Warren Buffett's purchase of BNSF cheers industry

01/11/2010 | ProgressiveRailroading.com

Billionaire Warren Buffett's buyout of BNSF Railway Co. surprised investors and cheered the railway industry last year. "It's like the Good Housekeeping seal of approval that says railroads are here for the future," said Matt Rose, chairman, president and chief executive officer of BNSF Railway.

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