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Keyword: bnsf

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  • Berkshire is accused in NY lawsuit of workers' comp 'siphoning'

    09/12/2016 2:22:11 PM PDT · by george76 · 4 replies
    Reuters ^ | Sep 12, 2016 | Jonathan Stempel
    Berkshire Hathaway Inc has been sued by a New York bicycle courier company over an alleged illegal scheme to cheat employers buying workers' compensation policies. The complaint, filed late Friday by Breakaway Courier Systems, came as Berkshire's Applied Underwriters unit faces scrutiny over its workers' compensation policies, including some that have been banned by California, Vermont and Wisconsin. Breakaway, with about 300 employees, accused Berkshire and Applied of "siphoning" premiums through a web of illegal shell companies, with diverted premiums going to unlicensed out-of-state insurers. The plan amounted to a "reverse Ponzi scheme" where unsuspecting employers expecting to buy affordable...
  • Three Train Workers presumed dead after fiery Texas crash

    06/29/2016 1:04:28 PM PDT · by TEXOKIE · 39 replies
    Foxiness.com ^ | June 29, 2016 | Foxnews.com
    <p>Investigators said Wednesday they believed three missing crew members aboard two freight trains that collided head-on in the Texas Panhandle did not survive.</p> <p>Emergency personnel have moved from a rescue effort to a recovery operation, Texas Department of Public Safety Sgt. Dan Buesing said.</p>
  • Obama Buddy Buffett Doubles BNDF investment due to Keystone Decision

    11/09/2015 7:44:39 AM PST · by raptor22 · 12 replies
    American Thinker ^ | November 9, 2015 | Daniel John Sobieski
    When President Obama announced he was killing the Keystone XL pipeline, he said he was agreeing with the State Department’s assessment that the pipeline from Canada “would not serve the national interests of the United States.” The fact is that it would not have benefitted the personal financial interests of friend and economic mentor, Warren Buffett, who can rest assured that oil from Canada and the nearby Bakken formation in North Dakota will continue to be transported by a railroad he owns. As Investor’s Business Daily noted in a 2011 editorial: Killing the Keystone XL pipeline may help one of...
  • Union Pacific, BNSF Threaten to Shut Down Railroad Networks (CSX too, January 1)

    09/25/2015 9:07:24 AM PDT · by tcrlaf · 83 replies
    NBC 5 Chicago ^ | 9-26-2015 | NBC
    "Operations across our entire network will likely be compromised by congestion and effectively shut down," warned Carl Ice, the president of BNSF. Widespread disruptions of freight and passenger rail traffic are likely if Congress doesn't extend a deadline to start using certain safety technology before the end of the year, railroads are warning. Freight and passenger railroads have said in letters to the Senate Commerce Committee Chairman John Thune, R-S.D., that they won't have the technology known as positive train control, or PTC in operation by Dec. 31, the deadline set by a 2008 rail safety law. The...
  • Massive Fire Rages After Another Buffett-Owned Oiltrain Derails In North Dakota, Town Evacuated

    05/06/2015 3:11:22 PM PDT · by george76 · 36 replies
    Exactly two months after the latest Warren Buffett-owned BNSF train derailed near the spot where the Galena river meets the Mississippi, resulting in a huge fire and the evacuation of all homes in a one mile radius, moments ago another of Buffett's BNSF oil trains derailed, this time near the town of Heimdal, North Dakota, resulting in the same outcome. According to the Bismark Tribune, the town in Wells County was evacuated Tuesday morning after a train full of oil tanker cars derailed and burned about a mile and half east of here. ... For those concerned that these countless...
  • Mudslide Derails train on Camera.

    04/14/2015 2:16:23 PM PDT · by BBell · 18 replies
    liveleak.com ^ | 4/14/15
    Witness John Hill saw the whole thing unfold. He was working nearby when he had a feeling something was about to happen. He went to his car to grab his camera and before he knew it, the 100 slope next to the freight train started fail! I saw the hill start to go. It went down and hit the first car and it tipped over, then more cars kept tipping over. It was crazy how loud it was and how slow it all happened, he said. There had been activity on the rain saturated slope earlier in the day which...
  • West Coast paralysis: Some winners...sort of

    02/20/2015 10:29:20 AM PST · by george76 · 5 replies
    CNBC ^ | Allen Wastler
    West Coast docks are paralyzed as employers and longshoremen continued to spat about contracts and congestion problems. There are plenty of losers. Exporters, like farmers and ranchers, can't get their perishables to Asian markets during the Lunar New Year when demand for fruit and meat is particularly high. And importers large and small are beginning to report shipment delays and inventory shortages. Are there winners? Kind of Air Freight. Some importers, like electronics dealers and luxury retailers, can afford to put their cargo on planes, despite at least a ten-fold increase in shipping costs. ... East Coast/Gulf Coast ports....
  • Berkshire's BNSF Railway to Test Switch to Natural Gas

    03/05/2013 11:24:15 PM PST · by Ernest_at_the_Beach · 23 replies
    WSJ ^ | Updated March 5, 2013, 7:23 p.m. ET | RUSSELL GOLD
    BNSF Railway Co., one of the country's biggest consumers of diesel fuel, plans this year to test using natural gas to power its locomotives instead. If successful, the experiment could weaken oil's dominance as a transportation fuel and provide a new outlet for the glut of cheap natural gas in North America. The surplus, spurred by new technologies that unlock the fuel from underground rock formations, has sent natural-gas prices plummeting. That has prompted industries from electric utilities to tugboat operators to switch to gas. If freight rail joins the parade, it would usher in one of the most sweeping...
  • Antitrust lawsuit against railroads dismissed

    03/05/2013 9:55:58 PM PST · by Olog-hai · 5 replies
    Associated Press ^ | March 1, 2013 4:24 PM EST | Margery A. Beck
    A federal judge has dismissed a lawsuit that accused Union Pacific and BNSF Railways of price fixing. Oxbow Carbon & Minerals LLC said in its lawsuit that the two biggest railroads in the western U.S. worked to avoid direct competition with each other to keep rates high, and that Union Pacific has refused to ship coal from its Oxbows Elk Creek Mine in western Colorado to avoid competing with BNSF. The lawsuit brought by Oxbow and six of its companies also said the railroads fuel surcharges arent based on actual costs and simply raise shipping rates. But U.S. District Court...
  • BNSF offers $10,000 reward for information about rail tampering

    09/27/2011 3:35:44 PM PDT · by Bean Counter · 39 replies
    The Columbian ^ | September 27, 2011 | Paul Suarez
    Vancouver, WA - BNSF Railway is offering a reward for information in connection to the suspected tampering of railroad tracks that delayed nine trains in Southwest Washington on Monday. The railroad is offering an up to $10,000 reward for information leading to the arrest and conviction of person or persons responsible for tampering with tracks between Vancouver and Chehalis on Monday, spokesman Gus Melonas said. Anyone with information should call the crime tip hotline at 1-800-832-5452, he said. Informants arent required to give their name to get the reward. Officials discovered the tampering just before 11 a.m. Monday near the...
  • Legislators Question BNSF Track Deal (NM-Richardson's Railroad)

    12/07/2010 5:19:51 PM PST · by CedarDave · 4 replies
    The Albuquerque Journal ^ | December 7, 2010 | Colleen Heild
    It turns out the state Department of Transportation has already paid $5 million for nearly 200 miles of northern New Mexico train track it has no plans to use, but is resisting taking title to the rail line because of potential environmental problems. That revelation came during a legislative hearing Monday in which DOT officials estimated the cost of routine maintenance on the stretch of train track would cost the state nearly $6 million a year money that would have to come from the fund the state uses for road repair and maintenance. In addition, DOT officials said Monday...
  • State Ends Up With 200 Miles of Track It Can't Use (NM-Richardson's Railroad)

    12/06/2010 7:47:26 PM PST · by CedarDave · 48 replies
    The Albuquerque Journal ^ | December 5, 2010 | Colleen Heild
    Just as state officials grapple with a huge budget shortfall, here comes a multimillion-dollar bill for 200 miles of railroad track the state of New Mexico has no plans to use. Records show that the state Transportation Commission voted in August to set aside $2 million in next year's budget for capital improvements along the stretch of train track from Lamy to the Colorado border. That's on top of the $5 million the state promised to pay BNSF Railway Co. to purchase that same stretch of track. State Department of Transportation spokeswoman Megan Arredondo told the Journal that the additional...
  • Buffett's big bet on coal

    11/05/2009 4:55:34 AM PST · by thackney · 16 replies · 652+ views
    Houston Cronicle Energy Blog ^ | Nov 4, 09 | Tom Fowler
    Warren Buffett's Berkshire Hathaway upped its stake in Burlington Northern yesterday, paying about $26 billion for the rest of the big railway system. Is the purchase all about playing with trains? Not really. Buffett said it's a bet on the U.S. economic recovery, that moving goods around will surge when things pick-up again. It's also seen by some as a big bet on coal. B&N's system goes through Wyoming's Powder River Basin, which is the primary source for a lot of the low-sulfur coal many U.S. power plants rely on these days to keep down their emissions (including the W.A....
  • Buffett's Big Bet: $34B On 2nd-Largest Railroad

    11/03/2009 3:15:24 PM PST · by Steelfish · 31 replies · 1,262+ views
    AP Report ^ | November 03, 2009
    Buffett's Big Bet: $34B On 2nd-Largest Railroad Freight expectations: Warren Buffett goes `all-in' with $34B bet on railroads and the economy By Samantha Bomkamp,November 3, 2009 NEW YORK (AP) -- The biggest name in investing is making what he calls an "all-in wager" on the U.S. economy -- $34 billion to own a railroad that hauls everything from corn to cars across the country. The acquisition of Burlington Northern Santa Fe, the nation's second-largest railroad, would be the biggest ever for Warren Buffett's Berkshire Hathaway investment company. It's a natural fit for the Oracle of Omaha, a city with a...
  • Freight derailment on BNSF mainline in Montana affects 3,000 Amtrak passengers

    01/04/2009 3:07:39 PM PST · by An Old Man · 24 replies · 1,170+ views
    West Central Tribune ^ | December 30, 2008 | News Staff
    HELENA, Mont. (AP) Holiday travel for more than 3,000 Amtrak rail passengers was disrupted when 16 rail cars carrying new automobiles derailed over the weekend in northwestern Montana. Crews were still working Monday night to rerail the cars and reopen the Burlington Northern Santa Fe main line. The derailment caused Amtrak to cancel its eastbound Empire Builder passenger train between Seattle and Minneapolis on Sunday and the westbound train between those cities Monday, said Vernae Graham, an Amtrak spokeswoman in Oakland, Calif. She said other Empire Builder trains along the route were delayed, including one that was 22 hours...
  • Senators unhappy with TxDOT

    02/08/2008 12:59:57 PM PST · by Tolerance Sucks Rocks · 8 replies · 500+ views
    Palestine Herald-Press ^ | February 7, 2008 | Palestine Herald-Press
    Sometimes the truth just has a way of coming to light. A public information officer with the Texas Department of Transportation this week wrote a column in the Herald-Press describing the financial woes facing TxDOT and how because of those problems the states transportation department doesnt have the money to deal with many of the states transportation issues. Apparently, several of the states senators do not feel that is the case at all. David Dewhurst called out the states interim chairwoman of the Texas Transportation Commission, Hope Andrade, on this very issue, according to a story from the Associated Press....
  • Toll developer pitches 600 miles of new railway

    03/29/2006 6:16:11 PM PST · by Tolerance Sucks Rocks · 20 replies · 554+ views
    Dallas Morning News ^ | March 29, 2006 | Jim Vertuno (Associated Press)
    The developer of the first phase of the Trans Texas Corridor super highway toll system says Texas needs an addition: 600 miles of new rail line from Dallas-Fort Worth to Mexico for freight trains. That's the proposal from Cintra-Zachry, the Spanish and American partnership already working on the first section of toll road for cars and trucks, announced by state transportation officials Wednesday. The Trans Texas Corridor is the plan kick-started several years ago by Gov. Rick Perry to build 4,000-plus miles of tollways and railways that would incorporate oil and gas pipelines, utility and water lines, and even broadband...
  • Proposition on ballot would move rail yards Texas constitution

    10/17/2005 11:57:42 AM PDT · by Tolerance Sucks Rocks · 14 replies · 688+ views
    El Paso Times ^ | October 16, 2005 | Brandi Grissom
    AUSTIN -- For years, El Paso officials have studied the multimillion-dollar plan to move hundreds of acres of rail yards out of Downtown to make way for more-attractive development. Texas voters might give the officials help with their plan next month. Proposition 1 on the Nov. 8 constitutional amendment ballot would create a state fund of up to $2 billion to help move and improve rail lines statewide. Proponents of the measure say the fund would be the only way to generate billions of dollars needed to move rail yards out of urban areas. Critics contend that the fund would...
  • Proposition 1 sets up fund for relocation of rail lines

    10/09/2005 3:49:43 PM PDT · by Tolerance Sucks Rocks · 13 replies · 479+ views
    Houston Chronicle ^ | October 8, 2005 | Clay Robison
    AUSTIN - The first of nine state constitutional amendments proposed on the Nov. 8 ballot would establish a fund through which taxpayers would help pay for relocating freight rail lines from congested urban areas. Like most of the ballot proposals, except for the ban on same-sex marriages, Proposition 1 has received little attention. But it is beginning to spark some debate and, depending on how it fares at the polls, could become an issue in the March Republican governor's primary. Proposition 1 supporters, including Gov. Rick Perry, think the new fund would be an important step toward easing traffic congestion...