Hints and tips:
...Shippers and railroad industry groups warned that the closures were disrupting trade in goods between the two countries, hitting industries from carmaking to farming....
...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....
...The average employee at a large freight railroad earned $87,100 in wages and $38,300 of fringe benefits in 2017, according to the Association of American Railroads....
...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....
...Canadian railroad systems....
...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...
...But the US railroad said it would “carefully evaluate and consider” the bid from Canada’s number two railroad, aimed at creating the first railroad able to operate all the way across the US and Canada from...
...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....
...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....
...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....
...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...
...Big railroad deals come with big regulatory risk. North America has shrunk to seven large regional railroads, with two in most regions (CSX shares the east coast with Norfolk Southern)....
...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....
...Canada has imposed new regulations to force railroads to move set amounts of grain each week....
...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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