Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: VRWCarea51
Mr. Buffet will be perfectly happy.

Tank cars, in North America, are privately owned; so when the railroad industry combines to prematurely retire the existing tank car fleet, they don't bear the direct cost. (Indirectly, they bear the cost of any inefficiency which might transfer a competitive advantage to a competing mode, but the railroad industry never really has come to grips with the fact that transportation is competitive).

15 posted on 01/14/2014 11:32:26 AM PST by Mr. Lucky
[ Post Reply | Private Reply | To 8 | View Replies ]


To: Mr. Lucky
Mr. Buffet will be perfectly happy.

Very Happy. He bought a company that builds rail tank cars.

Warren Buffett Cashes In on Railroad Tank Cars
http://www.businessweek.com/articles/2013-11-14/2014-outlook-warren-buffett-cashes-in-on-railroad-tank-cars
November 14, 2013

21 posted on 01/14/2014 11:45:37 AM PST by thackney (life is fragile, handle with prayer)
[ Post Reply | Private Reply | To 15 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson