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Tag Archives: bnsf

Berkshire Hathaway 4th-quarter profit up 32 percent

Berkshire Hathaway CEO and Chairman Warren Buffett. (Image: Fortune Live Media via Flickr)

OMAHA, Neb. (AP) — Berkshire Hathaway reported a 32 percent jump in fourth-quarter earnings on Saturday, as its eclectic collection of subsidiaries mostly performed well. The conglomerate based in Omaha, Nebraska, that Warren Buffett leads earned $5.48 billion, or $3,333 per Class A share. That’s up from $4.16 billion, or $2,529 per Class A share, a year earlier. The three ...

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State regulators levy $71,000 fine against BNSF over spills

BNSF Railway will be required to pay more than $71,000 in a settlement with state regulators over not reporting spilled hazardous materials within the time required under state law. The settlement stems from more than a dozen hazardous materials spills across the state between Nov. 1, 2014, and Feb. 24, 2015, including a train that leaked 1,611 gallons of Bakken ...

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BNSF fined for tardy reporting of spills along railway

OLYMPIA, Wash. — Washington state regulators have fined BNSF Railway $71,700 for tardy reporting of crude oil leaks and other hazardous material spills along the state’s railway. The Utilities and Transportation Commission on Monday approved a settlement agreement between the railroad and its staff. But the UTC removed a provision that would have suspended $40,000 of the penalty if the ...

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A look at 6 major railroad companies

NEW YORK — The U.S. rail network accounts for about 40 percent of U.S. freight moves by ton-miles (the length freight travels) and 16 percent by tons (the weight of freight moved). There are 21 regional railroad companies and 510 local. Below is a look at the major operators. BNSF Railway Parent company: Warren Buffett’s Berkshire Hathaway Inc. Miles of ...

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Speed rules didn’t apply to train in ethanol spill

WASHINGTON — The train that derailed earlier this month in Wisconsin and spilled 20,000 gallons of ethanol into the Mississippi River didn’t have a sufficient number of cars carrying flammable liquids to meet lower federal speed requirements The government set the new requirements this year in response to safety concerns about transporting crude oil by rail. According to railroad shipping ...

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Crews work to clear up after 2 Wisconsin train derailments

WATERTOWN, Wis. — Crews worked Monday to clear freight cars from rail tracks and contain spilled crude oil and chemicals after two trains derailed in Wisconsin about 200 miles apart over the weekend. More than a dozen cars of a Canadian Pacific Railway train loaded with crude oil jumped the tracks in Watertown on Sunday afternoon, puncturing one car that ...

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Feds reject call for tougher fire-resistance for crude oil tank cars

Federal officials have rejected a call to toughen the fire-resistance of railroad tank cars that carry highly flammable crude oil, hundreds of which pass through the Chicago area each day. The U.S. Department of Transportation is standing by its decision issued last spring that new and retrofitted tank cars be required to withstand being engulfed in a pool of burning ...

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Train derailment spilled thousands of gallons of ethanol

ALMA, Wis. — Crews are working to clear a freight train derailment in western Wisconsin that spilled thousands of gallons of ethanol. BNSF Railway said crews continued Sunday to transfer ethanol from the derailed cars and get the cars back on the tracks. The train derailed Saturday about two miles north of Alma, a town along the Mississippi River. Some ...

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150-car train delivers sand to oil and gas hub in New Mexico

LOVING, N.M. — A 150-car freight train recently delivered 16,500 tons of sand for oil and gas fracking to a facility in southeastern New Mexico. Rangeland Energy said the unit train powered by five locomotives started its journey in Ottawa, Illinois, arriving Oct. 2 in Loving. The train was operated by Burlington Northern Santa Fe and finished its journey on ...

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U.S. oil-rail flux means no retrofit bonanza for tank car makers

NEW YORK – When U.S. regulators adopted new rules last May to make hauling crude by rail safer, shippers anticipated relatively moderate costs and adjustments while rail tank car makers geared up for a retrofitting bonanza. It has not worked out that way. Months later, oil companies are learning that meeting the new standards is more expensive and complicated than ...

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