crude by rail
Kansas City Southern
Texas & Pacific
A Rare Class-1 Rail CEO Gathering ...
A rare trio spoke in August before an important annual professional gathering that represents all transport modes: Three leading Class-1 CEOs – BNSF’s Matt Rose, Kansas City Southern’s Mike Haverty, and Norfolk Southern’s Wick Moorman – spoke at a forum called “Balanced Regulation & Freight Railroads"...
Fri, Sep 25 2009
TRAINS cover breaks new ground
Matt Van Hattem
by Matt Van Hattem, Senior Editor If you’ve ever stopped to glance at the cover of a fashion magazine (admit it — we all have), you may also know that the “photo” is often a composite of different pictures of the same model, knit together seamlessly with the magic of photo editing software. At Trains...
Mon, Nov 9 2009
Rush Loving on Why Buffett Bought BNSF
Matt Van Hattem
Guest post from Rush Loving Two weeks ago, when Warren Buffett announced his purchase of Burlington Northern Santa Fe, a number of journalists seemed surprised that anyone would want to buy a railroad. "A railroad might strike many people as a bit old-fashioned-more 19th century than 21st,"...
Fri, Nov 20 2009
Rush Loving: What Kind of Owner Will Warren Buffett Be?
Matt Van Hattem
By Rush Loving --UPDATED-- A lot of people at Burlington Northern Santa Fe are probably wondering what Warren Buffett will do to their company once Berkshire Hathaway completes its purchase in the next few months.. Everyone in the railroad industry knows all about predators who come seeking quick profits...
Thu, Jan 7 2010
A mid-winter thaw
Last week, I was reading Slate Magazine’s Moneybox column by Daniel Gross , in which he makes the case that recovery will come sooner and stronger than we expect. Much as I’d like to believe him, I think we all have doubts right now about how long it’ll be before the economy we live on returns to normal...
Mon, Jan 11 2010
What's bigger than coal in rail's future?
Within eight years, the biggest producer of oil in the world will be … yes, the United States of America. Bigger than Saudi Arabia and any of the other sheikdoms. So says the International Energy Agency , a Paris-based organization that The Wall Street Journal describes as a highly regarded source...
Tue, Nov 13 2012
The demise of crude by rail is greatly exaggerated
Some of my correspondents — smart people, all — have gotten a case of the jitters regarding crude oil by rail. They point to the North Dakota Pipeline Authority, the keeper of statistics for Bakken shale production, which says rail’s market share of oil leaving the state fell from a...
Mon, Jul 28 2014
Visionary railroading in 2014
My friend Keel Middleton is a veteran BNSF Railway engineer, working out of Wellington, Kan., on the 311-mile, mostly double-track district west to Amarillo, Tex., on the Chicago-Los Angeles Transcon. Keel has seen business levels at highs and at lows, but never so high as last Friday. You should take...
Tue, Jul 29 2014
Last-minute decisions (and the Dining Car From Hell)
How would you solve this problem? You've used a jillion Guest Rewards points to book bedrooms on the Coast Starlight from San Jose, Cal., to Los Angeles, the Sunset Limited to New Orleans and the Crescent to Washington, D.C. The Starlight arrives in LA at 9 p.m., the Sunset leaves at 10 p.m., and therein...
Mon, Aug 11 2014
Cuff notes* on a rainy day
I'm writing this in western Pennsylvania, less than an hour after leaving Pittsburgh. Out my window is a dark day, with rain and mist--not the best way to end a four-day trip across the country. I'd rather it be the other way around, that is, raining across the Sierra Nevada range and sunny in the Alleghenies...
Wed, Aug 13 2014
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