Please join me in congratulating BNSF on their 20th anniversary! On September 22nd 1995 Burlington Northern Railroad and Atchison, Topeka and Santa Fe Railway merged to become Burlington Northern Santa Fe Railway. In January 2005 I guess they figured their name was too much of a mouthful and they changed it to the BNSF Railway Co. we know and love today!
The next significant event was their acquisition by Berkshire Hathaway Inc. in February 2010 for $34 billion plus the assumption of $10 billion in debt. It was the biggest deal ever done by Warren Buffett and speaks to the excellent investment he considered BNSF to be.
Partnering With BNSF
New Mexico Transloading wouldn’t be much of an inland transloading facility without railroad service! BNSF provides that, and through our design, installation and operations phase have been excellent partners. We worked together on the facility design to ensure that railcars have the most efficient ingress and egress. The BNSF account managers graciously walk our “new to rail” clients through the process and the switch crews are a pleasure to work with. All in all I couldn’t ask for more.
Warren Buffet Sleeps Easy at Night
Since the Berkshire Hathaway purchase of BNSF their revenues have increased by nearly two thirds to $23.2 billion and net earnings have doubled to $4 billion. In fact the market value of the company has doubled too so I guess Mr. Buffett sleeps easy at night since stroking the biggest check he’s ever stroked! You can find more information on BNSF performance and vision in the Spring – Summer edition of Railway Magazine.
Break Bulk Americas Convention
We are exhibiting at the forthcoming Break Bulk Americas convention in Houston TX. I’d welcome the opportunity to meet with you there and discuss how we can serve you transloading needs.