BNSF Railway
Buffett's firm to buy BNSF PDF Print E-mail
Written by David Ellis - CNN   
Monday, 02 November 2009 00:00
Berkshire Hathaway will acquire unowned stake of railroad in a cash-and-stock deal worth $44 billion.

NEW YORK -- Warren Buffett's Berkshire Hathaway said Tuesday it will buy railroad operator Burlington Northern Santa Fe for $44 billion.

Berkshire, which already has major stake in the company, said it would acquire the remaining 77.4% of the company in a cash-and-stock offer worth $100 per share.

Widely regarded as both one of the world's richest men and the investment community's more brilliant minds, Buffett called his firm's investment an "all-in wager on the economic future of the United States."

"Our country's future prosperity depends on its having an efficient and well-maintained rail system," Buffett said in a statement.
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BNSF Railway preps for intermodal yard opening PDF Print E-mail
Written by Eric Smith - The Daily News   
Friday, 16 October 2009 12:38
MEMPHIS, 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’s industrial skyline.

The orange equipment belongs to BNSF Railway Co., which is counting down the days until the multiyear, multimillion-dollar renovation to its Southeast Shelby County intermodal facility is complete.

As the Fort Worth, Texas-based company puts the finishing touches on $200 million worth of upgrades and expansions to its Southeast Memphis facility, and as the economy shows small signs of recovery, hub manager Scott Jenkins is excited about the possibilities.
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