Berkshire’s Rail Divestiture Plan Gets U.S. Regulator’s Blessing
This article is for subscribers only.
Berkshire Hathaway Inc.’s plan to sell two small railroads it owned when it bought Burlington Northern Santa Fe Corp. will satisfy U.S. rail regulators.
The U.S. Surface Transportation Board, in a letter today to Burlington Northern Executive Vice President Roger Nober, said that “prompt” sales of the railroads would be “an appropriate remedy.”