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...The BNSF railroad’s revenues fell 4.1 per cent, almost entirely driven by lower shipments of coal....
...When Berkshire bought BNSF in 2010, it was National Indemnity that executed the transaction....
...Buffett’s sprawling conglomerate, which owns the BNSF railroad and Geico insurer, first invested in the iPhone maker in 2016 at the direction of one of his two investment deputies: Todd Combs and Ted Weschler...
...US Customs and Border Protection on Monday closed railway bridges at the cities of Eagle Pass and El Paso, Texas, which respectively rank as the second and fourth busiest freight rail crossings with Mexico...
...Abel appeared relaxed as he spoke about how the BNSF railroad was performing, how Buffett had approached his investment in Occidental Petroleum, as well as how it was handling litigation over wildfires —...
...Jain heads the insurance operations that underpin Berkshire, providing the cheap capital that has allowed Buffett to build a conglomerate spanning businesses from Duracell batteries to railroad operator BNSF...
...BNSF also reported lower rail shipment volumes....
...Additional reporting by Dylan Loh A version of this article was first published by Nikkei Asia on March 6. ©2024 Nikkei Inc. All rights reserved....
...A total of 65 per cent of those who voted in a local referendum in Grünheide expressed opposition to Tesla’s plan, which involves the clearing of 100 hectares of forest to make way for a railway station,...
...controversial among environmental campaigners and locals, who two weeks ago overwhelmingly voted against a major expansion plan that would have involved clearing hundreds of hectares of forest to build a railway...
...his annual letter on Saturday that there were very few deals that offer the kind of transformative impact past takeovers have had, such as its purchases of insurers Geico and National Indemnity or the BNSF...
...There were, he said, few deals that offered the kind of transformative impact past takeovers have had, such as its purchases of insurers Geico and National Indemnity or the BNSF railroad....
...But investors said they would be closely scrutinising Buffett’s annual letter next February for any indications that change is afoot at the conglomerate, which counts insurer Geico and the BNSF railroad...
...Berkshire’s BNSF Railway, which runs from California to Illinois, reported a decline in shipping revenues and said consumer and industry demand had fallen....
...His father built bridges and railway lines for the city of San Diego, where the family settled down. Samii remembers his father poring over architectural plans to work out engineering failures....
...The sprawling conglomerate is now worth more than $780bn, with stakes in Apple, Coca-Cola and Bank of America as well as ownership of the BNSF railroad and Geico insurer....
...The BNSF railroad, with more than 32,000 miles of track that run from Oakland, California to Chicago, showed a 12 per cent drop in revenues....
...Barbie Inc: An increasing number of films revolve around the origin stories of everyday objects. Is Hollywood’s basket of ideas finally empty?...
...A version of this article was first published by Nikkei Asia on April 2 2024. ©2024 Nikkei Inc. All rights reserved....
...One investor said they were concerned Berkshire did not have systems in place to address what they called “reprehensible behaviour” at BNSF....
...The activist, known for waging battles at companies including JCPenney, Allergan and Canadian Pacific Railway, is employing the same bare-knuckle tactics at his alma mater, including calling for the removal...
...Traffic on its BNSF railroad also fell at the start of the year, which the company blamed on lower imports from the west coast and the loss of a customer....
...A version of this article was first published on October 24 by Nikkei Asia. ©2023 Nikkei Inc. All rights reserved....
...The canal and railway manias of the 1790s and 1840s respectively helped transform the UK into the world’s leading economy, for example....
...The company plans to open “flex spaces” in places such as Destin, Florida, (population 14,000) and in Britain’s traditional railway hub of Crewe (55,000)....
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