BNSF, Burlington Northern Santa Fe Railroad
Highlights: BNSF, Burlington Northern Santa Fe Railroad freight
BNSF, Warren Buffett buys Burlington Northern Santa Fe
Reuters: 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, CSX Corp, and Norfolk Southern Corp.
In 2008, No. 2 carrier Burlington Northern, which is based in Fort Worth, Texas, transported:
Warren Buffett buying Burlington Northern
♦ 2.5 million carloads of coal, enough coal to generate nearly 12 percent of the nation’s electricity.
♦ More than 23 million tons of wheat
♦ 31 million tonnes of exported agricultural products
♦ 66 million tons of consumer goods, such as clothing, toys and electronics
♦ 475 million small parcels and packages in partnership with parcel delivery companies
Read More Here
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Buffett to buy Burlington Northern in his biggest deal ever
(Reuters) - Warren Buffett’s Berkshire Hathaway Inc will pay $26 billion to buy out railroad Burlington Northern Santa Fe Corp in what the billionaire investor called a bet on the U.S. economy.
The deal, Buffett’s biggest-ever acquisition, marks new interest in a storied but highly cyclical American industry that has tried to reinvent itself by emphasizing its ability to move goods cheaply and efficiently. Read full story here
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Posted by: BBParks
Source Reuters
