Berkshire Hathaway Inc., Merger Stock Conversion. Burlington Northern Santa Fe, Llc is regulated by the U.S. Security and Exchange Commission . Each division includes numerous subdivisions, normally comprising a single main line and branches. Don Phillips, UP vies for Santa Fe; IC+KCS called off. The system mechanical division also operates the Western Fruit Express Company's refrigerated car repair shop in Spokane, Washington. 582) on mergers involving any two Class I railroads, citing widespread opposition not only to the merger but its effects, likely starting the final round of mergers into two big systems. 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The Company, through its subsidiaries, is engaged primarily in the freight rail transportation business. UP, in return, got a few short sections of trackage rights over BNSF, mainly connecting the SP at Chemult to the UP at Bend, Oregon, and connecting the SP at Mojave, California with existing UP rights on ATSF at Barstow, California. [58], On January 24, 2005, as part of its tenth anniversary celebration, the Burlington Northern and Santa Fe Railway was renamed BNSF Railway, which adopted a new logo. The assortment of colors used on the BNSF Railway over the years has made it one of the most colorful Class I railroads in North America. Time to be selective when putting new money to work. These 40 units were converted to PTC. [2] It has three transcontinental routes that provide rail connections between the western and eastern United States. In October 2017 nine GE B40-8W locomotives rebuilt by GE were painted into this scheme. BNSF locomotives also occasionally show up on competitors' tracks throughout the United States and Canada by way of leases, mileage equalizations, and other contractual arrangements. The combination would have benefited both companies by expanding available cash for capacity improvements, and allowing for longer single-system movements. View and compare burlington,northern,santa,FE on Yahoo Finance. BN had closed Stampede Pass, the Northern Pacific Railway's main line across Washington, in 1984, in favor of the ex-Great Northern Railway's Stevens Pass. Company Name: Burlington Northern Santa Fe Corp., Stock Symbol: BNI, Industry: Automotive and Transportation, Total Posts: 53, Last Post: 2/14/2010 8:57:04 AM [])). Company profile page for Burlington Northern Santa Fe LLC including stock price, company news, press releases, executives, board members, and contact information [15] Subsequently, the UP acquired the Southern Pacific Transportation Company (SP) in 1996, and Eastern systems CSX Transportation and Norfolk Southern Railway split Conrail in 1999. BNSF trains traveled over 169 million miles (272 million km) in 2010, more than any other North American railroad. J. David Ingles, BNSF begins service on UP merger routes. Kevin P. Keefe and Steve Glischinski, Meanwhile, back in Fort Worth.... Burlington Northern Santa Fe: A gradual change of image. Most commonly, grain may move west on the Northern Transcon to the Pacific Northwest and its export terminals, or south to ports in Texas and the Gulf of Mexico.[38]. The BNSF mechanical division operates 13 locomotive maintenance facilities that perform preventive maintenance, repairs and servicing of equipment. [39] Depending on where the markets are, this grain may move in any direction in unit trains, or wait in silos for demand to rise. [3], The BNSF Railway Company is the principal operating subsidiary of parent company Burlington Northern Santa Fe, LLC. [23], Union Pacific's merger with Southern Pacific further enlarged the combined BNSF network. The latter begins its trip on the triple-track Alameda Corridor, shared with the Union Pacific Railroad, and then follows BNSF rails from downtown Los Angeles. First BNSF lettered locomotive utilizing the Santa Fe "Superfleet" paint scheme while retaining the Santa Fe cigar band on the nose. VMV Enterprises in Paducah, Kentucky painted it in a one-of-a-kind "commemorative" scheme, combining Santa Fe's "Warbonnet" with BN's "Executive" colors of dark "Grinstein green" and cream (instead of SF's red and silver). Burlington Northern Santa Fe Corp. is a holding company. Headquartered in Fort Worth, Texas, the railroad's parent company is a wholly owned subsidiary of Berkshire Hathaway, Inc.[4]. [6][7][8][9][10] On February 12, 2010, shareholders of Burlington Northern Santa Fe Corporation voted in favor of the acquisition.[11]. Other Metra cars assigned to BNSF have the current BNSF "swoosh" logo next to the door. In about 2011, about 15 of the remaining cars had the original "BURLINGTON" lettering restored, while the rest now read "BNSF RAILWAY". [29] BNSF trackage rights operations began on the Central Corridor on October 10, and soon thereafter on other lines. Michael W. Blaszak, Lawyers, start your engines!. 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As one of the leading supporters of the Operation Lifesaver program to promote safety at railway crossings and rights-of-way, the BNSF Railway, in 2000, established a grade-crossing closure program. Berkshire Hathaway Inc. agreed to buy Burlington Northern Santa Fe for about $36 billion during the last financial crisis, in late 2009. Although it does not have a steam program like the Union Pacific, the BNSF has allowed for the Southern Pacific 4449, St. Louis–San Francisco 1522, Santa Fe 3751, Spokane, Portland and Seattle 700 and Milwaukee Road 261 steam locomotives to operate excursions over their rails. BN never abandoned the line and began rehabilitating it in early 1996, and the route reopened in early December, relieving the crowded Stevens Pass. David Lustig, Merger or no, Santa Fe has work to do. Burlington Northern Santa Fe is a OTC stock, trading under the symbol BNI-N on the (). After the 2015 Oxnard train derailment, BNSF loaned 40 of their AC4400CWs to Metrolink while their Rotem cab cars received upgrades. When these additional tracks are counted, the length of track which the railway directly controls rises to more than 50,000 miles (80,467 kilometers). The ATSF trackage in California's Central Valley was linked to BN's line into Oregon, through trackage rights over UP between Stockton and Keddie and acquisition of UP's section of the "Inside Gateway" to the beginning of BN trackage at Bieber. BNSF and its chief competitor, the Union Pacific Railroad, have a duopoly on all transcontinental freight rail lines in the Western U.S. and share trackage rights over thousands of miles of track. Most traffic is either trailers of trucking companies such as intermodal partner J. On November 3, 2009, Warren Buffett said Berkshire Hathaway would buy BNSF for $44 billion. [47] A fourteenth division, Colorado, has been consolidated with the Powder River Division, except for the Casper and Cody Subdivisions, which were transferred to the Montana Division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he STB imposed on March 17, 2000 a 15-month moratorium (STB Ex Parte No. UP and BNSF announced in late September 1995 that, in exchange for BNSF not opposing the merger, it would obtain ownership of 335 miles (539 km) of line and about 3,500 miles (5,600 km) of trackage rights to reach these "two-to-one" shippers. Ownership of a short connection between Waxahachie and Dallas also went from UP to BNSF. Warren Buffett made the biggest bet of his career, agreeing to buy Burlington Northern Santa Fe Corp. in a $26.3 billion deal that reflects his long-term optimism about the U.S. economy. It absorbed the St. Louis-San Francisco Railway (Frisco) in 1980. Parents Burlington Northern Inc. and Santa Fe Pacific Corporation were acquired on September 22, 1995 by the new Burlington Northern Santa Fe Corporation. First ex-Burlington Northern locomotive to be repainted into the BNSF Scheme, utilizing Zephyr Silver for trucks and fuel tank. Originally delivered with Santa Fe "Superfleet" red walkways, later changed to green. One of nine North American Class I railroads, BNSF has 41,000 employees,[1] 32,500 miles (52,300 km) of track in 28 states, and more than 8,000 locomotives. The BNSF Railway hosts commuter trains: BNSF Railway Line for Metra (Chicago), Metrolink (Southern California), Northstar Commuter Rail, and Sounder (Puget Sound). This scheme now utilized Great Northern Omaha Orange, Northern Pacific Lowey Green, Chicago Burlington & Quincy Zephyr Silver, and Western Fruit Express Yellow. Locomotives such as SD40-2's, GP38's, GP60M's and SD60M's have been painted in this scheme. In a huge vote of confidence in the recovering U.S. economy, Warren Buffett's Berkshire Hathaway Inc. on Tuesday agreed to buy Burlington Northern Santa Fe Corp., which runs the nation's The merger of the operating companies was held up by issues with unions; ATSF merged on December 31, 1996 into BN, which was renamed the Burlington Northern and Santa Fe Railway Company. NEW YORK (MarketWatch) -- Berkshire Hathaway Inc. said Tuesday it agreed to buy railroad operator Burlington Northern Santa Fe Corp. in a … With BNSF's large system, it hauls many different commodities, most notably coal and grain, as well as intermodal freight. BNSF operates various facilities all over the United States, plus a yard in Winnipeg, to support its transportation system. First locomotive experimented in pre-Burlington Northern Santa Fe Livery using Burlington Northern colours. Yet in 2009 Warren Buffett decided to make an "all-in wager on the economic future of the United States," as Berkshire Hathaway acquired railway Burlington Northern Santa Fe … In making the announcement, BNSF chairman Matthew K. Rose cited improvements in the company's return on invested capital, and expressed hope for continued improvement. This article is about the freight railroad company. The long-rumored announcement was delayed by a disagreement over the disposition of Santa Fe Pacific Gold Corporation, a gold mining subsidiary that ATSF agreed to sell to stockholders. For the. It also hauls bulk cargo, including enough coal to generate around 25% of the electricity produced in the United States. Over the years the number of major US railroads has dwindled, but Burlington Northern Santa Fe (BNSF) thrives as one of the survivors. [citation needed], On February 7, 1995, BN and ATSF heads Gerald Grinstein and Robert D. Krebs both announced that shareholders had approved the plan, which would save overhead costs and combine BN's coal and ATSF's intermodal strengths. On January 24, 2006, BNSF announced a $2.4 billion program of infrastructure upgrades for 2006. Known as "The Great Pumpkin". Burlington Northern Santa Fe Corp. 2650 Lou Menk Drive Fort Worth, TX 76131-2830 Phone : +1.800.795.2673 Web : http://www.bnsf.com [50], In August 2016, a "huge number" of used hypodermic drug needles were found along BNSF railroad bridge in between the University Park and St. Johns neighborhoods of Portland, Oregon that has become a transient encampment. BNSF contracts with News Link, a small business in Lincoln, Nebraska, to publish employee newsletters focused on safety for some of the railroad's divisions and shops. F. our years have passed since Berkshire Hathaway announced that it would acquire Burlington Northern Santa Fe (BNSF) in a cash and stock transaction. In 2014, the Occupational Safety and Health Administration ordered BNSF to pay over $526,000 to workers who had been terminated in 2010 and 2011 after revealing workplace injuries at the terminal in Havre, Montana, which is in contravention of provisions of the Federal Railroad Safety Act protecting whistleblowers. On the front was a new logo, placing "Burlington Northern Santa Fe Railway" in the Santa Fe cross. Your browser will redirect to your requested content shortly. Large freight car hump yards are located throughout the BNSF system.[43]. First BNSF painted locomotive utilizing Omaha Orange, Brunswick Green, Santa Fe Red, Zephyr Silver and Big Sky Blue. This Agreement (“Agreement”) was made and entered into this th day of February, 200 by and between Burlington Northern Santa Fe Corporation, a Delaware Corporation, (hereinafter “BNSF”) and . BNSF "Fakebonnet" unit, originally meant for ATSF, ATSF "Yellowbonnet" with Santa Fe lettering, also lettered for BNSF, BN "Cascade Green" scheme lettered for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he Interstate Commerce Commission (ICC) approved the BNSF merger on July 20, 1995 (with final approval on August 23), less than a month before UP announced on August 3 that it would acquire SP. *The 1984 ending price for Burlington Northern has been adjusted for a 2 for 1 stock split. Michael W. Blaszak, Illinois Central, KCS seek a potent union. According to a conductor quoted by The Oregonian "Pretty much see people down there at all hours of the night. Due to the program, BNSF has been the industry leader in lowering the number of grade-crossing collisions. 9647, introduced in late August 1995, just as the Interstate Commerce Commission was approving the merger. The line used by New Mexico Rail Runner Express was sold to the state of New Mexico, but BNSF retained all freight rights on the line and operates freight trains as needed. [citation needed]. For administrative purposes, BNSF is divided into two regions and ten operating divisions. Exhibit 10.39 . 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