Archive for January, 2015

BNSF Warns Against State Curbs On Oil Shipments

BNSF Warns Against State Curbs On Oil Shipments

January 12, 2015 | Rollcall.com| The increase in domestic crude production not only in the Bakken region but in the Eagle Ford in Texas and elsewhere “truly the greatest business development that I think we’ll all see in our collective lifetime,” BNSF Railway Executive Chairman Matthew Rose said Sunday at a panel discussion at the […]

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Buffett Trapped by Oil Plunge After BNSF Commits to Rail Upgrade

Buffett Trapped by Oil Plunge After BNSF Commits to Rail Upgrade

January 13, 2015| Bloomberg.com|Warren Buffett joked two years ago about the good fortune of having an oil boom in North Dakota, near the tracks of his BNSF Railway Co. More recently, the gusher has become a mixed blessing. [Read the entire article here.]

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Crews work to clean up train derailment

Crews work to clean up train derailment

January 13, 2015 | WEAU| CHIPPEWA COUNTY, Wis. (WEAU) Crews are working to clean up the site of a train derailment in Chippewa County. Witnesses say the cars derailed last night near Highway SS, south of New Auburn. There’s no other information available on this incident at this time. But on Friday, crews had to […]

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America’s Going to Lose the Oil Price War

January 12, 2015 | Bloomberg View|The financial debacle that has befallen Russia as the price of Brent crude dropped 50 percent in the last four months has overshadowed the one that potentially awaits the U.S. shale industry in 2015. It’s time to heed it, because Saudi Arabia and other major Middle Eastern oil producers are unlikely […]

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Berthold poses challenge to BNSF Railway

January 11, 2015 | Bismark Tribune| The police chief in Berthold, a small oil patch town west of Minot, has new marching orders from city hall: Ticket the train engineer the next time a BNSF Railway train blocks both crossings in town for more than 20 minutes. Berthold is taking a page out of the […]

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BNSF’s Rose Says Thicker Oil-Tank Walls Better Than Speed Limits

BNSF’s Rose Says Thicker Oil-Tank Walls Better Than Speed Limits

January 11, 2015 | Bloomberg | Tougher tank cars are needed to reduce the risk of an oil spill if a train carrying crude derails, the chairman of BNSF Railway Co. said. A “stronger tank car is warranted” and is preferable to other proposed safety measures such as new speed limits, which would slow the […]

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BNSF Railway Re-evaluates Plan for Safer Cars Amid Client Talks

BNSF Railway Re-evaluates Plan for Safer Cars Amid Client Talks

January 11, 2015 | Bloomberg | BNSF Railway Co., the railroad owned by Warren Buffett’s Berkshire Hathaway Inc. (BRK/A), is reconsidering a plan to buy 5,000 oil-tank cars built to new safety standards after some customers voiced concern about the initiative. “At first everybody applauded us for doing it,” BNSF Chairman Matt Rose said today […]

By January 12, 2015 0 Comments Read More →
Woman hurt in car vs. train accident

Woman hurt in car vs. train accident

January 9, 2015 | Wane.com | KOSCIUSKO COUNTY, Ind. (WANE)  A Leesburg woman was seriously hurt Friday afternoon when witness said she drove into the path of an oncoming train. Medics were called to the intersection of County Road 600 North and Old State Road 15 around 4:30, after getting a report of a car/train […]

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Off the tracks: train derails north of Chippewa Falls

Off the tracks: train derails north of Chippewa Falls

January 9, 2015 | Chippewa Harold | At least four railroad cars left the tracks just north of County Road S Friday morning in the Town of Eagle Point. The train, which was attached to a Progressive Rail locomotive was composed of more than 70 cars, most of which were covered hoppers. It came to […]

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U.S. Parties Take Step Toward Settlement for Oil Train Victims

January 10, 2015 | ABC News | Parties involved in a proposed $200 million settlement fund for victims of a fiery train disaster that killed 47 people asked a Canadian judge Friday to give them until September to pin down the details. The court filing in Sherbrooke, Quebec, described for the first time how money […]

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