Berkshire Hathaway to Buy BNSF for $100/Share
Berkshire Hathaway Inc., controlled by billionaire Warren Buffett, said Tuesday it will buy freight railroad Burlington Northern Santa Fe Corp. for $100 a share, in a transaction worth about $44 billion.
November 3, 2009Republicans Boycott Cap-and-Trade Bill Session
Republican members of the lead Senate committee crafting a cap-and-trade bill Tuesday boycotted the first day of a mark-up session on the legislation.
November 3, 2009William Logue to Succeed Doug Duncan at FedEx Freight
FedEx Corp. said Tuesday that William Logue will succeed Doug Duncan as president of FedEx Freight, the company’s less-than-truckload division.
November 3, 2009Expeditors’ Third-Quarter Income Falls 33%
Logistics firm Expeditors International of Washington said Tuesday its third-quarter net income fell 33% to $57.8 million, or 27 cents a share, from $85.6 million, or 39 cents, a year ago.
November 3, 2009Wabash to Close Illinois Plant
Trailer maker Wabash National Corp. said Tuesday that it will sell its Anna, Ill., plant and consolidate operations into its Cadiz, Ky., plant.
November 3, 2009Diesel Gains 0.7¢ to $2.808 a Gallon as Increases Slow
Diesel fuel’s national average retail price rose for a fourth straight week, though its increase slowed from recent weeks in a 0.7 cent gain to $2.808 a gallon, the Department of Energy said Monday.
November 3, 2009Navistar Acquires Engine Parts Business
Navistar Inc. said that it has acquired certain assets of Continental Diesel Systems US.
November 3, 2009Oshkosh Reports 4Q Profit, Full-Year Loss
Specialty truck maker Oshkosh Corp. said Tuesday its fiscal fourth-quarter profit improved but it lost money for its full year.
November 3, 2009San Francisco-Oakland Bay Bridge Reopens
The Bay Bridge between San Francisco and Oakland, Calif., reopened Monday, less than a week after being closed due to a problem with previous repairs, the San Francisco Chronicle reported.
November 2, 2009Navistar Explores Chinese Engine Venture
Navistar International Corp. said that it is exploring a joint venture to build and market diesel engines for commercial vehicles in China.
November 2, 2009