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    Buffett's railroad to spend $3.9B on upgrades

    OMAHA, Neb. (AP) — Burlington Northern Santa Fe, the railroad owned by Warren Buffett's Berkshire Hathaway Inc., plans to spend $3.9 billion on network upgrades this year as the economy improves.

    The railroad says that its capital spending plan is $400 million bigger than its 2011 budget.

    The nation's major freight railroads, which include BNSF, together plan to spend about $13 billion this year, up from 2011's $12 billion.

    BNSF says it will spend $2.1 billion to upgrade its core rail network; $1.1 billion on locomotives, freight cars and other equipment; and about $300 million on developing the federally mandated system to remotely stop trains headed for a collision.

    The railroad is based in Fort Worth, Texas. Berkshire Hathaway is based in Omaha, Neb.

     

    34 comments

    • Nony  •  3 mths ago
      Now THAT'S some job creating!
    • Bren  •  3 mths ago
      Thank you warren for giving back!!!! many cities need this!
      ...you will never pay you share of taxes as long as you have the loop holes!!!
    • Jose Himmeninez  •  Rock Hill, South Carolina  •  3 mths ago
      @Johnf...... Its the deceptive how when and why. how much taxpayer money, 100% tax deductable ? when ? when hell freezes over ? how ? all illegal labor why? campaign dollars and a job after or cut of the action any or all. need I go on ?
    • old guy  •  Muskegon, Michigan  •  3 mths ago
      how much will this spending lower the taxes paid by BNSF? follow the money
    • Rodney M  •  Columbia, South Carolina  •  3 mths ago
      Now if the Gov could just get his companies to pay their taxes.
      • Bren 3 mths ago
        HEY RODNEY~ I keep saying to america...and keep getting the thumbs down~ he is complaining about his secretary paying more taxes than him~ NO #$%$ SHE DOES NOT HAVE THE LOOP HOLES HE DOES!his not complaining against his loop holes!
      • JB 3 mths ago
        Bershire Hathaway owes 2 billion in back taxes and they keep fighting it. (how many years now 3 or so) Warren pay your bills like the rest of us and quit saying we need to raise taxes. What you (Warren) are really saying is the we need to raise taxes on the middle class so that you can get your railroads upgraded by the government (ie. the taxpayers) for free.
    • CUBBYBOY  •  3 mths ago
      Too bad the USA doesn't make train stuff anymore - more $Billions going overseas.
      • Nony 3 mths ago
        Infrastructure. Do you know what that word means?
    • CC  •  3 mths ago
      Good old Mr. Buffet. Still owes billions of dollars in back taxes from Berkshire to the IRS. But asks the other rich to pay more in taxes and then buys up controlling shares of Burlington Northern stock after his private meeting with Obama. Right before they announce the Railway Upgrade stimulis package. What a scam!!!
      • Marco 3 mths ago
        He bought it 3 years ago.
      • CC 3 mths ago
        He bought it on November 3rd, 2009. Mr. Buffet, meet with Obama on Nov. 6 2008 as part of the economic recovery plan team. As reported by by Times and Bloomberg magazine on Nov. 6 2008 "President-elect Barack Obama will meet tomorrow with his economic advisory group, a team that includes billionaire investor Warren Buffett, ex-Commerce Secretary William Daley and former Federal Reserve Chairman Paul Volcker. "
      • Mark 3 mths ago
        warren owes no back taxes. that lie has long been debunked.
    • George Mason  •  Irvine, California  •  3 mths ago
      If he wants to carry that Canada oil he will need to up grade the railroad bed and buy more railroad tanker cars. Now I know what the kickback was for Buffett. Now I just need to find out what that millionaire secretary gets.
      • American Patriot 3 mths ago
        You know nothing about the Keystone pipeline, right? Because the Keystone pipeline is already in place and supplying Canadian oil to the US. Get educated, please.
      • George Mason 3 mths ago
        If you knew what you were talking about then you could explain why president Obama wants to study the building of the Keystone pipeline and has said he will decide after January 2013. Could you explain then why he will "study" the building of a pipeline your believe is already built? Please don't tell others to get an education when it is clear you are so uninformed.
    • Rambo Bob  •  3 mths ago
      He's looking at all the oil he'll haul since he was successful having 0bama kill the Keystone Pipeline .
      • American Patriot 3 mths ago
        You know nothing about the Keystone pipeline, right? Because the Keystone pipeline is already in place and supplying Canadian oil to the US.
    • RandyH  •  Richardson, Texas  •  3 mths ago
      He made his deal with Obama to haul the oil from Canada and NOT to build the pipeline.

      I wonder how much he is going to give Obama????????
    • Bikeman  •  3 mths ago
      And he still is not paying his taxes. But his secretary is !!!
    • John  •  San Diego, California  •  3 mths ago
      you all do know the gov gives the railroad money---buffoon billionaire on the dole
    • Lawrence  •  3 mths ago
      Funny how the "journalists" at AP don't see the connection between Obama nixing the XL pipeline and his buddy Warren please raise my taxes Buffet upgrading the rail road that will now carry the oil to the west coast on it's way to China. No croney capitalism there huh ?
    • Robert  •  Nashville, Tennessee  •  3 mths ago
      He needs to upgrade his railroad. Since he managed to get Obama to kill the pipeline, the railroad is the only way to get the oil to the refineries. Crony capitalism at its finest.
    • MICHAEL  •  San Francisco, California  •  3 mths ago
      Buffett is preparing to take all that Canadian oil to the west coast so it can go to China instead of the pipeline that would go to Houston for the American market
    • Jose Himmeninez  •  Rock Hill, South Carolina  •  3 mths ago
      Big Media is not your freind. nowadays they are the promotional arm of all things evil. this article is perfect example , no big headline or critique of 0buma just a gentle hoo-ray for Buffet and the man who fixed nothing.
    • algore  •  3 mths ago
      Buffett's railroad hauls 100's of millions of tons of coal to power plants annually. That's why he is against the Keystone Pipeline.
    • CC  •  3 mths ago
      How convenient. Buffet privately meets with Obama, then buys controlling stock in Burlington Northern. Mr. Obama then announces the Federal Railways improvement plan. Burlington Northern gets a HUGE stimulus package and they laugh there way to the bank while the tax payers get screwed again!!!
    • johnf  •  3 mths ago
      Wow, all these posts slamming a guy who is investing almost 4billion into improving part of our country's infrastructure. You Conservatives are unbelievable.
    • mytwocents  •  3 mths ago
      Someone has to haul the oil out of North Dakota's Bakken field since Obama killed the Keystone Pipeline.
      Think Warren will claim these upgrades on his taxes or just continue to put everyone else down while claiming the minimum 15% he hates so much?
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