11/9/2009

Average inflation-adjusted rail rates have fallen by nearly 50% since the industry was partially deregulated in 1980, according to the American Association of Railroads. AAR made the remarks in response to criticism of Berkshire Hathaway's planned acquisition of Burlington Northern Santa Fe by a group that represents shippers that suggest BNSF will not be as transparent once the acquisition occurs. AAR noted that the Surface Transportation Board will continue to regulate the railroad. "The company's regulatory reporting requirements will not change as a result of the proposed transaction," noted Holly Arthur, an AAR spokeswoman.

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