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...The fund is pushing for the railway company to reduce its stake in Oriental Land and use the proceeds from the sale to focus on the core business of running and modernising its railway, according to people...
...BYD’s expected site at Szeged is close to the Belgrade-Budapest railway line that is under construction by a mixture of Chinese and local firms....
...The Chinese bid was 46.7 per cent below the cost estimated by the Bulgarian railways and 47.5 per cent below the price offered by the nearest competitor....
...This means strong co-ordination and incentives to improve both the asset and the service....
...Union Pacific and BNSF — a division of Warren Buffett’s Berkshire Hathaway — were the two US railroads most directly affected by the closures, the association said....
...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...
...But for some years now JR Central, the company that operates the existing shinkansen line between Tokyo and Osaka, has been looking to best itself with a ¥9tn ($60bn), 500km/h magnetically levitating train...
...Take for example the case of Russian Railways, the state-owned transportation company that plays a key role in Russia’s war effort....
...The company’s operating businesses, which span the BNSF railroad, Geico insurer and aircraft parts maker Precision Castparts, reported a 41 per cent rise in profits to $10.8bn....
...Berkshire’s BNSF Railway, which runs from California to Illinois, reported a decline in shipping revenues and said consumer and industry demand had fallen....
...The Pacific Railway Act gave “every alternate section of public land” to the railroad companies, within wide swaths on either side of the tracks....
...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...
...argues in his opinion piece “The UK needs a new approach to international affairs” (April 8), a good place to start would be the removal of the statue of Robert Clive, founder of the British East India Company...
...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....
...Despite the much-needed investments, the relationship hasn’t always been smooth, with Blackstone at one point imposing big rent increases for railway arches occupied by small businesses....
...In response, Ohio’s senators, Republican JD Vance and Democrat Sherrod Brown, led the bipartisan introduction of the Railway Safety Act to address a range of shortcomings in existing railroad regulation....
...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....
...In 2023, the prefectural government launched a co-operative effort that involved four mobility start-ups, the Toyota-affiliated company Jtekt and Nagoya Railroad....
...When Vienna embarked on redeveloping the brownfield site around the railway station, four of the buildings were earmarked in the master plan as co-housing units....
...Yellow named Berkshire Hathaway-owned railroad BNSF, Amazon, DIY chain Home Depot and tyremaker Goodyear in a list of creditors with each having unsecured claims of at least $1mn....
...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....
...But this year, Abel — heir apparent to lead the $710bn conglomerate that includes the BNSF railroad, private jet operator NetJets and insurer Geico, as well as the other public and private groups Berkshire...
...Unable to lure enough local labour to lay tracks through the treacherous Rocky Mountains, the railroad company petitioned the government to allow it to recruit Chinese workers....
...A key element of that is financing projects such as the Lobito Corridor railway to connect a port in Angola with copper mines in the region....
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