Hints and tips:
...Berkshire’s BNSF Railway, which runs from California to Illinois, reported a decline in shipping revenues and said consumer and industry demand had fallen....
...Instead, Buffett directed Berkshire to pump much of the cash that the company’s various businesses — which span insurer Geico, BNSF Railway and the Dairy Queen ice cream chain — were generating in 2020 and...
...The gains were propelled by strong results from its BNSF Railway and the string of electric utilities it owns....
...The company has struggled recently to find what Mr Buffett calls “elephants”, the so-called mammoth deals such as BNSF, the railway, or NV Energy, the electric utility, that formed the core of present-day...
...Back in 1999, Rifkind Levy picked up a 999-year lease on disused railway tunnels underground, behind Lords’ Nursery End....
...“The groundwork for this case was set in two previous cases — Daimler AG v Bauman and BNSF Railway Co. v Tyrrell — in which the Supreme Court put limitations on the jurisdictions of state courts,” says Mr...
...But the goal is to be more like the New York Stock Exchange than the BNSF Railway: a dominant marketplace matching human capital (drivers) and physical assets (cars) with those willing to pay for using them...
...So it is with Warren Buffett’s rail operator BNSF, a predictable payer of dividends....
...Mr Wan will surely approve of my winner, a BNSF railway executive who told a conference: “We move stuff from one place to another.”...
...Even so, Mr Buffett is right to prefer US railways to airlines as an investment. By coincidence, Delta matched BNSF, the railroad company owned by Berkshire, on two measures last year....
...railways and a string of US power companies....
...Investors said that despite a number of bonds issued by Berkshire and subsidiaries such as railway BNSF, a lack of recently issued seven- and 10-year paper complicated their view of how prices compared to...
...He also suggested that BNSF was considering participating in mergers, although the company — like Union Pacific — has stressed it opposes new mergers....
...“Norfolk Southern is now the outlier,” Mr Hatch says of how the company has suffered compared with others....
...The company last October approached CSX but was rebuffed. ....
...mini-conglomerate Marmon, utility group Berkshire Hathaway Energy and the BNSF railway — until Monday, his largest acquisition....
...Profits at Berkshire Hathaway’s railway operator, BNSF, jumped in the first months of this year, even as it poured money into capital improvements, providing some relief as 40,000 shareholders gathered in...
...BNSF, the railway, and Berkshire Hathaway Energy publish quarterly earnings reports of their own but analysts say other divisions report substantially fewer details than competitor companies....
...Regulators quashed the merger of Canadian National with BNSF in 1999. CSX has transformed its operations in the past decade....
...Berkshire’s main businesses span insurance, railways and power companies, and the group also owns retailers, industrial companies, newspapers, and a portfolio of stakes in brand-names groups such as Coca-Cola...
...BNSF, the company’s railway subsidiary, which has been plagued by backlogs that first built up during last winter’s harsh weather, has lost market share, the company warned....
...BNSF and CP are also among the biggest transporters of crude from North Dakota’s fast-growing Bakken Shale oil producing region, while all three companies have experienced strong growth in demand to move...
...Farmers and grain shippers have both complained about the rail companies’ performance and claimed that railways have shifted resources from grain shipments to meet growing demand to shift crude oil by rail...
...While Mr Buffett’s Berkshire Hathaway has benefited from the oil boom through its BNSF railway and its tanker business, it has steered clear of taking large stakes in shale production companies....
International Edition