Hints and tips:
...The parent company of Mexican rail company Ferromex, Grupo México, declined to comment....
...Shippers of goods from animal feed to electronics have urged the US Congress to intervene in a simmering labour dispute that could freeze freight service on the nation’s railways as soon as this week....
...An independent Burlington Northern Santa Fe railroad, with revenues of $22.5bn in 2021, would rank 129th by size in the Fortune 500....
...Berkshire, which owns the Burlington Northern Santa Fe freight rail operator and the insurer Geico, increased its wager on only one bank during the quarter: Bank of America, its second-largest stock investment...
...After he was hired in March 2017 from Canadian Pacific Railway to run CSX, he swiftly began transforming the 21,000-mile network....
...But the runaway winner was Ford CEO Mark Fields, who began the year with the depressing news that his company was “transitioning from an auto company to an auto company and a mobility company”....
...The company benefits because it captures the present value of of the delay in paying the IRS (an interest-free loan)....
...Precision Castparts, the maker of specialist components for aircraft engines, puts on a bewildering display. A model railway represents the Burlington Northern Santa Fe network....
...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 board has shown little interest in further consolidation since a wave of mergers in the 1990s created the current, highly consolidated structure....
...and pursue the best interests of the company and its stockholders.”...
...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....
...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...
...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....
...this year to upgrade the BNSF railway....
...Jim Shanahan of Edward Jones described disclosure at Berkshire as “terrible . . . It is laughable that you could model this company in the same way as you could any other financial company.”...
...“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....
...Its operating margin has gone from 10 to 30 per cent, as the company has squeezed labour and other costs....
...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...
...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...
...Berkshire’s main businesses span insurance, railways and power companies, and the group also owns retailers, industrial companies, newspapers, and a portfolio of stakes in brand-names groups such as Coca-Cola...
...Truckers – and logistics companies such as UPS – handle only the short-haul movements at either end of a journey....
...Partially offsetting the declines in Burlington Northern, the winter weather did boost Berkshire’s utility MidAmerican Energy, as heating demand drove up energy use....
...The company planned to invest “just as aggressively” in capacity expansion this year, with extra attention again to the congested corridor....
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