Warren Buffett Makes a $44 Billion (!) Bet on Trains, Buys BNSF:
That's Quite a Nice New Toy You Got There, and It's Not Even Xmas
Has the Oracle of Omaha seen the future? If so, it seems to include more trains, because Berkshire Hathaway, Warren Buffett's investment vehicle, decided to buy the remaining 77.4% of Burlington Northern Santa Fe (BNSF) railway that it didn't already own, and the price tag wasn't small: 44 billion dollars when cash, stock and debt are included. Mr. Buffett says that he's betting on 'the United States', because 'railroad operators cannot do well unless American businesses were producing goods and customers were buying them.' But is it possible tha...Read the full story on TreeHugger
Attention everybody! The toll-bridge is now open into rail transportation industry! Will oil glut send us into alternative modes of travel?
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