(Source: Bloomberg News, September 28, 2011)
WASHINGTON, D.C. — BNSF Railway, purchased by Warren Buffett’s Berkshire Hathaway Inc. last year, is facing scrutiny by the U.S. government after complaints that the railroad tried to pass on $7.6 billion in acquisition costs to shippers. The Surface Transportation Board said it will examine regulatory effects of the price Berkshire paid for Burlington Northern, including the railroad’s rates. Coal shippers said earlier this year that Fort Worth, Texas-based Burlington Northern is seeking to use government accounting methods to recoup some of Berkshire’s costs from railroad customers.
Full story: Bloomberg News