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Buffett says Burlington purchase ‘not a bargain’ for Berkshire
(Preview)
Buffett says Burlington purchase not a bargain for Berkshire (Bloomberg News circulated the following on November 15, 2009.) NEW YORK Berkshire Hathaway Inc.s Warren Buffett, who agreed to buy Burlington Northern Santa Fe Corp. in his biggest takeover, said the railroads results in the next 100...
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3 shareholder lawsuits filed after BNSF deal with Buffett
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3 shareholder lawsuits filed after BNSF deal with Buffett (The following story by Bob Cox appeared on the Fort Worth Star-Telegram website on November 13, 2009.) FORT WORTH, Texas The ink was hardly dry on the news release announcing that Burlington Northern Santa Fe Corp. had agreed to be acquired...
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BLET VS UTU
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To All BNSF LCs, Once again UTU General Chairman Randy Knutson is taking shots at our organization. When will it ever end? This time, he is spreading more untruths and misrepresentations of our organizations history and our current contract which is out for ratification. You really have to fee...
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Raiding
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Well this usually happens every few years around here. The CN started their raiding of BN low seniority people the other day. One guy for sure went to the interview, and not sure if he got the job. They promised him he will be engineer in one year! WOW! Maybe BD can comment but, I thought on the CN, once y...
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More bad news...
(Preview)
Layoffs at BNSF in Minnesota WILLMAR, Minn. Fifteen to 17 jobs in the BNSF switching yard in Willmar are being eliminated as part of an overall reduction in BNSFs switching operations, the West Central Tribune reports. Employees were notified this week that they are being furloughed. BNSF hopes to...
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BNSF executives stand to reap big payoff from company’s sale
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BNSF executives stand to reap big payoff from companys sale (The following story by Bob Cox appeared on the Fort Worth Star-Telegram website on November 8, 2009.) FORT WORTH, Texas Matt Rose has been well-compensated since taking over as chief executive of Burlington Northern Santa Fe Corp. nine y...
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BNSF CEO calls Berkshire deal ‘great opportunity’
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BNSF CEO calls Berkshire deal great opportunity (The following story by Joe Ruff appeared on the Omaha World-Herald website on November 8, 2009.) OMAHA, Neb. Burlington Northern Santa Fe Corp. need no longer worry about hedge funds or other activist investors that attempt hostile takeovers, sai...
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Now they tell us...
(Preview)
...what's Warren up to, buying BNsf? Only Buffet and his outfit knows for sure... Buffett firm sees profits triple Billionaire Warren Buffett's investment firm has reported that profits almost tripled in the third quarter. Berkshire Hathaway said its net profit was $3.2bn (£1.9bn) in the three m...
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Warren Buffett’s Berkshire to buy Burlington Northern for $34 billion
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(Preview)
Warren Buffetts Berkshire to buy Burlington Northern for $34 billion (The following appeared on the New York Times website on November 3, 2009.) NEW YORK Berkshire Hathaway, the investment vehicle of Warren E. Buffett, said on Tuesday that it plans to buy the 77.4 percent of Burlington Northern it...
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Cancer risk prompts study at BNSF yard
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Cancer risk prompts study at BNSF yardSAN BERNARDINO, Calif. - Researchers and regulators are focusing what some say is unprecedented attention on a low-income, predominately Hispanic community of about 7,000 people living with pollution from a west San Bernardino rail yard, the Press Enterpr...
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Buffett bets big on railroads’ future
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Buffett bets big on railroads futureAmericas best-known investor, Warren E. Buffett, is making his biggest bet yet on the nations economic future by buying, of all things, a railroad, The New York Times reports. After deftly capitalizing on the financial crisis with a series of bold deals, Mr. Buf...
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Ag community wary of BNSF deal
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Ag community wary of BNSF dealSIOUX FALLS, S.D. -- South Dakota's largest freight rail carrier, BNSF, soon will be part of Warren Buffett's marquee holding company, Berkshire Hathaway Inc., The Argus Leader reports. With Tuesday's agreement to buy BNSF for $34 billion, Buffett is doubling down o...
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Buffett's big bet could help rail rivals
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Buffett's big bet could help rail rivalsOMAHA, 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 entire industry and BNSF's chief rival, Omaha-based Union Pacific, analysts and industry experts said. &...
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BNSF ordered to pay up within 30 days on coal-shipping ruling
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BNSF ordered to pay up within 30 days on coal-shipping ruling (The following story by Richard Piersol appeared on the Lincoln Journal Star website on October 23, 2009.) LINCOLN, Neb. After months of delays, Lincoln Electric System and its partners in a Wyoming coal-fired generating plant will be g...
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Bill Mauldin
(Preview)
For old timers like Uke [if they can still read] there is a new biography of Bill. Title is "BILL MAULDIN" --no surprises here. Author is Todd DePastino. Dig out your library card..........................wes
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HA!
(Preview)
http://www.trainorders.com/discussion/read.php?1,2041192
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BNSF 3Q earnings down 26 percent
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BNSF 3Q earnings down 26 percentFort Worth-based Burlington Northern Santa Fe Corp. announced Oct. 22 its third-quarter earnings fell 30 percent as the recession continued to hamper industrial production and consumer purchases, reports the Ft. Worth Business Press. The transportation comp...
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Port expansion
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Port of Vancouver, Wash., picks Rotschy for rail loop Washington state's Port of Vancouver has identified local contractor Rotschy Inc. as the low bidder for constructing a 7.3-mile rail loop at Terminal 5, designed to expand the inland port's intermodal capacity. Rotschy outbid four other comp...
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BNSF training center sets mark
(Preview)
BNSF training center sets markBNSF Railway Co.'s Technical Training Center in Overland Park, Kan., reached a new locomotive engineer training milestone earlier this month, Progressive Railroading reported. On Oct. 8, the facility trained and evaluated the 5,000th engineer this year, using o...
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Judge finds BNSF guilty of misconduct
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Judge finds BNSF guilty of misconductA court has found that Burlington Northern Santa Fe Railroad manipulated evidence in an attempt to cover up its role in a 2003 accident that killed four young people in Anoka, the Anoka, Minn., Union reports. In a decision delivered last Thursday, Judge Ellen Ma...
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Cleburne coal train derailment
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http://www.myfoxdfw.com/dpp/news/Coal_Train_Derails_in_Cleburne-- Edited by The Krink on Thursday 15th of October 2009 01:24:...
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BNSF preps for intermodal yard opening
(Preview)
BNSF preps for intermodal yard openingMEMPHIS, Tenn. -- Evidence of Memphis' importance to the intermodal industry can be seen throughout town, but nowhere is it more apparent than at the intersection of Lamar Avenue and Shelby Drive, where nine-story cranes now dominate the warehouse district...
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Runaway rail car races through Colorado
(Preview)
Runaway rail car races through ColoradoARVADA, Colo. - A runaway Burlington Northern Santa Fe rail car tore along five miles of track in Arvada this morning at an estimated speed of 40 miles per hour, an Arvada police spokesman told the Denver Post. "It was flying at such a pace that the gates at t...
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Customers get advance look at BNSF facility
(Preview)
Customers get advance look at BNSF facilityFORT WORTH, Texas -- BNSF Railway Company today opened its Memphis Intermodal Facility for an advance look by members of its customer advisory board. The more than $200 million expansion is in its final phases of work. When fully operational in 2010, the e...
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BNSF railyard cleanup in Montana continues
(Preview)
BNSF railyard cleanup in Montana continuesBILLINGS, Mont. State officials say more than 17,400 gallons of petroleum product have been removed from a contaminated rail yard in Livingston, Mont., over the last two years, the Associated Press reports. The grounds around the Burlington Northern S...
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