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

News and Issues
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

Sign up for BLET News Flash Alerts

© 1997-2015 Brotherhood of Locomotive Engineers and Trainmen


Decertification Helpline
(216) 694-0240

National Negotiations

Sign up for BLET
News Flash Alerts


Teamster Nation: Get the latest updates in the War on Workers
Trans-Pacific Partnership trade deal is reached
Canada’s Green Party takes aim at remote control locomotives in urban areas
Amid federal inquiry, NJ Transit chairman to resign
CSX locomotive partially derails after hitting debris in Lynchburg
Administrator of the Federal Railroad Administration: Who is Sarah Feinberg?
CSX’s offer opens the door to commuter rail in Tampa Bay

More Headlines