Buffett’s BNSF Seeks Mexico Toehold as Rivals Tap Boom: Freight
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When Mexico’s auto production began accelerating in the last decade, Warren Buffett’s BNSF Railway Co. lacked an essential element for winning customers: tracks in the right places.
Union Pacific Corp. and Kansas City Southern reaped most of the gains as the value of U.S.-Mexico rail trade soared almost 50 percent since 2008. Now, BNSF is trying to grab more business with a new route in partnership with Mexico’s Ferromex to connect the country’s car-assembly heartland with Chicago.