Berkshire Deal Could Raise Rail Rates, Sens. Say

Law360, New York (March 14, 2011, 2:12 PM EDT) -- Two U.S. senators Thursday called for the Surface Transportation Board to intervene in order to ensure Berkshire Hathaway Inc. does not unfairly raise shipping rates on railroads operated by Burlington Northern Santa Fe Corp., which it acquired in 2010.

In a letter to STB Chairman Daniel R. Elliott III, Sens. Al Franken, D-Minn., and David Vitter, R-La., said they feared Berkshire would pass the costs of its $30 billion acquisition of BNSF on to farmers and businesses in their states.

Warren Buffett's holding company announced in...
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