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Showing results for 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....
...Some shareholders said they were disappointed by the answers Abel offered to the questions directed his way, including over why the performance of Burlington Northern Railroad, which he oversees, had lagged...
...Abel shepherds the company’s non-insurance investments, including the Burlington Northern Railroad, manufacturing businesses, and utilities he once ran as chief executive....
...It owns a vast collection of businesses that span insurers such as Geico, the Burlington Northern railroad, furniture stores, car dealerships and electric utilities....
...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....
...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....
...Berkshire did not clinch all of its great deals at the nadir, investors point out. Its takeover of the Burlington Northern railroad was agreed in late 2009....
...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...
...Situated trackside, La Posada was the masterpiece of architect Mary Colter, who for 40 years worked with Fred Harvey developing hotels along the line of the Santa Fe railroad....
...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....
...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.”...
...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....
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