November, 2009 - jstagl - Editors' Posts - MyProgressiveRailroading
    • 19 Nov 2009

    At BNSF, passenger-rail relations take precedence

    I spent the past two days visiting with senior BNSF Railway Co. executives — including top exec Matt Rose — at the Class I’s Fort Worth, Texas, headquarters. Needless to say, the Berkshire Hathaway Inc. deal was a main discussion topic. I amused Rose by opening my half-hour interview with him by quoting the Nazi henchman from the film “Raiders of the Lost Ark”: “Now, what shall we talk...
    • 11 Nov 2009

    Forbes' rail sector assessment on — and off — target

    Berkshire Hathaway Inc.’s proposed buyout of Burlington Northern Santa Fe Corp. shares is making investors pay more attention to the transportation sector, which largely has been overlooked, according to an interesting article posted online by Alexandra Zendrian on . “This sector will boom in the recovery, so get in while the getting's good. As the economy eases into more of a recovery, and...
    • 4 Nov 2009

    The buzz on Buffet's BNSF buyout

    Yesterday, rail industry constituents and observers were abuzz about billionaire Warren Buffet’s proposal to buyout Burlington Northern Santa Fe Corp. to the tune of $44 billion. In what would amount to the largest-ever deal for Buffet’s Berkshire Hathaway Inc., the firm would pay $100 per share, or about $34 billion, for all of BNSF’s outstanding stock (totaling 77.4 percent of all shares) and cover...