Hints and tips:
...The parent company of Mexican rail company Ferromex, Grupo México, declined to comment....
...Commuter rail systems in Chicago, northern Virginia and southern California also said they would suspend their service during a freight rail strike....
...An independent Burlington Northern Santa Fe railroad, with revenues of $22.5bn in 2021, would rank 129th by size in the Fortune 500....
...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....
...“If we think we can serve our customers well and get more efficient in the process, we will adopt whatever we observe,” Mr Buffett told the company’s annual meeting in May....
...TPL has nominated Don Cook, 72, a retired four-star general of the US Air Force who has served on six boards of directors, including the Burlington Northern Santa Fe Railroad, USAA Federal Savings Bank and...
...Core businesses of the conglomerate like Geico insurance, the BNSF railroad and the industrials unit that includes Precision Castparts performed solidly in the quarter, each reporting earnings and revenue...
...The Burlington Northern and Santa Fe Pacific railroads merged in 1995, while Union Pacific took over the Southern Pacific the following year....
...“Norfolk Southern is now the outlier,” Mr Hatch says of how the company has suffered compared with others....
...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...
...The NS bid is CP’s second for another North American railroad under Mr Harrison. The company last October approached CSX but was rebuffed. ....
...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....
...Mr Buffett’s largest deal to date was the takeover of the Burlington Northern Railroad in 2009, when Berkshire paid $26bn for the 77 per cent of the company it did not already own....
..., 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 knowing nothing....
...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....
...“We will be making decisions that are in the best interests of shippers and the best interests of the longer-term recovery,” the company said....
...Warren Buffett’s Burlington Northern Santa Fe railroad, operator of the US’s second-biggest rail network, will be the only freight operator with a significant amount of track using PTC by the December deadline...
...There were also strong fourth-quarter results on Thursday from Canadian Pacific, Canada’s second-biggest railroad, which reported a rise in net income from C$82m to C$451m, on revenue up 8 per cent to C$6.62bn...
...Cable companies and railroads are not dissimilar. Both have capital-intensive networks snaking through their home regions. Within those regions, they face limited direct competition....
...Mr Rose, executive chairman of Burlington Northern Santa Fe, operator of the US’s second-biggest rail network, was speaking after his company – part of Warren Buffett’s Berkshire Hathaway – pledged to invest...
...Burlington Northern Santa Fe, the Warren-Buffett-owned operator of the US’s second-biggest rail network, started refusing from Monday to accept containers from other railroads heading for export from west...
...“Last year was the worst it has ever been,” Mr Burkhart says of the service the company received from Burlington Northern Santa Fe and Canadian Pacific, the two railroads that serve its nine facilities....
...John Brooks, a senior CP executive, told the hearing the company was handling record volumes of grain on its network in the US’s northern plains but that it had suffered because of a severe winter and congestion...
...Some of the worst problems are in Chicago, where all seven big North American railroads – known as the Class Is – meet and exchange trains....
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