Hints and tips:
...US Customs and Border Protection on Monday closed railway bridges at the cities of Eagle Pass and El Paso, Texas, which respectively rank as the second and fourth busiest freight rail crossings with Mexico...
...Commuter rail systems in Chicago, northern Virginia and southern California also said they would suspend their service during a freight rail strike....
...Precision railroading was evangelised by Hunter Harrison, a renowned manager who introduced it first on Canadian railways....
...Mr Wan will surely approve of my winner, a BNSF railway executive who told a conference: “We move stuff from one place to another.”...
...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 railways...
...A model railway represents the Burlington Northern Santa Fe network. Sadly, there are no discounts on NetJets, the pay-per-flight private aircraft operator....
...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...
After being spurned by CSX, Canadian Pacific turns to Norfolk Southern
US railroad says offer values it about $28.3bn, less than 10 per cent premium to trading price
...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....
...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....
...Canadian National said in a statement on Saturday that “the stakes are high now”, noting that the railway was “a true backbone of the economy”, transporting more than $200bn worth of goods across a rail...
...Thus Canadian Pacific has reportedly approached CSX, one of two railways in the Northeastern US, following a track laid by Comcast in its pursuit of Time Warner Cable....
...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...
...Warren Buffett’s Berkshire Hathaway said service on its US railway had fallen “below our internal standards”, after months of customer complaints and freight delays....
...It has started adding a second track to its northern main line across Montana....
...Partially offsetting the declines in Burlington Northern, the winter weather did boost Berkshire’s utility MidAmerican Energy, as heating demand drove up energy use....
...BNSF said that, during 2013, its northern corridor route received more of its $4bn capital spending than any other part of its network, but that the work to install new sidings and second tracks had added...
...The investment guru’s conglomerate, Berkshire Hathaway, runs Burlington Northern, owner of a train carrying crude oil that crashed into a derailed vehicle on Monday night in North Dakota....
...Biggest Deal: The $26.6bn acquisition of US railway Burlington Northern Santa Fe in 2009....
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