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Union Pacific Corporation Message Board

  • richarda97 richarda97 Nov 6, 2009 8:08 PM Flag

    Buffett helping the railroads with Washington

    Both UP and BNI have made statements that having Buffett on board will help the industry have a big voice in Washington. The BNI CEO said that there is a big difference in talking to members of Congress about Buffet buying BNI than when he tried to get a merger with Canadian National. They seem very receptive. Buffet is touting how much less fuel is burned by transporting by rail and how much less polluting they are versus trucks.
    I don't think people yet realize what a huge effect Buffett is having on the railroad industry.

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