Hints and tips:
...Union Pacific and BNSF — a division of Warren Buffett’s Berkshire Hathaway — were the two US railroads most directly affected by the closures, the association said....
...Berkshire’s BNSF Railway, which runs from California to Illinois, reported a decline in shipping revenues and said consumer and industry demand had fallen....
...They include employees of the largest carriers in North America, such as Union Pacific, CSX and BNSF, a business owned by Warren Buffett’s Berkshire Hathaway....
...Keith Creel, CP chief executive, said: “This will create the first US-Mexico-Canada railroad . . ....
...The gains were propelled by strong results from its BNSF Railway and the string of electric utilities it owns....
...We’ve got more work to do but we’ve made significant progress due to the collaborative efforts with our Class 1 railroads....
...It also owns a 50 per cent stake in the Panama Canal Railway Company....
...The number of trains moving goods from California’s massive twin ports, Los Angeles and Long Beach, to Chicago has dropped from roughly 50 a week to 25, BNSF Railway’s general manager for the eastern region...
...One outlier is BNSF, a subsidiary of Warren Buffett’s Berkshire Hathaway....
...“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 goal is to be more like the New York Stock Exchange than the BNSF Railway: a dominant marketplace matching human capital (drivers) and physical assets (cars) with those willing to pay for using them...
...I bring up the High Line, a piece of railroad industry infrastructure that was repurposed and became an unlikely generator of property inflation....
...Even so, Mr Buffett is right to prefer US railways to airlines as an investment. By coincidence, Delta matched BNSF, the railroad company owned by Berkshire, on two measures last year....
...He also suggested that BNSF was considering participating in mergers, although the company — like Union Pacific — has stressed it opposes new mergers....
...NS and CSX dominate the eastern US, Union Pacific and BNSF — part of Warren Buffett’s Berkshire Hathaway — the west and Canadian Pacific and Canadian National Canada and some lines in US....
...The industry’s current structure — with CSX and NS in the eastern US, Union Pacific and BNSF in the west, CP and Canadian National in Canada and Kansas City Southern operating north-south — is widely regarded...
...In rural areas, BNSF Railroad will experiment with using them to inspect railway lines beyond line of sight....
...“BNSF Railway is encouraged that parties involved have agreed to mediation and urges prompt restoration of full production levels necessary to avoid further disruptions,” it said....
...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....
...Regulators quashed the merger of Canadian National with BNSF in 1999. CSX has transformed its operations in the past decade....
...Average speeds on BNSF, the worst affected US railroad, in June were 12 per cent below the average for last year’s second quarter....
...The logjam has hit both of Canada’s two major railroads – Canadian National and Canadian Pacific – but has particularly affected BNSF, the operator of North America’s second-biggest rail freight network....
...South of the border in the US, BNSF, the US’s second-biggest railroad network, has suffered similar problems handling its bumper harvest, as well as surging oil and other traffic....
...Neither of the big eastern railways are benefiting as much as the western railroads from fresh energy sources, yet there is little doubt that every big US railway would appreciate some revival in the coal...
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