Hints and tips:
...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....
...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....
...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....
...One outlier is BNSF, a subsidiary of Warren Buffett’s Berkshire Hathaway....
...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...
...Winslow used to be the busiest railway hub in northern Arizona....
...Mr Wan will surely approve of my winner, a BNSF railway executive who told a conference: “We move stuff from one place to another.”...
...“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...
...of BNSF railways and a string of US power companies....
...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....
...Matt Rose, of Burlington Northern Santa Fe, owned by Warren Buffett’s Berkshire Hathaway, said that BNSF would expect to be involved in any such wave of consolidation....
...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....
...The industry’s current structure — with CSX and NS in the eastern US, Union Pacific and BNSF in the west, CP and Canadian National in Canada and Kansas City Southern operating north-south — is widely regarded...
...Burlington Northern Santa Fe, operator of the US’s second-biggest rail network, also did well, reporting a 12 per cent increase in net earnings despite a 5 per cent decrease in revenues....
...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...
...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....
...this year to upgrade the BNSF railway....
...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....
...BNSF, one of two big railroads serving West Coast ports, said it would “unravel slowly” the operational restrictions it had placed on movements to the facilities....
...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...
...Regulators quashed the merger of Canadian National with BNSF in 1999. CSX has transformed its operations in the past decade....
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