Who owns BNSF Railway?
BNSF Railway is one of the largest freight railroads in North America. One of seven North American Class I railroads, BNSF has 35,000 employees, 32,500 miles (52,300 km) of track in 28 states, and nearly 8,000 locomotives. Who owns BNSF Railway? BNSF’s history dates back to 1849 when the Aurora Branch Railroad in Illinois and…
BNSF Railway is one of the largest freight railroads in North America. One of seven North American Class I railroads, BNSF has 35,000 employees, 32,500 miles (52,300 km) of track in 28 states, and nearly 8,000 locomotives.
Who owns BNSF Railway?
BNSF’s history dates back to 1849 when the Aurora Branch Railroad in Illinois and the Pacific Railroad of Missouri were formed. The Aurora Branch eventually grew into the Chicago, Burlington, and Quincy Railroad, (CB&Q), a major component of the successor Burlington Northern. A portion of the Pacific Railroad became the St. Louis-San Francisco Railway (Frisco).
Moving to 2009, Warren Buffett said Berkshire Hathaway would buy BNSF for $44 billion. The acquisition was approved by the boards of both companies and was approved by BNSF shareholders on February 12, 2010. With BNSF’s large system, it hauls many different commodities, most notably coal and grain, as well as intermodal freight.
Predecessor Burlington Northern Railroad (BN) entered Wyoming’s low-sulfur coal-rich Powder River Basin in the 1970s through the construction of the Powder River Basin Joint Line with Union Pacific Railroad predecessor Chicago and North Western Transportation Company.
