Buffett's Berkshire buying Burlington Northern RR

Buffett's Berkshire buying Burlington Northern RR

Burlington Northern serves more of the nation's major grain-producing regions than any other railroad.

Burlington is one of the least optimistic among major railroads about the pace of economic recovery. CEO Matt Rose said consumers will be the driver of any improvement in the economy, but no one is buying yet. Coal shipments to power plants have fallen off sharply because of lower electricity demand. Burlington Northern hauls enough coal to power one out of every 10 homes in the U.S.

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