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In: Class I Railroads

President Donald J. Trump has signaled support for the proposed Union Pacific-Norfolk Southern merger. However, President Trump has also proposed that the government take a 15% stake in the combined company. This proposal comes at an interesting time for both the merger partners and the industry as a whole, whichRead More →

By:
In: Class I Railroads

In 2010, Berkshire Hathaway, the company that famously transitioned from textiles to ticker symbols (aka, investing), made an audacious acquisition: the BNSF Railway. Given the Warren Buffet-led Berkshire’s success in both non-controlling and control investments across the U.S. economy, the acquisition of a post-ICC Class I railroad was a bigRead More →