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Daily Headlines
As part of Berkshire, BNSF can determine how much it says publicly about operations
(The following story by John D. Boyd appeared on the Journal of Commerce website on February 15, 2010.) WASHINGTON, D.C. — The acquisition of BNSF Railway by investment firm Berkshire Hathaway may determine how major freight companies talk to their marketplace for...
Buffett’s newest CEO rejoices at farewell to analysts, hedge-fund managers
(Bloomberg News circulated the following story by Andrew Frye on February 13, 2010.) OMAHA, Neb. — Matthew Rose, chief executive officer of railroad Burlington Northern Santa Fe Corp., welcomed Warren Buffett as his company’s new owner while showing analysts and...
Berkshire Hathaway closes BNSF deal for nearly $27 billion in cash and stock
(The Associated Press circulated the following story by Josh Funk on February 12, 2010.) OMAHA, Neb. — Warren Buffett's company completed its largest acquisition ever Friday when it bought Burlington Northern Santa Fe Corp. Berkshire Hathaway Inc. also joined the S&P...
Federal income tax and Railroad Retirement benefits
(The U.S. Railroad Retirement Board issued the following on February 3, 2010.) CHICAGO — The following questions and answers describe the tax statements issued by the Railroad Retirement Board (RRB) each January for Federal income tax purposes. Railroad retirement...
Railroad stocks up at the close of February 10 trading
(The Associated Press circulated the following on February 10, 2010.) NEW YORK — Shares of some top railroads companies were mixed at the close of trading: Burlington Northern rose $.05 or .1 percent, to $99.96. CSX unchanged at $43.08. Canadian National rose $.45 or...
Amtrak service returning to normal
(The following story by Michael Bolden appeared on the Washington Post website on February 12, 2010.) WASHINGTON, D.C. — Amtrak announced that much of its service in the Northeastern corridor would return to normal after several days of disruptions. The current plan:...
NS facilitates $3.1 billion in industrial investment along rail lines in 2009
(Norfolk Southern issued the following on February 11, 2010.) NORFOLK, Va. — Norfolk Southern Corporation participated in the location of 70 new industries and the expansion of 23 existing industries along its rail lines in 2009. New plants and expansions represented...
RailAmerica’s carloads climb in January
(The following appeared on the Progressive Railroading website on February 11, 2010.) Yesterday, RailAmerica Inc. reported January carloads totaling 67,444 units, up 4.6 percent compared with January 2009 traffic. Carloads increased in seven of 12 commodity groups....
Amtrak Cascades finishes 10th year with strong ridership, improved on-time performance
(The following appeared on the Auburn Reporter website on February 12, 2010.) AUBURN, Wash. — Amtrak Cascades wrapped up its 10th anniversary year with continued growth in ridership and improvement in on-time performance. A total of 761,610 passengers rode Amtrak...
Norfolk Southern Foundation awards $5.7 million in 2009
(Norfolk Southern issued the following on February 11, 2010.) NORFOLK, Va. — Norfolk Southern Foundation, the charitable giving affiliate of Norfolk Southern Corporation, awarded grants worth more than $5.7 million to nonprofit charitable organizations in 2009. The...
