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Rail Industry News

Stalking horse bid for MM&A is $14.25 million

(Source: Mainebiz, December 16, 2013) PORTLAND, Maine — The trustee for the bankrupt Montreal, Maine & Atlantic Railway is asking a judge for approval of a sales agreement with stalking horse bidder Railroad Acquisitions Holdings LLC for $14.25 million. Full story:...

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BNSF names Carl Ice CEO; Matt Rose changes roles

(Source: Reuters, December 11, 2013) NEW YORK — Berkshire Hathaway's BNSF Railway Co president Carl Ice will become the unit's chief executive, succeeding Matthew Rose, an executive many believe could become Warren Buffett's successor. Full story: Reuters

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