Hints and tips:
...The half-hour minibus ride from airport terminal to dusty, distant compound; the scratched wheels I didn’t scratch....
...Under Ackman’s new regime, the Canadian operator unsuccessfully approached US rival CSX, and then Norfolk Southern, about potential mergers in 2014 and 2016....
...Wu Hai, a service-sector entrepreneur who runs a chain of 50 karaoke parlours in Beijing, says his company has about Rmb12m cash on his balance sheet....
...For the 56m passengers a year who have faced endless delays to services at London Bridge railway station, this particular train has been a long time coming....
...Next comes the sale of OLP, the state company that controls Piraeus port, and Train-OSE, the Greek railways operator, which together would enhance the country’s prospects of becoming a gateway to central...
...The 2002 stoppage, together with severe service disruptions in 2004, prompted Prince Rupert to build a container terminal marketed as a route for importers around troubled US west coast ports....
...But the activity at Lamberts Point, owned by Norfolk Southern Railway, also points to the challenges facing the rail industry, many of which are linked to dramatic shifts in the US energy markets....
...Any further shift would provide a boost to big eastern railways – CSX and Norfolk Southern – and potentially take traffic from Union Pacific and BNSF, which operate in the US’s western two-thirds....
...Pacific earned only 11 per cent of its third-quarter freight revenues from coal, against 26 per cent in the same period for Norfolk Southern, the railroad most dependent on the commodity....
...Customers of BNSF, the railway that handles 44 per cent of the region’s oil exports, have built terminals on its routes through the region capable of handling 1m barrels of oil a day....
...The Bacton Terminal in Norfolk receives about 35 per cent of UK gas, delivered in pipelines from continental Europe and the southern North Sea....
...This is better for example than the 74.8 per cent of the Norfolk Southern railroad or the 75.2 per cent of the Burlington, Northern and Santa Fe railroad – both had been better performers in recent years...
...The former group includes BlackRock’s six-month-old $420m (£218m) UK-based Agriculture Fund, which has bought 2,800 acres of Norfolk, as well as investing in futures and shares of agricultural companies....
...Buffett’s company has concentrated heavily on BNSF, where it is by now much the biggest shareholder, but it has also taken stakes in Union Pacific and Norfolk Southern....
International Edition