As more goods travel by rail, Amtrak and other railway systems are seeing mounting collateral damage: gridlock.
It may not be surprising that the City of Brotherly Love is home to a thriving shipbuilding economy, but the reason might be: domestic oil production.
Warren Buffett, Berkshire Hathaway, chairman & CEO, discusses the outlook on railroads and his company's acquisition of Burlington Northern.
The oil and natural gas boom in the Bakken represents a "growth factor" for Burlington Northern Santa Fe, Warren Buffett told CNBC, and said they're spending "real money" on tests to convert rail cars to natural gas.
CNBC's Jim Cramer asks Warren Buffett, Berkshire Hathaway chairman & CEO, about how Burlington is cashing in on the golden age of oil and gas, and whether BNI will eventually switch to natural gas on its locomotive engines.
"The challenge with currencies is all the big ones have some difficulty," says Bill Gates. "It's not like the Americans have solved their deficit." Meanwhile Warren Buffett also shares his view on currencies.
The Canadian Pacific proxy fight is heating up as the clock ticks closer to May 17th. Hunter Harrison, former Canadian National president & CEO; Stephen Tobias, former Norfolk Southern vice chairman; and Bill Ackman, Pershing Square Capital founder & CEO, discuss.
Warren Buffett, chairman & CEO of Berkshire Hathaway, says he has become "more appreciative" of the railway business over the last year.