Buffett Says Gloat Like Rockefeller When Watching Trains
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Billionaire Warren Buffett said his Berkshire Hathaway Inc. will benefit from rising U.S. oil production as the company’s trains and tank cars move fuel around the country.
Buffett, 82, highlighted demand for rolling stock made by Berkshire’s Union Tank Car in his annual letter to shareholders March 1. His company acquired the manufacturer, which traces its roots to John D. Rockefeller’s Standard Oil Trust, as part of the 2008 purchase of Marmon Holdings Inc. Buffett told investors to watch for the UTLX logo.