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...
...The American Petroleum Institute, the country’s main oil lobby group, said railways informed energy companies last week that hazardous materials shipments would be curtailed to clear tracks ahead of a potential...
...Fe and completed in 1778 (after the previous theatre burnt down)....
...An independent Burlington Northern Santa Fe railroad, with revenues of $22.5bn in 2021, would rank 129th by size in the Fortune 500....
...Berkshire, which owns the Burlington Northern Santa Fe freight rail operator and the insurer Geico, increased its wager on only one bank during the quarter: Bank of America, its second-largest stock investment...
...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....
...“If we think we can serve our customers well and get more efficient in the process, we will adopt whatever we observe,” Mr Buffett told the company’s annual meeting in May....
...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...
...Berkshire first invested in the company in 2016 and has steadily increased its stake to about 5 per cent of the Tim Cook-helmed group....
...Winslow used to be the busiest railway hub in northern Arizona....
...“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...
...But the runaway winner was Ford CEO Mark Fields, who began the year with the depressing news that his company was “transitioning from an auto company to an auto company and a mobility company”....
...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....
...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...
...The Burlington Northern and Santa Fe Pacific railroads merged in 1995, while Union Pacific took over the Southern Pacific the following year....
...“Norfolk Southern is now the outlier,” Mr Hatch says of how the company has suffered compared with others....
...and pursue the best interests of the company and its stockholders.”...
...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....
...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....
...Santa Fe, operator of the US’s second-biggest rail network....
...Omaha for the company’s annual meeting....
...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....
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