Editor's blog: Buffett betting on rail

US railways are mostly used by freight, not people. But maybe the Sage of Omaha thinks that will change.

by
Last Updated: 31 Aug 2010

So Warren Buffett is betting the farm on the US railroad system. His Berkshire Hathaway vehicle has just spent $27 billion dollars – his biggest single punt ever – on the purchase of Burlington Northern Santa Fe, whose origins date back to 1849. This came initially as a bit of a surpise to me, because most of the journeys I’ve made by train in the US have been pulled by steam engines on preserved tourist lines. I wouldn’t for one moment want you to get the impression that I’m a borderline autistic spectrum spotter in a cagoule, but... [CLICK HERE TO READ MORE AND COMMENT]


In today's bulletin:

Another 1,200 jobs to go at BA after worst-ever first-half
RBS losses balloon and more Brits than ever go bankrupt
Read our new blog: John Vincent's Life of Enterprise
Is Lord Alan Sugar out of touch with SMEs?
Editor's blog: Buffett betting on rail

Find this article useful?

Get more great articles like this in your inbox every lunchtime

Subscribe

Get your essential reading delivered. Subscribe to Management Today