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Showing results for Franklin v. Burlington Northern Santa Fe (BNSF)Company
...The parent company of Mexican rail company Ferromex, Grupo México, declined to comment....
...Commuter rail systems in Chicago, northern Virginia and southern California also said they would suspend their service during a freight rail strike....
...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...
...Mr Wan will surely approve of my winner, a BNSF railway executive who told a conference: “We move stuff from one place to another.”...
...railways and a string of US power companies....
...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...
...“Norfolk Southern is now the outlier,” Mr Hatch says of how the company has suffered compared with others....
...The company last October approached CSX but was rebuffed. ....
...Omaha for the company’s annual meeting....
...“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....
...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....
...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...
...The rising traffic, however, created severe congestion, particularly on Warren Buffett’s BNSF, UP’s largest rival....
...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...
...Regulators quashed the merger of Canadian National with BNSF in 1999. CSX has transformed its operations in the past decade....
...“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....
...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...
...John Brooks, a senior CP executive, told the hearing the company was handling record volumes of grain on its network in the US’s northern plains but that it had suffered because of a severe winter and congestion...
...The US’s Surface Transportation Board has held hearings on the performance of CP and BNSF in moving last year’s record grain harvest amid a surge in traffic in the great plains....
...John Miller, BNSF’s vice-president for agriculture, said the company had reduced its backlog of overdue movements – orders from customers for railcars that have taken more than four days to fulfil – from...
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