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Railroads

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  • How can you invest along the same principles as Warren Buffett? James Altucher, managing director of Formula Capital, shared his insights.

  • What Buffett's BNI Buy May Mean for Other Rail Stocks Tuesday, 3 Nov 2009 | 11:40 AM ET

    Warren Buffet’s Berkshire Hathaway announced Tuesday it will acquire the remaining 77 percent stake in Burlington Northern Santa Fe that it doesn't already own for $100 a share in cash and stock. Art Hatfield, a transportation analyst with Morgan Keegan shared his insights on the decision.

  • Warren Buffett tells CNBC his $26 billion acquisition of Burlington Northern Santa Fe is a "bet on the country."  Berkshire Hathaway surprised the financial world this morning with word it is buying the roughly 77% of Burlington Northern shares it doesn't already own for a combination of cash and Berkshire Hathaway shares.

  • On Tuesday, Warren Buffett's Berkshire Hathaway announced that it will allow its Class B shareholders to vote on a 50-for-1 stock split that has already been approved by the board.

  • Warren Buffett's stake in Burlington Northern Santa Fe has reached 22.4 percent, with a new options-related stock purchase of over two million shares.

  • If Warren Buffett liked Burlington Northern Santa Fe in the high $70s, he must love it in the low $60s.  Buffett's Berkshire Hathaway reports in an SEC filing tonight that it bought almost 4.4 million shares in the freight railroad over the last three trading days at prices between $61.65 and $63.43.

  • Warren Buffett's Berkshire Hathaway has increased its stake in Burlington Northern Santa Fe to over 20 percent with another options-related stock buy.

  • Berkshire Hathaway's stake in Burlington Northern Santa Fe is up to 19.83 percent, after Warren Buffett's holding company bought 3.3 million additional shares on Monday and Tuesday.

  • Warren Buffett's Berkshire Hathaway has added 825,000 more shares to its Burlington Northern Santa Fe stake, bringing its total holdings to 64,610,418 shares.   Those shares were bought two days ago, and are already worth $5 million more than the purchase price.  But the longer-term picture isn't as positive.

  • Strategist Likes Stocks for Consumer Turnaround Friday, 17 Oct 2008 | 1:47 PM ET

    Consumer cyclicals such as retailers are becoming attractive, said Bob Stovall, Wood Asset Management managing director and global strategist.

  • CSX Pricing Keeping Earnings on Track: CEO Wednesday, 15 Oct 2008 | 11:11 AM ET

    Dow Transportation component CSX, often considered an economic weather vane, reported third quarter earnings of $0.94 a share for continuing operations, a 40 percent increase over last year.

  • Railroads Stocks Chugging Along Thursday, 11 Sep 2008 | 3:39 PM ET

    CNBC’s Matt Nesto said investors might want to look into placing their money in the railroad sector.

  • Burlington Northern Santa Fe Profit Hit by Charge Thursday, 24 Jul 2008 | 5:25 PM ET
    The entrance sign to Burlington Northern Santa Fe railway corporate headquarters campus is shown in Fort Worth, Texas Sunday, Jan. 22, 2006. Burlington Northern Santa Fe Corp., the nation's second largest railroad company, said its fourth-quarter earnings jumped 24 percent as strong demand drove revenue.  (AP Photo/L.M. Otero)

    The second largest railroad in the United States, Burlington Northern Santa Fe, reported lower net income, citing a $175 million charge related to environmental issues in Montana, a soft economy, high fuel costs and floods in the U.S. Midwest.

  • Union Pacific Profit Rises, Beats Estimates Thursday, 24 Jul 2008 | 9:23 AM ET

    No. 1 U.S. railroad Union Pacific on Thursday reported a better-than-expected profit as strong pricing offset rising fuel costs, flooding in the U.S. Midwest and lower freight volumes.

  • CSX Earnings Rise, Matching Analyst Estimates Tuesday, 15 Jul 2008 | 5:38 PM ET

    CSX, the U.S. railroad, reported higher second-quarter net profit that met expectation on Tuesday, as strong pricing offset a 3 percent decline in freight volumes.

  • Sometimes the best ideas are the least "investible." Also, Cramer's take on CSX, Tidewater and more.

  • Midwest Floods Impact on the Markets Thursday, 19 Jun 2008 | 11:59 AM ET

    With thousands of displaced people and the floods working their way from Iowa down to Mississippi, the worst flooding in the U.S. Midwest in 15 years is adding pressure to the recent rise in prices for food and corn-based ethanol.  Here are some of the other businesses in the region, affected by the deluge.

  • Iowa-Based Companies Feel Flooding's Effects Tuesday, 17 Jun 2008 | 11:15 AM ET

    The flooding in Iowa has spread its economic stress to more than just rising corn prices. Many Iowa-based companies are also feeling the strain, causing production to stop and stocks to move.

  • CSX Holders Violated Securities Laws, US Judge Says Wednesday, 11 Jun 2008 | 4:55 PM ET
    CSX Railroad

    A federal judge ruled on Wednesday that two investment firms waging a proxy battle at railroad CSX violated securities law in acquiring large stakes in the rail company, but allowed them to continue their fight at the annual shareholder meeting.

  • Shareholder Discontent at Biogen, Yahoo, CSX Tuesday, 10 Jun 2008 | 12:44 PM ET

    ISS recommends a vote against dissident slate and looks ahead to CSX' shareholder meeting.