(Bloomberg News circulated the following on May 26, 2011.)
NEW YORK — Rail-car orders have risen to the highest level in more than 13 years, showing a strengthening economic recovery and confirming the “all-in wager” by Warren Buffett in buying Burlington Northern Santa Fe.
Buffett “stole that company. He paid a 31 percent premium for it. Our stock in that year was up 35 percent with no buyout premium,” CSX Corp. Chief Executive Officer Michael Ward said in an interview last month. “He really knows railroads are going to play even a more important part of the future.”
Full story: Lincoln Journal-Star