Norfolk Southern Falls On Union Pacific Buyout
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BNSF Railway has not engaged with investment bankers about a possible railroad merger, Berkshire Hathaway Chairman and CEO Warren Buffett told CNBC today. Yesterday Semafor and Reuters reported, citing people familiar with the matter,
Berkshire Hathaway-owned BNSF isn't exploring a takeover of a rival railroad after a report earlier that the Warren Buffett-owned railroad was looking at a takeover of rivals.
Burlington Northern Santa Fe Railway (BNSF) informed Coconino County that it will temporarily close the railroad crossing on Garland Prairie Road in Parks for emergency repair work from Friday, July
For Kimberly Dunn, the railroad has been a part of her family’s lives for almost a century. From working in a car shop to serving as union leaders, her parents and grandparents have railroading in their blood.
A decision over railroad giant BNSF's controversial proposal for a massive railyard will likely wait until November, after the company requested a continuance from the Maricopa County Board of Supervisors. The vote on the project was scheduled for Aug. 20, but BNSF requested on July 23 that the hearing be moved to Nov. 5.
Two of the largest US railroads, Union Pacific and Norfolk Southern, announced on Tuesday a plan to combine in a $72 billion deal that would create America’s first transcontinental freight railroad.
The US railroad industry has sought consolidation for decades. For Union Pacific Corp. and CEO Jim Vena, the stars are finally aligning.
A proposed 72-track Burlington Northern switchyard on the Rathdrum Prairie could double or triple the populations of Rathdrum and Hauser by 1990, according to a new study.