Media Kit » Try RailPrime™ Today! »
Progressive Railroading
Newsletter Sign Up
Stay updated on news, articles and information for the rail industry



This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.




railPrime
View Current Digital Issue »


RAIL EMPLOYMENT & NOTICES



Rail News Home BNSF Railway

1/21/2008



Rail News: BNSF Railway

Buffett's Berkshire Hathaway boosts BNSF stake to 18.2 percent


advertisement

Warren Buffett's stake in BNSF Railway Co. is growing by the day — literally. From Wednesday to Friday last week, Buffett's Berkshire Hathaway Inc. bought a total of 1.25 million BNSF shares for $96 million, according to Securities and Exchange Commission filings.

Berkshire Hathaway now owns 63.8 million — or 18.2 percent — of the Class I's outstanding shares. The company has purchased BNSF shares each business day during the past two weeks, excluding Jan. 11.

Berkshire Hathaway's largest single-day purchase in that period occurred Friday, when the firm bought 996,100 shares. The company also owns stakes in Norfolk Southern Corp. and Union Pacific Railroad.


Contact Progressive Railroading editorial staff.

More News from 1/21/2008