burlington northern santa fe corp

Berkshire Hathaway's Board of Directors believes a 50-for-1 split of the company's B shares is advisable regardless of whether the deal to buy Burlington Northern Santa Fe Corp. goes through, according to an SEC filing yesterday. Berkshire's SEC filing states that: "the Corporation's Board of Directors believes that the split is advisable regardless of the BNSF transaction, and thus the Class B stock split is not contingent on the closing of the BNSF acquisition and, if approved by our shareholders, is e  

A spokeswoman for BNSF Railway Co. says a federal court has largely resolved accusations by Montana's attorney general that the company broke a grain shipping agreement with a state-backed rail line. Montana Attorney General Steve Bullock sued the railway in state district court in Fergus County last week. The suit claims BNSF violated a 1984 agreement when it stopped making payments earlier this month to cover some grain shipping costs in central Montana.  

 

King County Executive Kurt Triplett on Friday announced a $26.5 million proposal to buy about 25 miles of an Eastside rail corridor for future transportation and recreation purposes. Triplett's announcement is part of a broader plan to buy and preserve the 42-mile BNSF rail corridor between Renton and Snohomish. Triplett said plans are proceeding for the Port of Seattle to buy the entire corridor by mid December.  

When Warren Buffett's Berkshire Hathaway (NYSE: BRK.A ) (NYSE: BRK.B ) announced its $34 billion acquisition of Burlington Northern Sante Fe (NYSE: BNI ), Buffett remarked that it was a big bet on the long-term recovery of the U.S. economic system. Indeed, rails carry our most essential commodities like coal and other supplies we depend on each day. As the economy improves, demand for such commodities improves as well.  

A national trucking company has changed its name to better represent the full scope of services they offer. Adams and Son Trucking, Inc. is now Adams Industries, Inc. The name change is one element in a rebranding effort to reflect the range of services they offer their clients. Adams Industries, Inc. remains focused on providing transport solutions including trucking, warehousing, and logistics services to companies throughout the United States and Canada.  

Warren Buffett's $44 billion railroad bet has Chris Gutierrez feeling pretty good about his bet on Kansas City's industrial real estate market. "I think 2010 is going to be a gold rush for us," said Gutierrez, president of Kansas City SmartPort Inc. One reason is that all leading retailers, importers and third-party logistics companies have been looking at increased use of rail for supply-chain savings, he said. That bodes well for Kansas City, the nation's No. 2 rail center and home to two new rail-t

I think 2010 is going to be a gold rush for us   -Chris Gutierrez

 

A 43-year-old man who appears to have accidentally fallen off a railroad bridge in downtown St. Cloud was rescued Thursday afternoon and taken to St. Cloud Hospital after suffering a head injury. "I would say by the extent of his injuries that they're probably 'serious to life-threatening, said St. Cloud Police Sgt. Tim Lewellyn, who was among the first to reach the injured man. St. Cloud firefighters and St. Cloud police officers were called at 3:24 p.m. to the scene behind Empire Apartments on Fourt  

Arch Coal, Peabody, and Consol each put in $5 million; Foundation Coal put in just $3 million. Meanwhile, the Association of American Railroads (AAR) put in $6 million. AAR represents major railroads including Union Pacific, BNSF, CSX, and Norfolk Southern, which get substantial portions of their revenues from hauling coal.  

Security specialist Fortinet burst out of the blocks on its first day of trading Wednesday, with shares quickly rising above their $12.50 offering price to close at $16.62. Fortinet's stock rose 26 cents during Thursday morning trading before retreating to a recent 12-cent, or 0.7%, loss for the day, still outperforming the broader decline in tech shares that saw the Nasdaq fall 2.1%. The country's third-largest coal producer is expected to begin trading Friday, according to Scott Sweet, senior managing