Your question: Why did Warren Buffett buy BNSF?

Why did Buffett buy BNSF?

Price was surely a consideration when Berkshire Hathaway bought BNSF, what Buffett really clung to was the business prospects offered by the railway. … That’s three times more fuel-efficient than trucking is, which means our railroad owns an important advantage in operating costs.

How much did Warren Buffett pay for the BNSF railroad?

Warren Buffett’s Berkshire Hathaway has announced it will buy the 77.4 percent of Burlington Northern Santa Fe Corp. that it does not already own. Priced at $100 per share, or about $44 billion, including the assumption of about $10 billion in debt, it would be the largest deal in Berkshire Hathaway’s history.

Who owns CSX railroad?

Did Buffett sell BNSF?

On November 3, 2009, Warren Buffett’s Berkshire Hathaway announced it would acquire the remaining 77.4 percent of BNSF it did not already own for $100 per share in cash and stock—a deal valued at $44 billion.

BNSF Railway.


Is BNSF owned by Warren Buffett?

Burlington Northern Santa Fe, LLC is the parent company of the BNSF Railway (formerly the Burlington Northern and Santa Fe Railway). The company is an indirect, wholly owned subsidiary of Berkshire Hathaway, which is controlled by investor Warren Buffett.

Can you buy BNSF stock?

Research the publicly traded railroads and select which companies in which to invest. Class 1 railroads Burlington Northern Santa Fe Railway (NYSE: BNI), CSX Corporation (NYSE: CSX) and Union Pacific (NYSE: UNP) are available for public trade, among other major competitors in the industry.

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Does BNSF transport oil?

The BNSF is one of the largest freight railroad networks in North America, with “a rail network of 32,500 route miles in 28 states and three Canadian provinces” ( here ). Its trains carry energy (such as oil and coal), agricultural and consumer products.