BNSF loses freight to Union Pacific amid rail delays
DALLAS – BNSF Railway Co., the only U.S. railroad ordered by the regulator (Surface Transportation Board) to provide weekly service updates, is losing market share to Union Pacific Corp., its main competitor, as train speeds slow and on-time deliveries drop.
The shift in market share had shown up in carload statistics, Union Pacific Chief Executive Officer Jack Koraleski said Thursday. During the second quarter, the Union Pacific’s loads rose 8.2 percent while those of BNSF, owned by Warren Buffett’s Berkshire Hathaway Inc., gained 4.9 percent.
Read the complete story at Fort Worth Business Press.