Warren Buffett on American Rail

In his recent yearly address, billionaire and philanthropist Warren Buffett had nothing but praise for the US and the direction things are heading. One especially positive note is Buffett's thoughts on American rail, seen here in the New York Times, are as follows.


“Railroads have major cost and environmental advantages over trucking, their main competitor,” said Mr. Buffett. “Our country gains because of reduced greenhouse emissions and a much smaller need for imported oil. When traffic travels by rail, society benefits."


Of course this follows Buffett's 26 billion dollar purchase of Burlington Northern Santa Fe railroad. Either way you look at it, this is positive press for American rail. To see an investor like Buffett "all aboard" with the idea, and calling it his highlight of 2010, is even better!