Burlington Northern Santa Fe

Operates freight railroad network.

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Headquarters:
2650 Lou Menk Dr.
Fort Worth, TX 76131
Employees: 40,000
CEO: Matthew Rose
Subsidiary of Berkshire Hathaway

Website: http://www.bnsf.com

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Burlington Northern Santa Fe is one of the nation's largest freight railroad operators. The company has 6,700 locomotives and an average of 220,000 freight cars on a 32,000 mile route system in 28 states and two Canadian provinces.

Berkshire Hathaway acquired Burlington Northern Santa Fe in February 2010 for approximately $44 billion.

A significant amount of the nation's consumer and industrial goods are transported via BNSF including cars, beer, wine, canned goods, lumber, chemicals and propane.

More than 10 percent of the electricity produced in the United States, enough to power one out of every ten homes in the nation, is now generated from coal hauled by BNSF. More than 90 percent of the coal BNSF hauls comes from the Powder River Basin (PRB) in Wyoming and Montana, which contains the world's largest single deposit of low-sulfur coal

BNSF is one of the largest grain-hauling railroads in the United States. In 2010, BNSF hauled 1,058,000 carloads of agricultural commodities. BNSF transports enough grain to supply 900 million people with a year’s supply of bread.

History

While its predecessors number more than 330 and date back as early as 1849, Burlington Northern Railroad (BN) was created on March 2, 1970, by the merger of four primary railroads: Chicago, Burlington & Quincy Railroad Co. (CB&Q); Northern Pacific Railway Co. (NP); Great Northern Railway Co. (GN); and the Spokane, Portland and Seattle Railway Co. (SP&S).

Burlington Northern would merge with Santa Fe Pacific in 1995.

Berkshire Hathaway acquired the company in 2010.

Benefits

The following are benefits currently offered to corporate and management (non-union) employees at BNSF Railway:

401(k) Plan
Employees are eligible the first day of the month after 30 days of service and can contribute up to 25% of earnings. The basic company matched is 50% on 6% of pre-tax contributions and an additional year-end match based on Company performance. The performance match is up to 30% on the firs 6% of contributions.

Health Insurance
BNSF Railway provides two nationwide PPO plans through Blue Cross Blue Shield of Illinois. Employees can select either the base or plus plan. Each plan has different coverage levels and price tags.
In most large cities the CIGNA Network plan is available. This plan works like an HMO. Some locations also have HMO options available to them.

Prescription Drugs
In the base PPO plan, employees pay a percentage of the cost of the medication (with limits). In the Plus PPO plan and the CIGNA Network plan employees pay a copay for generic drugs ($10), Brand-name formulary drugs ($25) and non-formulary drugs ($40). Employees may purchase their medications via mail order and pay a reduced amount. HMO's have their own prescription benefits.

Dental Insurance
A PPO Dental plan is offered through Aetna nationwide. Managed Dental plan option is limited to specific locations.

Life Insurance
BNSF Railway pays 100% of basic life insurance for the employee. Coverage is two times the employee's benefits pay (base salary plus target ICP).
Optional Life Insurance is available up to 5 times benefits pay. Employees may also purchase child and spouse life insurance.

Long Term Disability
BNSF Railway covers 50% of benefits pay at no cost. LTD benefits begin following 182 consecutive days of disability. Employees may elect to increase the LTD option to 66 2/3% of benefits pay.

Vision Plan
Two options are available. Both options cover eye examinations, lenses, and frames or contact lenses.

Short Term Disability
BNSF Railway provides 100% base-salary continuation, for up to 182 days of disability.

Tuition Reimbursement Program
Employees are eligible for this program after completing 6 months of service

Flexible Spending Accounts (FSAs)
Employees can set aside money from paychecks on a before-tax basis to pay for eligible health care and dependent childcare expenses.

Personal Accident Insurance
This option provides accidental death and dismemberment benefits for you and your dependents; up to 7 times benefits pay available.

BNSF Railway Company Incentive Compensation Plan (ICP)
Rewards employees based on the Company's performance.

BNSF Railway Retirement Plan
You are automatically covered after one year of service. You must have 5 years of service to be vested in the Plan. To qualify for early retirement you must be 55 years-old with 10 years of vesting service; full retirement benefits are at age 65, or at age 62 with no less than 30 years of service.

Railroad Retirement (RRB)
Provides an annuity similar to Social Security with increased benefits from Tier II taxes. Employees are vested with their RRB benefit after 60 months of railroad service.

Retiree Life Insurance
Employees retiring from non-union service receive $10,000 in Company paid retiree life insurance.

Vacation
Two weeks paid vacation annually after one-year service. Additional week earned at the start of the 5th, 10th and 20th service anniversaries.

Holidays
Eleven paid holidays per year.

Updated April 17, 2013