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BNSF Railway

Burlington Northern Santa Fe
Railroad NameBNSF Railway
Logo FilenameBNSF Railway logo.png
Logo Size174
System MapBNSF Railway system map.svg
Map Size300
Map CaptionSystem map (trackage rights in purple)
Image CaptionBNSF ES44DC No. 7520 leads on the Southern Transcon in the Mojave Desert, California
Local EMidwest and Western United States
Start Year1996
End Yearpresent
Length32166 mi (51766.2 km) at end of 2008
(-) 0.01% from 2007
Hq CityFort Worth, Texas

BNSF Railway

Company nameBNSF Railway Company
FoundedDecember 31, 1996 in Delaware as Burlington Northern and Santa Fe Railway
Key peopleMatthew K. Rose (chairman, president, and CEO)
Revenue$18,132,372,000 (+) 14%
Operating income$3,823,703,000 (+) 12%
Net income$2,397,016,000 (+) 17%
Total assets$35,702,439,000 (+) 8%
Total equity$18,111,029,000 (+) 5%
ParentBurlington Northern Santa Fe Corporation

     Home | Company | Burlington Northern Santa Fe

The BNSF Railway is a wholly owned subsidiary of Berkshire Hathaway Inc., and is headquartered in Fort Worth, Texas. It is one of seven North American Class I transcontinental railroads and the second largest freight railroad network in North America, second only to the Union Pacific Railroad, its primary competitor for Western U.S. freight.

It was formed December 31, 1996, as the Burlington Northern and Santa Fe Railway, when the Atchison, Topeka and Santa Fe Railway (often called the "Santa Fe") was merged into the Burlington Northern Railroad. In 1999, BNSF and the Canadian National Railway announced their intention to merge and form a new corporation entitled the North American Railways to be headquartered in Montreal, Canada. The United States' Surface Transportation Board (STB) placed a fifteen-month moratorium on all rail mergers, which ended this merger. On January 24, 2005, the railroad's name was officially changed to "BNSF Railway," using the initials of its original name.

BNSF Railway is a wholly owned subsidiary of the Burlington Northern Santa Fe Corporation, the holding company formed by the September 22, 1995, merger of Burlington Northern, Incorporated, and the Santa Fe Pacific Corporation. According to corporate press releases, the BNSF Railway is among the top transporters of intermodal freight in North America. It also hauls enough coal to generate roughly ten percent of the electricity produced in the United States. The company's three transcontinental routes provide a high-speed link between the western and eastern United States.

On November 3, 2009, Warren Buffett's Berkshire Hathaway announced that it would acquire the remaining 77.4 percent of BNSF that it didn't already own for $100 per share in cash and stock - a deal valued at $44 billion. The company is investing an estimated $34 billion in BNSF and acquiring $10 billion in debt. On February 12, 2010, shareholders of Burlington Northern Santa Fe Corporation voted in favor of the acquisition.

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