(BRK.A), (BRK.B)
BNSF Railway, a subsidiary of Berkshire Hathaway, has set a remarkable milestone at its Los Angeles Hobart Intermodal Facility in 2023. Handling the world’s largest quantity of domestic intermodal freight, the facility achieved an impressive on-time departure record of 94%, surpassing the previous high of 86% set in 2012. What makes this achievement even more remarkable is that it was accomplished during the safest year on record for accidents and injuries.
Richard Dennison, BNSF California Division General Manager, attributes this success to the strong execution of the local team, a commitment to continuous improvement, and ongoing investments in Southern California.
To further enhance its capabilities, BNSF has expanded capacity at the Hobart facility by 500 spaces and introduced new crane stacking technology. Moreover, the company is dedicated to increasing efficiency at its San Bernardino intermodal facility and has strategically positioned 100 locomotives across the West Coast and other key network locations to mitigate potential service disruptions.
In a significant infrastructure development, BNSF completed a project in 2023 to add approximately 45 miles of triple track between Barstow and Needles, CA. Additionally, the company is progressing with the Barstow International Gateway, a groundbreaking master-planned rail facility expected to revolutionize logistics in the U.S. Upon completion, this facility will drive down supply chain costs, reduce carbon emissions, and offer a more cost-effective rail move compared to traditional truck transportation.
BNSF is also investing in cleaner technologies, including electric hostlers, as well as implementing advanced systems like Load Plan Optimizer and Automated Yard Checks to boost efficiency.
Looking ahead, Dennison emphasizes BNSF’s commitment to adapting to the evolving supply chain landscape through new service offerings and continued capital investments. With a focus on accommodating the growth in Southern California and across its network, BNSF Railway remains at the forefront of innovation in the transportation industry.
© 2024 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell a stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future