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Freight Trains: Comeback in US?

The importance of rail in the future movement of goods in the US got a vote of confidence in Warren Buffett's $34 billion purchase of Burlington Northern Santa Fe Corp. in November.

Buffett characterized his investment as an "all-in wager on the economic future of the United States," as quoted in an article in the January 3 Los Angeles Times. But it's also a bet on globalization and the renewed importance of rail in the nation's transportation network.