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Daily Headlines
BNSF deal won’t affect Vancouver operations
(The following appeared on The Columbian website on November 4, 2009.) VANCOUVER, Wash. — A spokesman for BNSF railroad said Tuesday that the Berkshire Hathaway acquisition will not affect the rail company’s operations in Vancouver, where 700 BNSF workers are based....
Montana ag groups feel little will change with BNSF sale
(The following story by Jo Dee Black appeared on the Great Falls Tribune website on November 4, 2009.) GREAT FALLS, Mont. — Montana Grain Growers Association President Bing Von Bergen had no idea Warren Buffett's Berkshire Hathaway was working on a deal to buy BNSF...
Montana political, ag leaders want lower shipping rates from new BNSF owner Buffett
(The following story by Charles S. Johnson appeared on The Missoulian website o November 3, 2009.) HELENA, Mont. — Some Montana political and agricultural leaders said Tuesday they hope the state's farmers will see lower grain shipping rates as a result of the...
Burlington Northern’s freight load
(Reuters circulated the following on November 3, 2009.) WASHINGTON, D.C. — From corn to coal, more than 40 percent of the freight hauled throughout the United States is handled by rail. The top four carriers are Union Pacific Corp, Burlington Northern Santa Fe Corp,...
Opinion: Riding the rails at a high price?
(The following column appeared on the New York Times website on November 4, 2009.) NEW YORK — What does Warren E. Buffett see in railroads? Berkshire Hathaway, his investment company, is paying a big premium for Burlington Northern Santa Fe, Breakingviews says. Mr....
With BNSF purchase, Buffett bets on growth in container traffic
(The following story by Jim Landers appeared on the Dallas Morning News website on November 4, 2009.) DALLAS — Warren Buffett says his railroad buy is an investment in America, but it's also a bet on a recovery in global trade. Burlington Northern Santa Fe Corp. is...
Railroads companies shares up at the close of trading
(The Associated Press circulated the following on November 3, 2009.) NEW YORK — Shares of some top railroads companies were up at the close of trading: Burlington Northern rose $20.93 or 27.5 percent, to $97.00. CSX rose $3.13 or 7.3 percent, to $45.97. Canadian...
Railcar makers benefit from BNSF news
(The Associated Press circulated the following on November 3, 2009.) NEW YORK — The news that Warren Buffett's company is buying the nation's second-largest railroad boosted shares of the companies that make railcars, too. Buffett is leaving the same managers in place...
Buffett’s big bet could help rival railroads
(The following story by Joe Ruff and Steve Jordon appeared on the Omaha World-Herald website on November 4, 2009.) OMAHA, Neb. — Warren Buffett believes he can make money owning a railroad, and that bodes well not only for BNSF Railway Co., Buffett's target, but the...
Berkshire buys Burlington in Buffett’s biggest deal
(Bloomberg News circulated the following story by Andrew Frye and Hugh Son on November 3, 2009.) NEW YORK — Warren Buffett’s Berkshire Hathaway Inc. agreed to buy railroad Burlington Northern Santa Fe Corp. in what he described as an “all-in wager on the economic...
