Silobreaker: Sorry Warren Buffett, Rail Traffic Still Sinks

NEWS SEARCH ANALYSIS INSIGHT

Saturday, November 21, 2009 12:22 PM

Published 11/06/2009 by Business Insider

Sorry Warren Buffett, Rail Traffic Still Sinks

Rail may indeed have a bright future, but for now, the business is still pretty ugly, and taking its time coming out of the recession.

-------

(via Pragcap ) WASHINGTON , D.C. , Nov. 5, 2009 — The Association of American Railroads today said that freight rail traffic remains...

READ FULL ARTICLE

Share this

What others report on the same story

Railroad shipping: AAR reports rail volumes dow...

WASHINGTON-The Association of American Railroads (AAR) reported today that total volume for the week ending October 31 was down 13.7 percent compared to the corresponding ... - [11/06/2009 - Logistics Management]

Rail Traffic Data: Still Recessionary

The latest rail freight data is not quick to . The latest data shows another steep annual year over year decline despite vastly improving comps (the economy was ... - [11/05/2009 - Seeking Alpha]

AAR Reports Rail Traffic Remains Down

For more information contact:AAR Communications, 202-639-2100Holly Arthur - harthur@aar.orgLauren Sandberg - lsandberg@aar.org Increases Seen in Four of 19 Commodity ... - [11/05/2009 - Association of American Railroads]

Sorry Warren Buffett, Rail Traffic Still Sinks - [11/06/2009 - Clusterstock]

Related Stories

First Reported 11/03/2009 - Updated 11/04/2009 - 236 Documents

Obama gets Buffett to buy trains

The Wall Street Journal argues that Warren Buffett's purchase of a major freight railroad represents Buffett's sense that the Obama administration's emphasis on infrastructure and climate change is going to do wonders for the nation's railroad system. ... [Ezra Klein - 11/04/2009]

Entities: Warren E Buffett, Obama Administration, Global Warming/Climate Change

First Reported 11/03/2009 - Updated 11/05/2009 - 33 Documents (in Corporate Deals)

ND: No local impact is expected with Buffett's purchase

Getting purchased by one of the world's most successful investors wins some attention for a company, but BNSF 's new ownership should not have an immediate impact on the railroad.North Dakota Public Service Commissioner Tony Clark said that Warren Buffett's ... [Stateline - 11/05/2009]

Entities: Warren E Buffett, Tony Clark, MidAmerican Energy Co, Coal, Wyoming (Iowa, United States)

First Reported 11/13/2009 - Updated 11/13/2009 - 10 Documents

Bill Gates

Buffett and Gates at Columbia – The Markets Have Bottomed!

Warren Buffett told an audience of cheering Columbia University students last night that the worst of the financial global crisis is over. Moreover, he also said that stocks have bottomed out. His advice was not to pass on something attractive today. ... [Seeking Alpha - 11/13/2009]

Entities: Bill Gates, Warren E Buffett, Columbia (South Carolina, United States), Microsoft Corporation, Berkshire Hathaway Inc

First Reported 11/06/2009 - Updated 11/07/2009 - 18 Documents (in Market News)

Berkshire Hathaway Inc

Buffett's Berkshire Hathaway triples profit

Omaha, Neb. - Warren Buffett's company says its third-quarter profit tripled as the improving economy and stock market boosted the value of Berkshire Hathaway Inc.'s derivative contracts.Berkshire said Friday it generated $3.2-billion (U.S.), or $2,087 ... [Globe Investor - 11/07/2009]

Entities: Berkshire Hathaway Inc, Warren E Buffett, The Coca-Cola Company, Wells Fargo & Company, Omaha (Nebraska, United States)

First Reported 11/09/2009 - Updated 11/10/2009 - 9 Documents

Norfolk Southern Corporation

Berkshire to sell stakes in 2 rail companies

Billionaire investor Warren Buffett's Berkshire Hathaway will sell its stakes in two rail companies, Union Pacific and Norfolk Southern, before closing a $26 billion deal for railroad Burlington Northern, said Burlington CEO Matthew Rose. The Union Pacific ... [SmartBrief - 11/10/2009]

Entities: Norfolk Southern Corporation, Union Pacific Corporation, Warren E Buffett, Matthew Rose, ELFA AB

First Reported 11/05/2009 - Updated 11/06/2009 - 18 Documents

Warren E Buffett

Warren Buffett's purchase of Burlington Northern anticipates economic recovery

(McClatchy-Tribune Informa) Warren Buffett bought an expensive train set Tuesday, betting $26 billion for Fort Worth's Burlington Northern Santa Fe railroad on the hunch that a recovering economy will stoke the nation's appetite for coal and Chinese imports. ... [Individual.com - 11/06/2009]

Entities: Warren E Buffett, Burlington Northern Santa Fe Corporation, Fort Worth

First Reported 11/03/2009 - Updated 11/04/2009 - 9 Documents

Fannie Mae

Buffett seeks Fannie Mae tax credits

Warren Buffett’s Berkshire Hathaway has joined Goldman Sachs in the investment bank’s bid to buy $3bn in tax credits from government-owned mortgage giant Fannie Mae, reports the WSJ. The report comes amid news of$ Buffett’s $26.6bn purchase of US railroad ... [FT Alphaville - 11/04/2009]

Entities: Fannie Mae, Warren E Buffett, Taxes

First Reported 11/03/2009 - Updated 11/03/2009 - 13 Documents (in Corporate Deals)

Buffett to buy Burlington Northern in $34 billion deal (Reuters)

NEW YORK (Reuters) - Warren Buffett's Berkshire Hathaway Inc said it agreed to buy railroad Burlington Northern Santa Fe Corp in Buffett's biggest acquisition ever.In a statement, Buffett said railroads are key for the United States' future growth, ... [Easy Bourse - 11/03/2009]

Entities: Warren E Buffett, Berkshire Hathaway Inc, Burlington Northern Santa Fe Corporation

First Reported 11/06/2009 - Updated 11/06/2009 - 4 Documents

Goldman, Buffett Deal with Fannie Mae Inked a Month Ago

If you were curious about the recent news regarding Goldman Sachs' (GS) and Warren Buffett’s (BRK.A) interest in acquiring the tax losses of Fannie Mae (FNM), the details are in Fannie's 10-Q. This deal was agreed to and inked a month ago. It is still ... [Housing Sector News and Analysis from Seeking A ... - 11/06/2009]

Entities: Fannie Mae, Warren E Buffett, 10-q, Goldman Sachs Group Inc

First Reported 11/04/2009 - Updated 11/04/2009 - 4 Documents

Buffett buy steadies ship

NEW YORK Investors sidestepped some of their doubts about the economy Tuesday and bought energy and industrial stocks as commodity prices rose.Stocks ended back-and-forth trading mostly higher as a spike in the price of gold and corporate dealmaking extended ... [Denver Post - 11/04/2009]

Entities: Warren E Buffett, David Darst, Commodity Price

First Reported 11/07/2009 - Updated 11/07/2009 - 2 Documents (in Market News)

Berkshire Hathaway generates 3.2bn profit for Buffett

Warren Buffett, the world’s second-richest man, saw third-quarter profits triple at Berkshire Hathaway, his investment vehicle.The conglomerate benefited from gains in its vast stock portfolio to report profit of $3.24 billion (£1.9 billion), or $2,087 ... [Times Online - 11/07/2009]

Entities: Berkshire Hathaway Inc, Warren E Buffett, Burlington Northern Santa Fe Corporation, The Coca-Cola Company, Cadbury PLC

First Reported 11/05/2009 - Updated 11/05/2009 - 2 Documents

Buffett magic lifts Wang to top of China rich list

Warren Buffett's Midas touch has catapulted Wang Chuanfu to the top of China's rich list, as the BYD chairman's net worth has jumped more than fivefold over the past year, thanks to the US investment guru's HK$1.8 billion purchase of a stake in the car ... [South China Morning Post - 11/05/2009]

Entities: Net Worth, Warren E Buffett, Russell Flannery, China

Blogs

sort by: Date \| Relevance
Goldman Sachs' and Warren Buffett's BRK Attempt... [The Market Oracle - 11/08/2009] Some great posts this weekend over at "The Big Picture" by Barry Ritholtz; Barry is essentially the "trailblazer" of financial blogging and many a blogger has followed ...
Global Financial Panic Is Over, Buffett Says [DealBook - 11/13/2009] Warren E. Buffett, perhaps the world's most admired investor, said on Thursday the financial panic that gripped the globe last year is a thing of the past, even ...
Global Financial Panic Is Over, Buffett Says [DealBook - NY Times - 11/13/2009] Warren E. Buffett, perhaps the world's most admired investor, said on Thursday the financial panic that gripped the globe last year is a thing of the past, even ...
Buffett's Record of Buying Railroad Stocks [DealBook - 11/03/2009] Warren E. Buffett's investments in railroads are relatively recent. ...
Buffett Bets Big on Railroads' Future [DealBook - 11/04/2009] America's best-known investor, Warren E. Buffett, is making his biggest bet yet on the nation's economic future by buying, of all things, a railroad. ...

Audio/Video

sort by: Date \| Relevance
Buffett bets on US economy [Reuters Video: Top News - 11/03/2009]
Buffett bets on US economy [Reuters - YouTube - 11/03/2009]
Warren Buffett's Bet on America [ABC News Video: World News with Charles Gibson - 11/04/2009]
Warren Buffett's Bet on America [ABC News Video: World News with Charles Gibson - 11/04/2009]
Business Update: Buffett's big buy [Reuters Video: Business - 11/03/2009]

Change Password

Log in to Silobreaker

Advanced Search Options

Sorry Warren Buffett, Rail Traffic Still Sinks