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
AAR: Third highest intermodal week in U.S. history for week ending October 25
Ottawa to toughen train handbrake rules after Lac-Megantic
Midwest high-speed rail plans could mean jobs, supporter says
Three firms bid on second phase of California high-speed rail
BNSF's shale focus blunts ports' comeback bid
Rail delays put East Coast refining in jeopardy
Federal inspector general to audit transport of crude by rail
More than 750 people turn out in Seattle for meeting on oil train study
All buildings in Lac-Megantic disaster zone will be demolished
CSX reports no adverse effects to date on James River water quality
Minnesota's governor and U.S. Senators speak out on unreliable rail shipments of coal
Short line RCP&E moving a record number of cars to connecting lines
Panel discusses big changes coming at the Panama Canal
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