Rail Industry News
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...
New oil train rule makes tank cars safer, but not the cargo they carry
(Source: Seattle Post-Intelligencer, May 1, 2015) SEATTLE, Wash. — The U.S. Department of Transportation released long awaited safety rules for oil trains on May 1, with delayed standards for safer tank cars and no requirement that the fuel inside be processed to...
DOT issues new rules for oil trains
(Source: Politico, May 1, 2015) WASHINGTON, D.C. — The Obama administration imposed tougher safety regulations Friday for trains carrying crude oil, responding to growing alarm about a series of fiery derailments that killed dozens of people in a small Canadian town...
Amtrak’s Hoosier State train forging ahead
(Source: Lafayette Journal & Courier, April 30, 2015) LAFAYETTE, Ind. — For a fourth time, Amtrak and the Indiana Department of Transportation announced they’ve extended an agreement to operate the Hoosier State passenger rail line. Full story: www.jconline.com
Editorial: Southwest Chief picking up steam
(Source: Pueblo Chieftain, April 30, 2015) PUEBLO, Colo. — After a disappointing budget process, it’s nice to see that members of the Southwest Chief Commission are not letting necessary repairs get derailed. Full story: Pueblo Chieftain
CP Rail CEO says shareholder activism ‘overdue’ at U.S. rivals
(Source: Reuters, April 21, 2015) TORONTO — Shareholder activism is "long overdue" at some major U.S. railways, Canadian Pacific Railway Ltd Chief Executive Hunter Harrison said in an interview on Tuesday, after several U.S. competitors reported disappointing...
Rail traffic down 1.6 percent from 2014 levels for week ending April 25
(Source: Association of American Railroads press release, April 29, 2015) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending April 25, 2015. For this week, total U.S. weekly rail traffic was 557,306...
Prime Minister of Japan touts merits of his country’s bullet train technology in visit to L.A.
(Source: Associated Press, May 1, 2015) LOS ANGELES — After demonstrating the merits of a Japanese-made bullet train to California's governor, Prime Minister Shinzo Abe is heading to a session with Japanese-Americans to promote expanded trade between his country and...
BNSF raises rates for shipping grain
(Source: Billings Gazette, April 30, 2015) BILLINGS, Mont. — For the first time in two years, the price to ship Montana wheat by rail is going up. Burlington Northern Sante Fe will increase tariff rates Friday after suspending rate increases in 2013. The announced...
Video: CEO says BNSF poised to turn around ‘crummy’ year
(Source: CNBC, May 1, 2015) NEW YORK — Burlington Northern Railroad has put investments in place to keep pace with growing shipments of crude oil and make up for a "crummy" year in 2014, Executive Chairman Matthew Rose said on Friday. Full story and video: CNBC
Crew in Casselton oil train derailment told NTSB investigators they had only seconds to escape
(Source: McClatchy News Service, April 27, 2015) WASHINGTON, D.C. — The engineer and conductor on a BNSF oil train that derailed in North Dakota in December 2013 had seconds to escape their locomotive before it was engulfed by fire, according to interview transcripts...
Canada, U.S. said to diverge on train brake rule for crude oil trains
(Source: Bloomberg, April 30, 2015) NEW YORK — Tougher Canadian and U.S. joint standards for rail tanker cars to be unveiled Friday will stop short of harmonizing train brake rules, a government official said. Instead, each country has agreed to set train braking...
New crude by rail regulations may include ECP braking mandate
(Source: Reuters, April 30, 2015) NEW YORK — An oil train safety plan for the United States and Canada to be announced on Friday will include an unexpected mandate on the rail industry to adopt an advanced braking system, industry sources familiar with the rules said....
U.S., Canadian regulators to announce new oil train safety measures
(Source: Reuters, May 1, 2015) OTTAWA — Canada’s transport minister will be in Washington on Friday for a joint announcement with her U.S. counterpart aimed at harmonizing safety regulations on shipping crude oil by rail, a politically sensitive issue on both sides of...
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