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BNSF says federal order won't affect rail shipments

  • BNSF Railway (BRK.A, BRK.B), the main railroad moving crude oil out of the Bakken formation in North Dakota, says a new federal emergency order on rail shipments will not affect its shipments.
  • The U.S. Department of Transportation will require railroads to inform state emergency management officials about the movement of large shipments of crude oil, and will ask companies shipping oil from the Bakken to stop using older generation tank cars that have been involved in several fiery derailments.
  • BNSF says it will comply with the new reporting requirements but does not foresee any impact of service.
  • Related rail/oil stocks: CSX, UNP, NSC, KSU, CP, GWR, OAS, NOG, KOG, CLR, WLL, EOX.
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Comments (10)
  • soccerref
    , contributor
    Comments (25) | Send Message
     
    WB alluded to this at the annual meeting on Saturday. BNSF is getting $5 billion this year for maintenance, upgrade and research (natural gas driven locomotives). Hope UP is listening.
    9 May 2014, 11:04 AM Reply Like
  • psychological-dividends
    , contributor
    Comments (809) | Send Message
     
    It's fascinating that this company can draw so much capital year after year?
    BNSF I mean. This will be good for Berkshire is an era of declining opportunities.

     

    I'm just wondering about the whole Panama Canal situation and how western ports are trying to maintain hegemony.
    10 May 2014, 02:46 PM Reply Like
  • soccerref
    , contributor
    Comments (25) | Send Message
     
    Ask Charlie Munger said Saturday: "I have nothing to add".
    9 May 2014, 11:05 AM Reply Like
  • JMajoris
    , contributor
    Comments (1229) | Send Message
     
    Maybe Mr Munger can add that most of the 5 Bil will be paid to Union Tank Car, another 100% owned BRK company? ;-)

     

    <<Ask Charlie Munger said Saturday: "I have nothing to add". >>
    9 May 2014, 01:26 PM Reply Like
  • geologist
    , contributor
    Comments (327) | Send Message
     
    Does anyone think that the present administration would tell Buffett's BNSF railways it could not ship oil from the Bakken. Mean while the Keystone pipeline is not approved to build even though the studies to determine if it is safe have all said yes it is safe and the pipeline would not produce anymore atmospheric pollution than the railways do shipping oil.
    9 May 2014, 11:06 AM Reply Like
  • WayneARS
    , contributor
    Comments (4) | Send Message
     
    If no atmospheric improvement-what's your point?
    9 May 2014, 11:50 AM Reply Like
  • JMajoris
    , contributor
    Comments (1229) | Send Message
     
    I would think jobs from building and maintaining the pipeline.

     

    <<If no atmospheric improvement-what's your point? >>

     

    Anybody know what % of BNSF's revenue is from Bakken? Anybody know what kind of dip that will take when Keystone get's online?
    9 May 2014, 01:29 PM Reply Like
  • litlbit2
    , contributor
    Comments (2) | Send Message
     
    If no atmospheric improvement! Wth, a diesel chugging down the tracks 24/7 is the same as goods going by pipeline. Sounds like a another campagin donor(BNSF) BS. Government regulations now make it easier for certain individuals to pick trains. IMHO, it is not about safety or a energy program.
    9 May 2014, 04:47 PM Reply Like
  • Nick Dorset
    , contributor
    Comments (81) | Send Message
     
    This represents an opportunity for BNSF to bash the competition. Do any of the other rail companies have immediate access to $40 billion to upgrade their rolling stock?
    As a Brit Investor in BRK for a decade, and shale stocks since 2011 I am baffled as to why pipelines for both liquids and natural gas have not been built from the Dakotas to the East and West coast.
    Can somebody explain?
    10 May 2014, 04:35 AM Reply Like
  • M260
    , contributor
    Comment (1) | Send Message
     
    Who is going to benefit from the Keystone Pipe line?
    Certainly not long term employees, once the pipe line is built, adios to the construction workers.
    Very limited maintenance required, only spills, look at the Alaska pipe line.
    The Keystone pipe line will not supply oil to us.
    Its Canadian oil to be shipped elsewhere.
    the owners of the lands ,us included will see Squat!
    27 May 2014, 08:50 PM Reply Like
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