Thursday, November 17, 2011

Buffett’s BNSF Exploits Boxed Asia Grain Up 29%: Freight

(Bloomberg) Burlington Northern Santa Fe, the railroad controlled by Warren Buffett, is betting almost $700 million on terminal development as it takes advantage of a 29 percent surge in Asia-bound shipments of specialty grains.
Products such as organic or genetically modified soybeans, which can’t travel in traditional hopper cars, are now being packed in shipping containers that once sailed back empty to Asia after bringing retail goods to the U.S. That’s an opportunity for railroads to bring those boxes to American ports. Continued

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