BNSF Railway
Railway Company
BNSF's CEO forgoing extra compensation in Berkshire Hathaway merger...31, 2008, Rose owned, controlled or was eligible to exercise options on 1.75 million shares of BNSF. On Nov. 2, the day before the sale was announced, BNSF's closing price was $76.07, meaning that Rose's holdings were worth about $133... In this article: BNSF, Berkshire Hathaway, Warren Buffett, Burlington Northern Santa Fe Corp., and Securities and Exchange Commission |
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Seattle Times | 23 hours ago
$26 million sought to buy land for portion of Eastside rail corridor
...rail corridor King County Executive Kurt Triplett proposed today that the county spend up to $26 million to buy most of the southern part of BNSF Railway's 42-mile Eastside rail corridor for future use. King County Executive Kurt...
In this article: Eastside, Woodinville, Seattle, Revenue, Tax, and Puget Sound Energy
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AP Online | 1 day ago
Buffett's Berkshire secures $8B loan for BNSF deal
OMAHA, Neb. (AP) - Warren Buffett's company has lined up an $8 billion loan to help pay for its $26.3 billion acquisition of Burlington Northern Santa Fe Corp. Berkshire Hathaway Inc. said in documents filed with the Securities and...
In this article: Warren Buffett, Burlington Northern Santa Fe Corp., Berkshire Hathaway Inc., BNSF, Securities and Exchange Commission, Wells Fargo, Jpmorgan Chase, and Ft. Worth, Texas
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San Diego Union-Tribune | 1 day ago
Buffett's Berkshire secures $8B loan for BNSF deal
Buffett's Berkshire secures $8B loan for BNSF deal Thursday, November 19, 2009 at 3:58 p.m. OMAHA, Neb. Warren Buffett's company has lined up an $8 billion loan to help pay for its $26.3 billion acquisition of Burlington Northern Santa...
In this article: BNSF, Warren Buffett, Burlington Northern Santa Fe Corp., Berkshire Hathaway Inc., Securities and Exchange Commission, Wells Fargo, Jpmorgan Chase, and Ft. Worth, Texas
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The Seattle Times | 4 days ago
State sues BNSF to cover some MT rail costs
...officials had said the Geraldine Line was essential for grain farmers in the central part of the state. When BNSF later decided it did not want the line, the state sued and the two sides signed a settlement agreement in 1984. As a...
In this article: BNSF, Montana, Steve Bullock, Bankruptcy, Chicago, Milwaukee, St. Paul and Pacific Railroad, Central Montana Railroad, and Fergus County
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Ft. Worth Star-Telegram | 5 days ago
Fort Worth’s BNSF and RadioShack make headlines for different reasons
Fort Worth's BNSF and RadioShack make headlines for different reasons Posted Sunday, Nov. 15, 2009 Comments (0) Print Share Reprints The Fort Worth business community has been abuzz since the Nov. 3 announcement that legendary investor...
In this article: RadioShack, BNSF, Warren Buffett, Fort Worth, Class A office space, Burlington Northern Santa Fe, Tarrant County College District, Acme Brick Co., and TTI
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Ft. Worth Star-Telegram | November 07, 2009
BNSF is doing fine, so why does it want Buffett?
...sage advice - without the meddling that comes from most owners. Sounds attractive, except that BNSF has done just fine on its own. It makes investments with 20-, 30-, even 40-year horizons, and has no problem raising money. It's...
In this article: Warren Buffett, BNSF, Berkshire Hathaway, Revenue, Income, Burlington Northern Santa Fe, Bank of England, and Santa Fe
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Ft. Worth Star-Telegram | November 06, 2009
BNSF executives stand to reap big payoff from company’s sale
...executive compensation. The payoff from the sale to Berkshire might have been even more lucrative for BNSF officials, but in 2006 the company changed its rules for executive compensation if the company were bought. The change limited...
In this article: BNSF, Berkshire Hathaway, Warren Buffett, Burlington Northern Santa Fe Corp., and Tax
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Reuters | November 04, 2009
UPDATE 2-Union Pacific says Buffett, BNSF deal good for rails
* Execs says Berkshire move to buy BNSF "positive" * Sees no material impact on itself * Union Pacific shares close down 0.4 percent (Adds executive quotes, details; updates stock; adds byline) By Aarthi Sivaraman Union Pacific Corp...
In this article: Warren Buffett, Union Pacific Corp, BNSF, Burlington Northern Santa Fe Corp, Thomson Reuters, New York Stock Exchange, and Goldman Sachs
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Reuters | November 04, 2009
Union Pacific says Buffett, BNSF deal good for rails
...was not expected to attract regulatory scrutiny and Buffett has said he was not interested in buying Union Pacific. The deal to buy BNSF -- the billionaire investor's biggest acquisition -- was unveiled a day earlier. The news has...
In this article: Union Pacific Corp, Warren Buffett, BNSF, Burlington Northern Santa Fe Corp, Thomson Reuters, New York Stock Exchange, Goldman Sachs, and Berkshire Hathaway Inc
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Reuters | November 03, 2009
Moody's may upgrade BNSF rating on Berkshire deal
...it would acquire the nation's largest rail company for $44 billion, which includes all existing BNSF debt. Moody's said it may upgrade BNSF's senior unsecured debt rating, which the agency now rates at Baa1. "If Berkshire's stated goals...
In this article: BNSF, Moody's, Berkshire Hathaway Inc, Cash flow, Burlington Northern Santa Fe Corp, and Warren Buffet
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Description from Wikipedia:
The BNSF Railway headquartered in Fort Worth, Texas, is one of the four remaining transcontinental railroads and one of the largest railroad networks in North America. Only the Union Pacific Railroad is larger in size. With globalization, the transcontinental railroads are a key component in the containerization of trade from the Pacific Rim. The BNSF Railway moves more intermodal freight traffic than any other rail system in the world.
It was formed December 31, 1996, as the Burlington Northern and Santa Fe (BNSF) Railway when the Atchison, Topeka and Santa Fe Railway was merged into the Burlington Northern Railroad. In 1999 the BNSF Railway and the Canadian National Railway announced their intention to merge and form a new corporation entitled the North American Railways to be headquartered in Montreal, Canada. The United States' Surface Transportation Board (STB) placed a 15-month moratorium on all rail mergers, which ended this merger. On January 24 2005, the railroad's name was officially changed to BNSF Railway.
The BNSF Railway is a wholly owned subsidiary of the Burlington Northern Santa Fe Corporation, the holding company formed by the September 22, 1995 merger of Burlington Northern, Incorporated and the Santa Fe Pacific Corporation. According to corporate press releases, the BNSF Railway is among the top transporters of intermodal freight in North America. It moves more grain than any other American railroad. It also hauls enough coal to generate roughly 10% of the electricity produced in the United States. The company's northern route completes the high-speed link from the western to eastern United States.
- Name:
- BNSF Railway
- Location City:
- Fort Worth, Texas
- Location Country:
- United States
- Founded:
- December 31, 1996
- No. of Employees:
- 40,000+ (2005)
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