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Buffett's Berkshire buying Burlington Northern RR

 

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HDN STAFF AND WIRE REPORT NEW YORK

Warren Buffett's Berkshire Hathaway Inc. today agreed to buy Burlington Northern Santa Fe Corp., making a $34 billion bet on the future 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 goods from Western ports including everyday items such as refrigerators, clothing and Tvs. BNSF spokesman Gus Melonas in Seattle said the sale should not change operations...



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