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Employment Up, Berkshire Hathaway now owns 20% of BNSF
I snagged these bits from Railway Age
U.S. Class I railroad employment remained comparatively strong at 164,025 in mid-October, up 1.06% from September 2008 and down only 0.78% from pre-recession October 2007. The numbers in six of the seven employment groups were up in October from September levels. The only decline was in the professional and administrative category, down 0.67%. A major improvement over October 2007 was the year-over-year increase of 1.51% in maintenance of way and structures employment.
Warren Buffett's Berkshire Hathaway, Inc. has lost billions in the stock market slump but its faith in BNSF Railway is still strong. According to documents filed on Wednesday with the Securities and Exchange Commission, Bershire Hathaway purchased another, 3.26 million shares of the railroad company on Monday and Tuesday, increasing its ownership position to nearly 20%.
…if I were in Warren Buffet's position, the things I would do with 20% ownership in the railroad, would be a slight bit interesting…
