(Source: Bloomberg News, November 17, 2011)
NEW YORK — Burlington Northern Santa Fe, the railroad controlled by Warren Buffett, is betting almost $700 million on terminal development as it takes advantage of a 29 percent surge in Asia-bound shipments of specialty grains. According to Bloomberg News, products such as organic or genetically modified soybeans, which can’t travel in traditional hopper cars, are now being packed in shipping containers that once sailed back empty to Asia after bringing retail goods to the U.S.
Full story: Bloomberg News