Inside This Issue
· Farmer’s Bad Harvest: BNSF Results Disappoint… Again
· Cost Cause: Berkshire Says BNSF Must Cut Expenses
· The Ninth of May: NS Shareholder Vote is Just Days Away
· Chaos to Come? Canadian Rail Strike Potentially Just Weeks Away
· Rags to Switches: Fraught Shippers Get Relief with New STB Rule
· Hot Debate: Should RRs Chase IM Traffic Even if it Inflates O.R.?
· Who’s Got a Fast Train? UP Does, From L.A. to Chicago.
Track Talk
“We anticipated more demand and we did not reset our cost structure.”
-Berkshire Hathaway’s Greg Abel, discussing results for BNSF
The Latest
· BNSF disclosed its financial results last week. Once again, they were weak—almost as weak, in fact, as those produced by industry bad-boy Norfolk Southern. Berkshire Hathaway, as discussed below, sounds determined to cut the railroad’s costs, surely with more urgency now that coal volumes are plummeting. Overall across the U.S. rail
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