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U.S. rail chiefs take case on grain delays to regulators

  • Senior execs from rail operators BNSF (BRK.A, BRK.B) and Canadian Pacific (NYSE:CP) pleaded with regulators today not to force them to take other operators’ trains on their networks in areas of the northern plains plagued by severe freight delays.
  • Today's hearing discussed how farmers faced severe delays moving last year’s bumper harvest because of rail congestion, and there is growing concern over the potential for similar delays for this year’s harvest, which already is starting for some crops and also is expected to be large.
  • "Any decision that forces more railcars on to our already congested system will not create more capacity,” BNSF chief marketing officer Stevan Bobb warned. “It will reduce capacity to some BNSF customers.”
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Comments (1)
  • bibol11
    , contributor
    Comments (95) | Send Message
     
    I worked for a railroad for over 30 years. They claim they are for competition. Which is a lie. One example is the BN and ATSF before the merger. It was cheaper to ship grain from Salina, Ks to the Gulf of Mexico on the BN. Except the grain elevator was a mile from the BN track on the ATSF track. The transfer fee made it cheaper to ship on the ATSF. The railroads now believe in only having enough track to ship what shipments they think they will need. That is why the now BNSF has a hard time shipping the oil from the Dakota's. Because they only fix or maintain the track they think they will need. No excess trackage at all.
    4 Sep 2014, 08:19 PM Reply Like
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