Hints and tips:
...It is also the latest shift by the conglomerate, which spans the Geico insurer, BNSF railroad and Dairy Queen ice cream purveyor, into blue-chip technology companies....
...Shareholders were left with questions after Abel left the stage, including why BNSF, a unit he oversees, had lagged behind rivals....
...Mr Wan will surely approve of my winner, a BNSF railway executive who told a conference: “We move stuff from one place to another.”...
...It has said it will make $5bn capital investments this year to boost its performance....
...There is also speculation in Mexico about Chinese investment in a connection across the Tehuantepec isthmus....
...In the western US, the two big railroads – Union Pacific and BNSF – have invested heavily in the region’s booming oil production....
...BNSF: $16.8bn The Burlington Northern and Santa Fe is currently most famous for being owned by Berkshire Hathaway, Warren Buffett’s investment vehicle, which bought it in 2009....
...Third, BNSF is a US company....
...Either way, that deal and the BNSF acquisition signal that he looks to China not the US for growth investments....
...For many, that has raised the returns on investments in new capacity above the cost of the capital required for the first time in more than 60 years....
...Buffett’s company has concentrated heavily on BNSF, where it is by now much the biggest shareholder, but it has also taken stakes in Union Pacific and Norfolk Southern....
...in preventing resistance to DP World evolving into a broader backlash against global trade and investment. ?...
International Edition