Hinkle will now be owned by the BN. Operations to start early next year.
13 replies (most recent on top)
UP is trading the yard at Denver to BN for something maybe it is Hinkle
What food business, they are running off customers as fast as employees.
Hinkle was, still is and always will be a absolute sewer hole.
Hinkle is not going anywhere. It is still and will always be a MAJOR station for our food business.
Warren didn’t buy UP because there isn’t anyone in Omaha that can run a railroad.
Well there’s not much worth buying in Omaha, so that makes sense.
Warren always buys hometown competitors; never hometown companies. He has some sort of long-term grudge against the Omaha business community.
if buffett wanted anything to do with UP he had the opportunity to buy it. he passed on the railroad based out of his own hometown where he lives. that should tell you something.
Can't buy the whole UP system that would make it a monopoly, which is against the law.
I wouldn't put it past BNSF to pick up Hinkle because as was mentioned it's in a prime area and could really help their Company. I think that's the core issue with the UP and their coming late to the party approach on PSR. Their major hubs are all in proximity to other railroads who could easily eat up their customer base driving the Company's stock price into the basement (can't live off free tax cut money forever). Buffet has always been good at the long-game and I honestly would not be surprised that once the ball drops on the UP and they lose their customers right along with the thousands of people they furloughed that BNSF and possibly CN comes in and picks up the pieces.
It’s not prime for the BNSF When the UP mains lead into and out of it. You’re grasping for straws.
Prime location in the Northwest with a newer shop (20 years old) that is capable of doing more repairs than ANY other shop in the Northwest, wheel true, drop pit, etc. Only reason why Vena shut it down was to fill they’re pockets with more money. That decision will come back to hurt them, guaranteed. There’s a reason why the old brass that was running UP invested money into Hinkle rather than get rid of it, they saw value in it. These new guys just want to make themselves richer than they already are.
Um sure ok 👌 BN has enough going on i’m sure they don’t want anything to do with this failure. If Up doesn’t want it then why would BN? O’l warren is probably just sitting back waiting for this place to crumble so Birkshire can buy the whole thing iup for pennies on the dollar?