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BNSF Sues Oklahoma Localities Over Blocked Rail Crossing Rule
Monday, August 26, 2019 - 10:01pm | 466BNSF (NYSE: BRK) is challenging an Oklahoma mandate that enables local law enforcement to fine freight railroads for blocking a railroad crossing for more than 10 minutes. The railroad, which is an operating unit of Berkshire Hathaway, filed a suit with the U.S. District Court in the western...
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BNSF Responds To Pacific Northwest Legislation Targeting Crude-By-Rail
Wednesday, May 1, 2019 - 3:51pm | 1032As state legislatures react to the growing volumes of crude oil being transported by rail in the Pacific Northwest, their responses will continue to bump up against the freight railroads' federally mandated obligation to move goods, including hazardous materials. Washington state's Senate...
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BNSF Seeing "Multiple Trains" Stopped Through Upper Plains As Jaden Bears Down
Thursday, January 31, 2019 - 2:10pm | 469Winter storm Jaden is slowing rail operations throughout the Upper Midwest and Northeast with the largest Class 1 railroad by track miles reporting "multiple trains" being stopped and delayed due to the storm. BNSF (NYSE: BRK-A) warned customers Jaden's record cold and wind chill...
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BNSF's Long-Serving Executive Chairman Matthew Rose To Retire Next April
Wednesday, October 3, 2018 - 11:35am | 446Long-serving railroad man led BNSF through acquisition by Berkshire Hathaway. BNSF announced that former chief executive Matthew Rose will retire from a his role as executive chairman of the largest freight railroad in the U.S. effective next April. Rose, 58, was named chief executive of BNSF in...
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Truck Pricing Is Inflecting; Loop Says Buy J.B. Hunt Shares
Wednesday, November 16, 2016 - 1:37pm | 374Rick Paterson of Loop Capital has launched coverage of J B Hunt Transport Services Inc (NASDAQ: JBHT) with a Buy rating and $100 price target on inflection in truck pricing and company’s guidance for mid- to high-single-digit volume growth at its franchise intermodal unit in 2017. Bullish...
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Stephens Says Union Pacific Investors Have 'Buying Opportunity'
Tuesday, September 8, 2015 - 2:33pm | 470Shares of Union Pacific Corporation (NYSE: UNP) are up more than 2.6 percent on Tuesday trading, after research firm Stephens upgraded its stock from Equal-Weight to Overweight, maintaining a price target of $105.00. According to a report issued Tuesday, analysts Justin Long and Brian Colley...