Wednesday, November 18, 2009

IndustryWeek.com | Railways Looking to Cash In Next Year - The economic slump has proven to be a boon for the railroads

November 18, 2009 - Warren Buffett caused a lot of head-scratching when he agreed to purchase Burlington Northern Santa Fe Corp. (BNSF), the biggest railroad in the United States, for $26.3 billion. His company, Berkshire Hathaway Inc., broke from its usual pattern of acquiring companies that offer quick, double-digit returns. A railroad is seen more as a steady if unspectacular investment. However, Buffett sees the acquisition as "an all-in wager on the economic future of the United States. I love these bets.".....