Investors all aboard on railroads

11/9/2009 | Dallas Morning News (free registration), The

Warren Buffet's $44 billion purchase of Burlington Northern Santa Fe Corp. has other investors taking notice of the potential profit in railroads. As gas prices edge higher, freight rail looks like a more attractive transportation investment than the trucking industry. "It's the most efficient method of shipping by a factor of about three, when you look at consumption of fuel," said Don Hodges, co-manager of the Dallas-based Hodges Fund.

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Dallas Morning News (free registration), The