Tuesday, November 3, 2009

Buffett buying Burlington Northern railroad

Warren Buffett is effectively making a $34 billion bet on the health and growth of the U.S. economy.

"Burlington Northern, the nation's second-largest railroad, is the biggest hauler of food products like corn, and coal for electricity, making it an indicator of the country's economic health. The railroad also ships a large amount of consumer goods — including items imported from Asia — from big Western ports like Los Angeles and Seattle."

1 comment:

Canada Guy said...

Rail transport, especially electrified rail, is much more efficient, and less damaging to the environment, than transportation by car or truck. It can help to dramatically reduce energy use and carbon emission. Even better, it's a win/win scenario for the economy, the environment and the fight against global warming.