The amalgamation of RR's that is now BNSF, it could be argued, is nearly as vast in breadth and dominance as some of these "Robber baron" railroads. Vanderbilt, Gould, Harriman and a few others made fortunes that are only rivaled by Carnegie and Rockefeller
An overly lax and non-confrontational justice department has made all this possible.
WEB is the smartest investor in the world. We essentially own one of the best oligopolies in the U.S.
BNSF wins in two ways that most people aren't acknowledging. The coal in BNSF's powder river basin is a cheap form of "alternative energy", more powerful and abundant than solar or wind power. Also, the railroads are going to be the primary method of transportation post peak oil, which many people say has already started. How else do you think all those CA fruits and veges are getting to the east coast?