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Burning Journal -> BNSF -> Warren Buffett’s Berkshire to buy Burlington Northern for $34 billion
Post Info TOPIC: Warren Buffett’s Berkshire to buy Burlington Northern for $34 billion
Troll


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RE: Warren Buffett’s Berkshire to buy Burlington Northern for $34 billion
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Troll wrote:

Buffett Now Still Fucked

-- Edited by Troll on Tuesday 3rd of November 2009 04:13:44 PM



 Railcar makers benefit from BNSF news

(The Associated Press circulated the following on November 3, 2009.)

NEW YORK The news that Warren Buffett's company is buying the nation's second-largest railroad boosted shares of the companies that make railcars, too.

Buffett is leaving the same managers in place at Burlington Northern Santa Fe Corp., so it's not clear that the railroad will change direction - or need more rail cars - under his ownership. Still, the shares of railcar makers rose Tuesday.

The biggest gainer was Greenbrier Co., up 60 cents, or 6.7 percent, to close at $9.54. Other gainers included Trinity Industries, up $1.05, or 6.2 percent, to close at $18.02, American Railcar Industries Inc., up 39 cents, or 4 percent, to close at $10.15, and GATX Corp., which leases operates and manages rail assets, up 95 cents, or 3.5 percent, to $27.98.

Rail supplier LB Foster Co. also rose, up 84 cents, or 3 percent, to close at $28.73.

Wednesday, November 04, 2009



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Troll


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BNSF deal wont affect Vancouver operations

(The following appeared on The Columbian website on November 4, 2009.)

VANCOUVER, Wash. A spokesman for BNSF railroad said Tuesday that the Berkshire Hathaway acquisition will not affect the rail companys operations in Vancouver, where 700 BNSF workers are based.

With as many as 100 trains and some 700 rail cars a day moving through its west Vancouver rail yard, BNSF has a strong presence here and throughout the Northwest.

The company owns 1,600 miles of track in Washington and employs 3,000 workers, with a statewide payroll of $189 million.

"We will continue business as usual with a focus on safety and customer service," said Gus Melonas, BNSF spokesman.

The railroad company, now a merged business many times over, has operated in the region since 1873.

BNSFs stock price closed Tuesday at $97.39, up $21.32 a share, or 28 percent, on the day.

Wednesday, November 04, 2009



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Snippy


Force Majeure

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Take the money and run.

Warren fucked up.

Be prepared for a series of "business as usual" lie-nouncements.

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The Krink


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"Briz's neighbors refused ta allow any more partying on the cul de sac... Krink's got way too many spiders, so that's out!"

Yeah the spiders are everywhere and hate humans

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The Krink


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I tell you working for the BN/BNSF for over a quarter century,
this kind of news is just par for the corse. Have to say though
that BN/BNSF has made some great moves over history to
keep on top the railroad scoreboard. It boggles the mind that
a person could buy the railroad as large as it is today.

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