Warren Buffet’s Berkshire Hathaway investment firm had bought a 10.9% ownership in railroad Burlington Northern Santa Fe as well as ownership in two other railroads that were not named.
This is not a typical investment for Buffett, said Donald Broughton, a senior analyst with AG Edwards & Sons in a Bloomberg report. “The industry is at peak operating margins and peak valuations.''
It's the latest sign that the rail industry is not suffering from the slowdown that trucking has seen. As noted in a recent Purchasing.com story, ntermodal volumes were up in the first quarter and railroads were showing signs of strength by investing.
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