The company sends 90% of its Bakken volumes over rail, most of it on Burlington Northern Santa Fe, owned by Berkshire Hathaway.
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Holdings spread across the funds include Halliburton, Burlington Northern Santa Fe, Caterpillar, Kellogg Company, and Harley-Davidson, according to the latest annual report.
They also present fewer safety risks than the 2008 explosions when Burlington Northern Santa Fe oil cars caught fire in Oklahoma, requiring evacuations.
The collapse occurred after a Union Pacific train struck the side of a Burlington Northern Santa Fe train at a rail intersection, Walter said.
Buffett is particularly jazzed about his acquisition last year of Burlington Northern Santa Fe, which is enjoying a strong rebound in profits and freight traffic.
He was assigned to work on a case against Burlington Northern Santa Fe involving 36 employees with carpal tunnel syndrome who filed workers' compensation claims.
The upgraded rail line will allow for more efficient connections to the nearby main lines of the Union Pacific and Burlington Northern Santa Fe Railroads.
After a wet April, a deluge in mid-May washed out gravel supporting the rails, and 15 cars on a Burlington Northern Santa Fe coal train derailed.
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Founded in late 1999, Traq-wireless has signed up more than 50 customers with an average of 1, 200 users apiece, including Burlington Northern Santa Fe Railway, FedEx Freight and Convergis.
With this buy of Norfolk Southern, Rogers joins other Gurus like Warren Buffett and Carl Icahn, who advocate their support in the rail transportation businesses through their solid positions in rail companies Burlington Northern Santa Fe and American Railcar Industries (ARII), respectively.
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Now that his State Department has decided to withhold approval for the Keystone XL pipeline that would have delivered millions of barrels of Canadian crude along with tens of thousands of jobs, a likely alternative is to transport that oil via the Burlington Northern Santa Fe (BNSF) railroad.
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The insurance and investments conglomerate run by Buffett and his long-time partner Charles Munger owns businesses like Burlington Northern Santa Fe, GEICO and Dairy Queen and has sizable investments in the likes of Coca-Cola and American Express (not to mention a recently-purchased preferred stake in Bank of America).
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