Rail stocks soared yesterday when it was revealed that Warren Buffett’s Berkshire Hathaway is now the largest single shareholder in BNSF. Apparently, people think he knows something. But rail stocks have been hot for a while. Former VIA Rail chairman Jean Pelletier won another court case last month, this one a wrongful-dismissal case against the […]
BNSF: 4Q operating income $942 million, up 18 per cent from 4Q 2005; earnings per diluted share were $1.42, up 26 per cent from 4Q 2005. Annual operating income: $3.5 billion. Reuters. Canadian National: 4Q net income was $499 million ($CDN), up 16 per cent; diluted earnings per share 95¢, up 22 per cent. Net […]
What I found interesting about this photo by Allen Rockwell is that each of these three BNSF engines has a slightly different paint scheme — the most recent is at front. Photo by Allen Rockwell.
This week, BNSF got the go-ahead from federal regulators to begin using a computerized warning system that automatically applies a train’s brakes if the GPS detects an imminent collision and the engineer fails to respond to the warning. The International Herald Tribune‘s Don Phillips has more. The system has been in testing since 2004.
BNSF and UP are hauling record amounts of coal from the Powder River Basin this year, but they’re still struggling to keep up with the demand from the electricity companies they haul it to, the Associated Press reports.
For some reason this photo — taken today — seems appropriate right now. Photo by priebe86.
Railfans might be seen as a nuisance by some, but until September 11 they were probably seen as harmless. Since then, though, they’ve complained about being harassed by overzealous security officers who think that a train nut along a rail line taking photographs is kind of suspicious. Railfans have countered that, far from being a […]
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