valves, which are also installed in thousands of other tank cars nationwide, federal investigators said. Full...
List of recent oil train crashes in the U.S. and Canada
(Source: Associated Press, May 1, 2015) OMAHA, Neb. — Sweeping regulations to boost the safety of trains transporting crude oil, ethanol and other flammable liquids were announced Friday by U.S. and Canadian officials. The long-awaited regulations are a response to a...
New oil train safety rules will put public back in the dark
(Source: McClatchy News Service, May 1, 2015) WASHINGTON, D.C. — Details about rail shipments of crude oil and ethanol will be made exempt from public disclosure under new regulations announced by the U.S. Department of Transportation on Friday. The department will...
