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
(216) 694-0240

National Negotiations

DAILY HEADLINES

Teamster Nation: Get the latest updates in the War on Workers
After rising sharply in 2012 and 2013, Canada's oil by rail exports declined in 2015
AAR: Rail traffic up 0.4 percent compared to 2014 for week ending August 22
Talgo to receive $9.75 million from Wisconsin taxpayers in train lawsuit
Opinion: Scott Walker fails Wisconsin on transportation
Help for short line railroads seen as boost to rural Oregon economy
Railroads report no major damage from Northwest fires (so far)
BNSF says court order could disrupt economy
Ruling could ease way for unionizing at fast-food chains
Schumer: Use leftover Sandy money to fix NYC rail tunnels
After foiled mass shooting, France examines train security
Amtrak ready to allow roll-on bike service between Pittsburgh, D.C.

More Headlines