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...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...
...They include employees of the largest carriers in North America, such as Union Pacific, CSX and BNSF, a business owned by Warren Buffett’s Berkshire Hathaway....
...Fe and completed in 1778 (after the previous theatre burnt down)....
...we’re doing....
...In 2009 Berkshire announced the acquisition of railroad company Burlington Northern Santa Fe for $44bn including debt. The deal was paid with 60 per cent cash and 40 per cent Berkshire shares....
...That decline more than offset the improvement in underlying earnings at Berkshire, which owns railroad Burlington Northern Santa Fe, insurer Geico and chocolate maker See’s Candies....
...Last week the Jacksonville, Florida-based company reported an operating ratio — operating costs as a percentage of revenue — of 57.4 per cent, its best for any second quarter....
...We’re also going to build better railways With spades going in the ground on HS2, our commitment to fund the Manchester-Leeds leg of the Northern Powerhouse Rail funding today for a new station at Cambridge...
...Warren Buffett’s Berkshire Hathaway reported a surge in profits as its insurance business rebounded and a change in accounting rules forced the sprawling conglomerate to recognise gains on its multibillion-dollar...
...The Digital Services Tax will only be paid by companies which are profitable and which generate at least £500m a year in global revenues in the business lines in scope....
...“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...
...Mr Wan will surely approve of my winner, a BNSF railway executive who told a conference: “We move stuff from one place to another.”...
...Work has already started near the town of Santa Julia and is scheduled for completion next year. As we drive by, heavy machinery is pouring asphalt on to the red earth, the dust clogging our nostrils....
...railways and a string of US power companies....
...A model railway represents the Burlington Northern Santa Fe network. Sadly, there are no discounts on NetJets, the pay-per-flight private aircraft operator....
...A series of mergers in the 1990s left just Union Pacific and Burlington Northern Santa Fe in the western US; Norfolk Southern and CSX in the eastern US; CP and Canadian National in Canada; and Kansas City...
...NS and CSX dominate the eastern US, Union Pacific and BNSF — part of Warren Buffett’s Berkshire Hathaway — the west and Canadian Pacific and Canadian National Canada and some lines in US....
...as highly consolidated....
...The secondary market for shuttle trains on the Burlington North Santa Fe and Union Pacific railways, which dart between the western farm belt and grain customers, illustrates the situation....
...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...
...The company’s operations span insurance and lending, railways, manufacturing and power companies, and it maintains a portfolio of minority stakes in other large US companies....
...Many of the railroads — particularly Burlington Northern Santa Fe, the second-biggest, owned by Warren Buffett’s Berkshire Hathaway — have had to invest heavily to relieve congestion....
...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....
...underperforming companies, buying a capital intensive business (Burlington Northern Santa Fe railroad) and most recently, a company (the $27bn acquisition of Precision Castparts) about which he admitted...
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