BNSF Sees Intermodal Upside Amid Uncertainty

BNSF Sees Intermodal Upside Amid Uncertainty

From Talking Transports by Bloomberg

March 17, 2026 · 41 min

About this episode

BNSF's Chief Marketing Officer discusses the railroad's demand outlook amidst economic uncertainty and trade volatility.

Rail-freight demand is subdued but stable as economic uncertainty and shifting global trade patterns cloud near-term volume expectations. In this Talking Transports podcast, BNSF Chief Marketing Officer Tom Williams joins Bloomberg Intelligence’s Lee Klaskow to discuss the railroad’s demand outlook. Williams highlights the railroad’s improving service, noting that consistent transit times are key to converting more truckload freight to rail. He also outlines how investments in technology, infrastructure and network efficiency have reduced dwell times and improved velocity across the system. The conversation covers trade volatility, tariff impacts on import flows, the proposed Union Pacific–Norfolk Southern merger and why he’s still celebrating his beloved Indiana Hoosiers’ national championship in college football. See omnystudio.com/listener for privacy information.

People in this episode

Host: Lee Klaskow

Guest: Tom Williams

Topics covered

  • rail-freight demand
  • economic uncertainty
  • global trade patterns
  • service improvement
  • technology investments
  • trade volatility
  • mergers

Keywords

  • BNSF
  • rail-freight
  • economic uncertainty
  • global trade
  • service improvement
  • Union Pacific
  • Norfolk Southern
  • technology
  • infrastructure
  • national championship

Mentioned in this episode

Organizations: BNSF, Bloomberg Intelligence, Union Pacific, Norfolk Southern

Places: Indiana

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