Mar 16, 2015

BNSF: Determined Not to Disappoint

CEO Carl Ice reassures NGFA annual meeting attendees in San Antonio, TX

​"We disappointed, but we're going to do better. In fact, we already are."

That was the key message from Carl Ice, president and chief executive officer of BNSF Railway as he addressed the more than 600 members of the National Feed & Grain Association meeting at their 119th annual convention in San Antonio, Texas.

Ice reiterated what has recently been reported in Feed & Grain; that is, that the company introduced a $5 billion capital investment plan for 2014 that added more than 5,000 employees, 500 locomotives and 5,000 freight cars plus overall infrastructure improvements.

While the NGFA audience was understandably focused on the oil vs. grain capacity issues, Ice noted that BNSF measures 22 business segments, and in 2014, 19 of those segments were up. Domestic intermodal is the largest segment, at all-time records.

As such, Ice talked about investments that benefit the entire system, rather than targeting any particular segment. Overall capital investments for 2015 will approach $6 billon and include a new-generation signal system.

"Generally, our railroad is in the best shape it's ever been, as it should be," he said.

Ice also noted how unique it is to address an organization marking its 119th anniversary. "What's even more impressive," he noted, "is that our company and the ag industry have been working together since the 1850s."

Recently Added to Buyer's Guide

HP FiberBoost©

  • Contains functional fibers produced specifically for dietetic use in piglets
  • Fiber stimulates gut and eases transition at weaning

Huve Check-Feed

  • On-site screening test to detect monensin, including Monovet® 90, in feedstuffs
  • Produces accurate, reliable results without adding microtracer particles to feed for detection methods

VM-13.3 G

  • Industrial-grade 13.3-inch LCD monitor
  • Full HD resolution: 1920 x 1080 (1080p/60)

Safety 101

  • Designed to keep all safety activity in one place across all locations
  • Mobile Inspection App to perform walk-around inspections, toolbox talks, JSAs and more

GMS Mixer

  • Fast and gentle mixing
  • Two horizontally arranged, superimposed mixing tools

Centrifugal Sifter

  • Can process up to 100,000 kg/hour, removing foreign bodies as small as 0.1 mm
  • Can be situated in gravity-fed configuration or within inline processes such as a pneumatic conveying line

Magazine

Marketwatch: Sep, 25

cmdty National Corn Price Idx: ZCPAUS.CM

open: 5.0983
high: 5.1197
low: 5.0758
close: 5.0977

cmdty National Soybean Price Idx: ZSPAUS.CM

open: 12.3748
high: 12.4458
low: 12.3523
close: 12.4162

cmdty National Hard Red Winter Wheat Price Idx: KEPAUS.CM

open: 6.9139
high: 6.9874
low: 6.8939
close: 6.9467

cmdty National Soft Red Winter Wheat Price Idx: ZWPAUS.CM

open: 6.592
high: 6.6955
low: 6.577
close: 6.6684