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

© 1997-2015 Brotherhood of Locomotive Engineers and Trainmen

 


Decertification Helpline
800-393-2716

DAILY HEADLINES

Teamster Nation: Get the latest updates in the War on Workers
In press blitz, interest groups and lawmakers have differing ideas on response to oil train accidents
Senate bill would limit volatility of crude shipped by rail
Dems intensify fight for oil train regulations
AAR, API collaborate on crude by rail first-responder safety course
Canada's transport minister says spate of CN derailments no fluke
CN caps CEO's bonus because of rise in derailments, injuries
The fight over America's rails
AAR: Weekly U.S. rail traffic traffic up 1.9 percent over 2014 for week ending March 21
RRB Labor Member appoints two assistants
Rail advocates push Southwest Chief cost-sharing deal
Fate of rail service to Rockford is up to state, Amtrak says
Winter weather blamed for dismal Downeaster performance
NJ Transit marks 80 years of service at Newark Penn Station
Metra hires firm for $12.6 million to pull its financial systems out of the Stone Age
Russia reportedly wants to build mega-road and rail link from Europe to America
Grupo Mexico hopes to raise $1.3 billion in rail unit IPO
Union Pacific to release first quarter 2015 earnings on April 23
CN to hold annual meeting of shareholders in Memphis on April 21
New-look Cass Scenic Railroad nearing start-up
FRA announces 2015 right-of-way fatality and trespass prevention workshop
Comparison of benefits under Railroad Retirement and Social Security

More Headlines


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

Subscribe  Unsubscribe