1370 Ontario St. - Mezzanine, Cleveland, Ohio 44113 • (216) 241-2630 / Fax: (216) 241-6516

Membership
Benefits
News and Issues
Departments
Secretary-Treasurers
Information
Merchandise
Communications
FELA
Events
Links
User Info

Bill Gates backed CN winning in 2014 while Buffett's BNSF falters

(Source: Bloomberg, September 2, 2014)

NEW YORK — Bill Gates and Warren Buffett, the two richest Americans, share a friendship, a commitment to philanthropy and an interest in railroad investments. In 2014, Gates’s trains are the better performers. Canadian National Railway Co. (CNR) is beating benchmark stock indexes as profits and shipments surge, a boost for Gates, the largest shareholder. At C$64.7 billion ($59.2 billion), the railroad today passed Suncor Energy Inc. (SU) to become Canada’s fourth-largest company by market value. BNSF Railway Co., owned by Buffett’s Berkshire Hathaway Inc. (BRK/B), is struggling. North America’s biggest railroad by sales is grappling with slow traffic and is being scrutinized by U.S. regulators for poor service, spurring concern that it risks a permanent loss of some customers.

Full story: Bloomberg

Wednesday, September 03, 2014

Like us on Facebook at
Facebook.com/BLETNational

© 1997-2014 Brotherhood of Locomotive Engineers and Trainmen

 


Safety Task Force Hotline
800-306-5414

Decertification Helpline
800-393-2716

DAILY HEADLINES

Teamster Nation: Get the latest updates in the War on Workers
Union Pacific reports all-time quarterly records in 3Q 2014
Norfolk Southern CEO says rail mergers won't work
Norfolk Southern CEO's merger comments derail rail stocks
CP Rail CEO doubts merger deals would hurt service
Backers of maglev train hope to outpace Acela in the Northeast Corridor
Opinion: In quest for profits, rail industry fights oil train speed limits, brake regulation
Hoffa tells Chicago Teamsters they play pivotal role in election
NTSB: Distracted driver caused derailment and explosion in Rosedale, Md.
CSX CEO says rail merger deals would face tough scrutiny
Metro-North was rife with problems before accident, NTSB documents show
New Jersey facing hefty price tag for new rail tunnels
Texas bullet train meeting focuses on rail stations
Editorial: Fort Worth must not be forgotten as Dallas-Houston high-speed rail plans unfold
Amtrak brings passengers, revenue to Southern Illinois
UP surcharge raises intermodal freight costs
CP Rail profit up 23% on better efficiency
Medicare Part B premiums remain the same in 2015
Credit for military service under the Railroad Retirement Act

More Headlines


Enter your e-mail address to receive BLET news updates.

Subscribe  Unsubscribe