In the CNBC interview shown below, Burlington Northern Santa Fe CEO Matthew Rose discusses the company’s special meeting of shareholders set for 10 am today. At the meeting, Burlington Northern shareholders are expected to approve Berkshire Hathaway’s offer to acquire the company. Mr. Rose also talks about trends in the railroad industry over the past few months.
The Association of American Railroads released the February 2010 Rail Time Indicators Report yesterday which is highly recommended for those who wish to follow the railroad industry.
Update @ 10:35 am: Burlington Northern Santa Fe shareholders have approved the transaction. Click on this link for the press release.
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The author owns shares of Berkshire Hathaway.