Oregon Electric

Company History: The Oregon Electric Railway (OE) was an interurban railroad line in the U.S. state of Oregon that linked Portland to Eugene. Service from Portland to Salem began in January 1908. The Spokane, Portland and Seattle Railway purchased the system in 1910, and extended service to Eugene in 1912. Regular passenger service in the Willamette Valley ended in May 1933. Freight operations continued and the railway survived into the 1990s, ultimately as a Burlington Northern feeder. Operation as an electric railroad ended July 10, 1945.

The tracks run parallel to the main modern Union Pacific line between Portland and Eugene, used for freight and passenger service. The OE line is to the west, closely following the Willamette River. In the 2000s, the line has been under consideration as an alternative for Amtrak's Cascades and Coast Starlight passenger lines. Removing passenger service from the clogged Union Pacific track would improve the timeliness of the trains, permit higher capacity, and allow higher-speed travel, peaking at 110 MPH.

Burlington Northern operated the last freight train on the Portland-Beaverton segment of this mainline on December 31, 1994, in preparation for the construction of Westside MAX, part of the TriMet light rail system.

The right-of-way between Portland and Tigard has since been abandoned. From the north bank depot, it followed 10th Avenue, Salmon Street, and West Bank of the Willamette River. Portions of the right-of-way between the Southwest Waterfront and Multnomah Boulevard are currently under Interstate 5.

Successor/Parent History: The BNSF Railway (reporting mark BNSF) is one of the largest freight railroad networks in North America, second to the Union Pacific Railroad (UP) (its primary competitor for Western U.S. freight), and is one of seven North American Class I railroads. It has 48,000 employees, 32,500 miles (52,300 km) of track in 28 states, and over 8,000 locomotives. It has three transcontinental routes that provide high-speed links between the western and eastern United States. BNSF trains traveled over 169 million miles in 2010, more than any other North American railroad.[2] The BNSF and UP have a duopoly on all transcontinental freight rail lines in the Western U.S. and share trackage rights over thousands of miles of track.

According to corporate press releases, the BNSF Railway is among the top transporters of intermodal freight in North America. It also hauls bulk cargo. For instance, the railroad hauls enough coal to generate roughly ten percent of the electricity produced in the United States.

Headquartered in Fort Worth, Texas, the railroad is a wholly owned subsidiary of Berkshire Hathaway Inc.

The creation of BNSF started with the formation of a holding company, the Burlington Northern Santa Fe Corporation on September 22, 1995. This new holding company then purchased the Atchison, Topeka and Santa Fe Railway (often called the "Santa Fe") and Burlington Northern Railroad, and formally merged the railways into the Burlington Northern and Santa Fe Railway on December 31, 1996. On January 24, 2005, the railroad's name was officially changed to "BNSF Railway," using the initials of its original name.

In 1999, Burlington Northern Santa Fe and the Canadian National Railway announced their intention to merge and form a new corporation entitled North American Railways to be headquartered in Montreal, Canada. The United States' Surface Transportation Board (STB) placed a 15-month moratorium on all rail mergers, which ended this merger.

On November 3, 2009, Warren Buffett's Berkshire Hathaway announced it would acquire the remaining 77.4 percent of BNSF it did not 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.

Brief History: The U.S. is a country of 50 states covering a vast swath of North America, with Alaska in the northwest and Hawaii extending the nation’s presence into the Pacific Ocean. Major Atlantic Coast cities are New York, a global finance and culture center, and capital Washington, DC. Midwestern metropolis Chicago is known for influential architecture and on the west coast, Los Angeles' Hollywood is famed for filmmaking.