We Need More of This

Burlington Chief Executive Officer Matthew K. Rose is determined to take advantage of the industry’s improved climate and the flexibility he gets by having only one shareholder—Buffett. This year, Rose is boosting capital spending by 31 percent, triple the increase of other major rails. He’s buying about 200 locomotives and building more huge transfer facilities where rail freight containers are switched to and from trucks before and after their transport by train. Rose’s goal: to bolster the second-largest U.S. railroad’s competitiveness relative to long-haul truckers.

via BusinessWeek.