Warren Buffett, the billionaire owner of Berkshire Hathaway and one of the most successful investors alive, owns BNSF Railway Company.
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The investor owns 8.29% of the outstanding Canadian National Railway stock. The first Canadian National Railway trade was made in Q3 2002. Since then Bill Gates bought shares sixteen more times and sold shares on seven occasions. The stake costed the investor $5.31 Billion, netting the investor a gain of 12% so far.
In 2009, Buffett completed the buying of the company. He bought the rest of BNSF for $34 billion, or roughly $100 a share. The buy gave him an extra 77.4% stake in BNSF, or 100% control.
Union Pacific is the second largest railroad in the United States after BNSF, with which it shares a duopoly on transcontinental freight rail lines in the Western, Midwestern and West South Central United States.
Buffett followed his advice and ?sheepishly? spent $850,000 on a used Falcon 20 jet, author Alice Schroeder wrote in ?The Snowball: Warren Buffett and the Business of Life.? Buffett wrestled with the ostentatious purchase because it clashed with his upbringing and self-image.
CSX Transportation (it's name deriving with the “C” standing for Chessie, “S” for Seaboard, and “X” an all-encompassing multiplication symbol that “together we are so much more”) is the railroad division of CSX Corporation. The latter was originally created in 1980 as a holding company for several subsidiaries.
According to the statistics portal Statista, Union Pacific of the USA is worth a massive $75.4 billion, making it comfortably the biggest rail company in the world.