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Showing results for Martin v. The Burlington Northern and Sante Fe Railroad Company
...The parent company of Mexican rail company Ferromex, Grupo México, declined to comment....
...Members of another union, the International Association of Machinists and Aerospace Workers, on Wednesday voted to reject the tentative deal their leaders reached with the railroads....
...An independent Burlington Northern Santa Fe railroad, with revenues of $22.5bn in 2021, would rank 129th by size in the Fortune 500....
...The Canadian runs the group’s sprawling portfolio of non-insurance investments, which include the Burlington Northern Railroad he once oversaw as chief and Dairy Queen ice cream....
...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...
...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...
...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”....
...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....
...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...
...and pursue the best interests of the company and its stockholders.”...
...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....
...underperforming companies, buying a capital intensive business (Burlington Northern Santa Fe railroad) and most recently, a company (the $27bn acquisition of Precision Castparts) about which he admitted...
...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....
...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...
...“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....
...But while the company expected increasing imports to boost international intermodal movements — to and from ports — for the year, they were suffering from the congestion issues....
...And this was a bad production that served little beyond economy. The decors and traffic directions came from the Santa Fe Opera, a plucky summertime company in the New Mexico desert....
...Its operating margin has gone from 10 to 30 per cent, as the company has squeezed labour and other costs....
...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...
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