The increased shipment of oil by train in North America has revived investor interest in the once sleepy rail industry. On one end of the industry there is Warren E. Buffett, who invested $44 billon to control Burlington Northern Santa Fe, or William A. Ackman, the activist investor who won a bitter proxy fight for control of the 14,700-mile Canadian Pacific railroad, a company with a market capitalization of $21 billion. On the other end are the little guys like Edward A. Burkhardt, the chief executive and majority owner of Rail World Inc. That is the company whose runaway train of oil tankers exploded last week in the town of Lac Mégantic, Quebec, killing 28, leaving 22 people missing and presumed dead, and the vacation town’s core incinerated. nytimes/2013/07/13/business/before-blast-hauling-oil-revived-a-tiny-railroad.html?pagewanted=all&_r=0
Posted on: Mon, 15 Jul 2013 02:18:14 +0000
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