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....
...Shareholders were left with questions after Abel left the stage, including why BNSF, a unit he oversees, had lagged behind rivals....
...Berkshire, which owns the BNSF railroad and Geico insurer, did not say why it had asked US securities regulators for permission to keep the stock purchases confidential in its third-quarter filings....
...In August he placed a $6bn bet on Japan’s five biggest trading houses, including Mitsubishi Corp and Sumitomo Corp....
...Berkshire Hathaway’s railroad unit BNSF named company veteran Kathryn Farmer its new chief. She will replace Carl Ice, who will retire in January after 42 years at the freight network....
...One outlier is BNSF, a subsidiary of Warren Buffett’s Berkshire Hathaway....
...The company has struggled recently to find what Mr Buffett calls “elephants”, the so-called mammoth deals such as BNSF, the railway, or NV Energy, the electric utility, that formed the core of present-day...
...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 company’s railroad BNSF posted revenues up nearly 15 per cent from a year prior as shipments of coal surged by more than a fifth....
...BNSF operates approximately 32,500 route miles of track in 28 US states and three Canadian provinces....
...Mr Wan will surely approve of my winner, a BNSF railway executive who told a conference: “We move stuff from one place to another.”...
...One such pair of transactions gave BNSF and UP their current form....
...At Berkshire’s railroad subsidiary, BNSF, 90 per cent of the $2.06bn fund is now invested in equities, and its most recent annual report revealed that just three stocks account for 47 per cent of the fund...
...of deferred taxes reported by Berkshire for the end of 2014 is more than five times the level of a decade ago, following Mr Buffett’s move into more capital intensive businesses, with the acquisition of BNSF...
...He also suggested that BNSF was considering participating in mergers, although the company — like Union Pacific — has stressed it opposes new mergers....
...Investors said that despite a number of bonds issued by Berkshire and subsidiaries such as railway BNSF, a lack of recently issued seven- and 10-year paper complicated their view of how prices compared to...
...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...
...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 poor performance of BNSF is likely to be a significant topic....
...He has stressed capital investment by some divisions, too, including a $6bn programme this year by BNSF to improve its rolling stock and end the service delays that have plagued its recent performance....
...Among BNSF’s projected $6bn capital expenditure is $1bn of spending on the company’s Northern Corridor route across the northern great plains....
...“BNSF Railway is encouraged that parties involved have agreed to mediation and urges prompt restoration of full production levels necessary to avoid further disruptions,” it said....
...The rising traffic, however, created severe congestion, particularly on Warren Buffett’s BNSF, UP’s largest rival....
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