BNSF, Canadian Pacific ordered to disclose plans to speed grain shipments

|By:, SA News Editor

Warren Buffett’s BNSF Railway (BRK.A, BRK.B) and Canadian Pacific Railway (CP) face a June 27 deadline to say how they will clear a backlog of grain shipments that has frustrated farmers for months.

The U.S. Surface Transportation Board is ordering the railroads to outline by then how they will deal with service disruptions, including a timeline for doing so, and to subsequently provide weekly updates about their progress.

This year's unusually cold winter slowed rail networks in the U.S. and Canada, forcing railroads to run shorter trains and aggravating congestion on a system already dealing with increased shipments of crude oil from North Dakota's Bakken Shale region.